The Elements of Political EconomyGould, Kendall, and Lincoln, 1840 - 441 páginas |
Dentro del libro
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Página x
... Medium , SECTION . II . Of the Qualities necessary to that which constitutes a Circu- lating Medium , SECTION III . Of the Functions of Money , SECTION IV . 173 177 181 187 190 193 198 205 211 Of the Agency of Government , in respect to ...
... Medium , SECTION . II . Of the Qualities necessary to that which constitutes a Circu- lating Medium , SECTION III . Of the Functions of Money , SECTION IV . 173 177 181 187 190 193 198 205 211 Of the Agency of Government , in respect to ...
Página 128
... medium of labor ; that is , he should be furnished with work , and be remunerated with the proceeds . 5. That those who are enabled only in part to earn their subsistence , be provided for , to the amount of that deficiency , only . And ...
... medium of labor ; that is , he should be furnished with work , and be remunerated with the proceeds . 5. That those who are enabled only in part to earn their subsistence , be provided for , to the amount of that deficiency , only . And ...
Página 198
... MEDIUM . In the preceding chapter , I have endeavored to illustrate the general principles of exchange , and the conditions by which it is regulated . Exchange , however , like every other benefit which we enjoy in this life , can only ...
... MEDIUM . In the preceding chapter , I have endeavored to illustrate the general principles of exchange , and the conditions by which it is regulated . Exchange , however , like every other benefit which we enjoy in this life , can only ...
Página 199
... medium . I. The difficulties which attend upon exchange in kind . By exchange in kind , I mean exchange of com- modity for commodity , as when a farmer exchanges wheat for sugar , or pork for iron , & c . 1. Suppose a producer to have ...
... medium . I. The difficulties which attend upon exchange in kind . By exchange in kind , I mean exchange of com- modity for commodity , as when a farmer exchanges wheat for sugar , or pork for iron , & c . 1. Suppose a producer to have ...
Página 202
... medium ; and it will be easily seen , in what manner , by means of a circulating medium , they are remedied . 1. Suppose that the producer can always ex- change his product , not for the article which he im- mediately wants , but for ...
... medium ; and it will be easily seen , in what manner , by means of a circulating medium , they are remedied . 1. Suppose that the producer can always ex- change his product , not for the article which he im- mediately wants , but for ...
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Términos y frases comunes
able accomplish accumulation advantage amount of labor annual balance spring bank benefit borrow bushels capi capitalist cent cheaper circulating capital circulating medium cloth consumed consumption cost cotton course creased create demand diminished dition dium division of labor duction effect employed employment enabled equal evident exchangeable value exerted expense exports fixed capital frequently gratify greater greatly Hence human industry hundred dollars important inasmuch increased individual indolence investment iron Julius Cæsar laws less liable loan machinery mand manner manufactures means ment merchant millions mode nation natural agents necessary number of laborers objects of desire obliged operation paid payment persons portion possesses precious metals principles procure production profit proportion purchase quantity reason receive render result rich rise sell skill society specie supply Suppose thing thousand dollars tion transportation venison vidual wants wheat whole worth
Pasajes populares
Página 114 - Seest thou a man diligent in his business? he shall stand before kings ; he shall not stand before mean men...
Página 206 - And Abraham hearkened unto Ephron; and Abraham weighed to Ephron the silver, which he had named in the audience of the sons of Heth, four hundred shekels of silver, current money with the merchant.
Página v - His object has been to write a book, which, any one who chooses may understand. He has, therefore, labored to express the general principles in the plainest manner possible, and to illustrate them by cases with which every person is familiar. It has been to the author a source of regret, that the course of discussion in the following pages, has, unavoidably, led him over ground which has frequently been the arena of political controversy.
Página 84 - One of those boys, who loved to play with his companions, observed that, by tying a string from the handle of the valve which opened this communication, to another part of the machine, the valve would open and shut without his assistance, and leave him at liberty to divert himself with his playfellows.
Página 79 - It can engrave a seal, and crush masses of obdurate metal before it — draw out, without breaking, a thread as fine as gossamer, and lift a ship of war like a bauble in the air. It can embroider muslin and forge anchors — cut steel into ribands, and impel loaded vessels against the fury of the winds and waves.
Página vii - ... led him over ground which has frequently been the arena of political controversy. In all such cases, he has endeavored to state what seemed to him to be truth, without fear, favor, or affection. He is conscious to himself of no bias towards any party whatever, and he thinks that he who will read the whole work, will be convinced that he has been influenced by none.
Página 79 - By his admirable contrivance, it has become a thing stupendous alike for its force and its flexibility, for the prodigious power which it can exert, and the ease, and precision, and ductility, with which it can be varied, distributed, and applied. The trunk of an elephant, that can pick up a pin or rend an oak, is as nothing to it.
Página 79 - But these are poor and narrow views of its importance. It has increased indefinitely the mass of human comforts and enjoyments, and rendered cheap and accessible, all over the world, the materials of wealth and prosperity.