The Elements of Political Economy: With Some Applications to Questions of the DayAmerican Book Company, 1887 - 386 páginas |
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The Elements of Political Economy: With Some Applications to Questions of ... James Laurence Laughlin Sin vista previa disponible - 2016 |
ELEMENTS OF POLITICAL ECONOMY J. Laurence (James Laurence) Laughlin Sin vista previa disponible - 2016 |
The Elements of Political Economy: With Some Applications to Questions of ... James Laurence Laughlin Sin vista previa disponible - 2015 |
Términos y frases comunes
affect amount bank bimetallism bonds borrow bullion bushels buyer capitalist cause cent CHAPTER classes of laborers coin commodities corn cost of production cotton cultivation debt demand and supply deposits desire diminishing returns division of labor duction Economics employed employer employment equal exchange value existence exports fall farmer free competition gain give gold and silver Government grain greater Gresham's law imports increase industries investment iron issue labor and capital land law of diminishing laws of value legal tender less loan Lond machinery mand manufactures means natural monopoly normal value outlay paid paper money payment persons Political Economy principle profits purchasing power quantity railways raise rate of interest receive relatively rent rise sacrifice sell share skilled labor taxes things tion trade Treasury United States notes unskilled labor wages and interest wants wealth wheat workmen
Pasajes populares
Página 182 - States in payment of taxes, excises, public lands, and all other dues to the United States, except duties on imports; and also for all salaries and other debts and demands owing by the United States to individuals, corporations, and associations within the United States, except interest on the public debt, and in redemption of the national currency.
Página 66 - Give a man the secure possession of a bleak rock, and he will turn it into a garden; give him a nine years' lease of a garden, and he will convert it into a desert.
Página 16 - One man draws out the wire, another straights it, a third cuts it, a fourth points it, a fifth grinds it at the top for receiving the head ; to make the head requires two or three distinct operations ; to put it on is a peculiar business, to whiten the pins is another ; it is even a trade by itself to put them into the paper; and the important business of making a pin is in this manner divided into about eighteen distinct operations, which, in some manufactories, are all performed by distinct hands...
Página 338 - ... the wisdom of the Government will be shown in never trusting itself with the use of so seducing and dangerous an expedient.
Página 238 - Employment is much more constant in some trades than in others. In the greater part of manufactures, a journeyman may be pretty sure of employment almost every day in the year that he is able to work. A mason or* bricklayer, on the contrary, can work neither in hard frost nor in foul weather, and his employment at all other times depends upon the occasional calls of his customers. He is liable. in consequence, to be frequently without any.
Página 341 - ... lawful money and a legal tender in payment of all debts, public and private, within the United States, except duties on imports and interest as aforesaid.
Página 238 - The probability that any particular person shall ever be qualified for the employment to which he is educated, is very different in different occupations. In the greater part of mechanic trades success is almost certain, but very uncertain in the liberal professions. Put your son apprentice to a shoemaker, there is little doubt of his learning to make a pair of shoes : but send him to study the law, it is at least twenty to one if ever he makes such a proficiency as will enable him to live by the...
Página 118 - ... and capital of the two countries would not be so productive, the two together would not obtain from their industry so great a quantity of commodities, as when each employs itself in producing, both for itself and for the other, the things in which its labor is relatively most efficient. The addition thus made to the produce of the two combined, constitutes the advantage of the trade.
Página 87 - Wolowski, this amount of live stock and vegetables might have brought four thousand francs, which would have been good remuneration for five songs. In the Society Islands, however, pieces of money were very scarce; and as Mademoiselle could not consume any considerable portion of the receipts herself, it became necessary in the mean time to feed the pigs and poultry with the fruit.
Página 181 - July 14, 1890, are legal tender for all debts, public and private, except where otherwise expressly stipulated in the contract. United States notes are legal tender for all debts, public and private, except duties on imports and interest on the public debt.