The Elements of Political Economy - Francis Wayland - Google Libros

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The Conditions of our being, on which the laws on this sub-

ject are founded,

Industry will be applied to Capital, as every man enjoys the

advantages of his Labor and Capital.

As every man may gain all he can,

As every man may use his own as he will,

Labor will be applied to Capital, as every man suffers the

inconveniences of Idleness,

The greater the Ratio of Capital to Labor, the greater will be

the Stimulus to Labor,

Industry will be applied to Capital, in proportion to the In-

tellectual Condition of a People,

Of the Effects of direct Legislation, as a means of increas-

ing Production.

Of Protecting Duties,

Objections Considered,

BARTER, OR EXCHANGE IN KIND.

Of the principles in our Constitution which give rise to Ex-

General Doctrines of Exchange.

Of the exchangeable value of Products,

Exchange confers no new value,

Conditions on which frequency of Exchange depends,

Effects of legislative enactments on Exchange,

Stagnation of Business,

Internal Improvements,

CHAPTER SECOND.

EXCHANGE BY MEANS OF A METALLIC CURRENCY.

Of the Use of a Circulating Medium,

Of the Qualities necessary to that which constitutes a Circu-

Of the Functions of Money,

Of the Agency of Government, in respect to a Circulating Me-

OF A CIRCULATION BY MEANS OF A PAPER CURRENCY.

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Of the agency of Society, that is, Government, in respect to

a Paper Circulation,

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Of individual Consumption, for the sake of re-production.

Of Consumption of Capital,

Of Consumption of Labor,

Of Consumption for the gratification of Desire.

Of Consumption for the purpose of self-gratification, simply,

Consumption in respect to the relative Objects of Desire,

OF PUBLIC CONSUMPTION.

Of Taxes, or the manner in which the public expenditure is

Of direct and indirect Taxation,

Of the principle by which Taxation should be regulated,

Of the purposes for which the Public Revenue is commonly ex-

Of the expenses of Civil Government,

"Maintaining Religious Worship,

"National Improvement,

Expenses for Public Education,

Note on the Precious Metals,

ELEMENTS

OF

POLITICAL ECONOMY.

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