Outlines of EconomicsMacmillan, 1910 - 700 páginas |
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Página 43
... equal , Adam Smith published the Wealth of Nations , the most influential book ever written on economics . " Every individual , " said Smith , " is continually exerting himself to find out the most advantageous employment for whatever ...
... equal , Adam Smith published the Wealth of Nations , the most influential book ever written on economics . " Every individual , " said Smith , " is continually exerting himself to find out the most advantageous employment for whatever ...
Página 104
... equal distribution of wealth . It would be interesting to know what the scale of living would be if the national income were equally distributed . At present we do not know whether a family of five persons would have $ 800 or $ 1600 to ...
... equal distribution of wealth . It would be interesting to know what the scale of living would be if the national income were equally distributed . At present we do not know whether a family of five persons would have $ 800 or $ 1600 to ...
Página 111
... equal cost appears at that moment to be more important . - Future Wants . Not all of the goods for which we strive are wanted for present consumption . We recognize that we shall have needs next month or next year , and we attempt to ...
... equal cost appears at that moment to be more important . - Future Wants . Not all of the goods for which we strive are wanted for present consumption . We recognize that we shall have needs next month or next year , and we attempt to ...
Página 114
... equal distribution is further objec- tionable because of the discouragement it might give to the ener- getic members of the community . Would a man continue to work hard if his lazy neighbor received as much as he ? There is only one ...
... equal distribution is further objec- tionable because of the discouragement it might give to the ener- getic members of the community . Would a man continue to work hard if his lazy neighbor received as much as he ? There is only one ...
Página 115
... equal- ity , reminds us that the lowliest human being is to be looked upon as an end , not as a means to the happiness of others ; the second is safe and convenient so far as it can be definitely applied ; but the final test , so long ...
... equal- ity , reminds us that the lowliest human being is to be looked upon as an end , not as a means to the happiness of others ; the second is safe and convenient so far as it can be definitely applied ; but the final test , so long ...
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Términos y frases comunes
agriculture American amount bank reserves banks bimetallism bullion capital Census cent Chap cities coinage coins commercial commodity companies competition consumers consumption coöperation corporation cost debt demand distribution of wealth dollars economic economic rent efficiency employers England entrepreneur exchange expenses of production fact factors farm farmer federal fiat money gold greenbacks important increase individual Industrial Revolution industry interest investment kinds labor land less loans manufacturing marginal marginal product marginal utility means ment methods modern monopoly municipal natural monopolies nature nomic organization ownership paid payment persons physiocrats population present principle problem profits progressive taxation public expenditures purchase railway regulation rent result revenue secure seigniorage sell social socialist society supply taxation theory things tion to-day trade trades unions union United utility wages wants
Pasajes populares
Página 370 - The natural price of labour is that price which is necessary to enable the labourers, one with another, to subsist and to perpetuate their race, without either increase or diminution.
Página 81 - Whereas it is necessary for the support of government, for the discharge of the debts of the United States, and the encouragement and protection of manufactures, that duties be laid on goods, wares, and merchandises imported: Be it enacted, etc.
Página 38 - Every individual is continually exerting himself to find out the most advantageous employment for whatever capital he can command. It is his own advantage, indeed, and not that of the society, which he has in view. But the study of his own advantage naturally, or rather necessarily leads him to prefer that employment which is most advantageous to the society.
Página 38 - What is the species of domestic industry which his capital can employ, and of which the produce is likely to be of the greatest value, every individual, it is evident, can, in his local situation, judge much better than any statesman or lawgiver can do for him.
Página 184 - Perpetuities and monopolies are contrary to the genius of a free government, and shall never be allowed; nor shall the law of primogeniture or entailments ever be in force in this state.
Página 586 - ... agent of any person, corporation, or syndicate in making such entry, nor in collusion with any person, corporation, or syndicate to give them the benefit of the land entered, or any part thereof, or the timber thereon...
Página 224 - It is evident that if the opportunity for the free and unlimited coinage of silver at the ratio of 16 to 1 had still existed, there would have been another sudden change in the actual monetary standard.
Página 81 - ... the passage of the Interstate Commerce Act of 1887 and the Sherman Anti-Trust Act of 1890, and for the fervor of the Populist movement of the early nineties.
Página 76 - The western States (I speak now from my own observation) stand as it were upon a pivot. The touch of a feather would turn them any way.
Página 114 - The things which have the greatest value in use have frequently little or no value in exchange; and on the contrary, those which have the greatest value in exchange have frequently little or no value in use. Nothing is more useful than water: but it will purchase scarce anything; scarce anything can be had in exchange for it.