Outlines of EconomicsMacmillan, 1910 - 700 páginas |
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Página 17
... farmer's re- sult . First , we may say that the farmer owns the farm that he cultivates ; this is private property . But how comes it that the farm is his ? Why does not a stronger man drive him off and take the farm himself ? Plainly ...
... farmer's re- sult . First , we may say that the farmer owns the farm that he cultivates ; this is private property . But how comes it that the farm is his ? Why does not a stronger man drive him off and take the farm himself ? Plainly ...
Página 19
... Farmers confidently pro- ceed to raise wheat , never troubling themselves about the grind- ing and baking . Neither workmen nor employers in general know why wages are as they are . Men lend money or goods , now for one price , now for ...
... Farmers confidently pro- ceed to raise wheat , never troubling themselves about the grind- ing and baking . Neither workmen nor employers in general know why wages are as they are . Men lend money or goods , now for one price , now for ...
Página 35
... farmers live in separate homesteads among the fields they rent , but then all the cultivators lived side by side in the village street . ( 2 ) Now each farmer follows his own judgment as to his agricul- tural operations , but in this ...
... farmers live in separate homesteads among the fields they rent , but then all the cultivators lived side by side in the village street . ( 2 ) Now each farmer follows his own judgment as to his agricul- tural operations , but in this ...
Página 37
... farmers practiced what was known as " convertible hus- bandry " ; that is , the pasture was plowed up every few years for raising crops . This , again , has been superseded by the modern system of crop rotation . The Mercantile System ...
... farmers practiced what was known as " convertible hus- bandry " ; that is , the pasture was plowed up every few years for raising crops . This , again , has been superseded by the modern system of crop rotation . The Mercantile System ...
Página 43
... farmers . " The medieval notion of government was still nominally in force , Detailed and special legislation was supposed to be the means of securing a well - ordered trade , as explained in the preceding chap- ter . But a tremendous ...
... farmers . " The medieval notion of government was still nominally in force , Detailed and special legislation was supposed to be the means of securing a well - ordered trade , as explained in the preceding chap- ter . But a tremendous ...
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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 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.