American Political Economy: Including Strictures on the Management of the Currency and the Finances Since 1861, with a Chart Showing the Fluctuations in the Price of GoldC. Scribner, 1870 - 495 páginas |
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Página 5
... income or in- How can this fact be reconciled with the principles that have just been stated respecting the nature of all wealth ? The crease . answer to this question brings us at once to the WEALTH AND ITS TRANSMUTATIONS . 5.
... income or in- How can this fact be reconciled with the principles that have just been stated respecting the nature of all wealth ? The crease . answer to this question brings us at once to the WEALTH AND ITS TRANSMUTATIONS . 5.
Página 7
... income or increase . But in this country , in England , or France , he would probably put it in the Savings ' Bank ; that is , he would lend it to the bank , which , for shortness , we will suppose to be a bank both of savings and dis ...
... income or increase . But in this country , in England , or France , he would probably put it in the Savings ' Bank ; that is , he would lend it to the bank , which , for shortness , we will suppose to be a bank both of savings and dis ...
Página 61
... income and his capital mostly on the spot where he resides , where the public eye can follow his wealth , and see it passing into the hands of laborers , tradesmen , and dependents . But these persons do not obtain it for nothing . They ...
... income and his capital mostly on the spot where he resides , where the public eye can follow his wealth , and see it passing into the hands of laborers , tradesmen , and dependents . But these persons do not obtain it for nothing . They ...
Página 62
... income or revenue . This income , like the year's wages of a laborer , seems to be the fund naturally designed for his own maintenance and that of his family . A portion of it must be spent in this manner , that is , must be spent ...
... income or revenue . This income , like the year's wages of a laborer , seems to be the fund naturally designed for his own maintenance and that of his family . A portion of it must be spent in this manner , that is , must be spent ...
Página 93
... income equal to that from which those savings were made , then the prospect of being released altogether from the necessity of labor will stimulate the habit of frugality to the utmost . The average rate of profits in this country is at ...
... income equal to that from which those savings were made , then the prospect of being released altogether from the necessity of labor will stimulate the habit of frugality to the utmost . The average rate of profits in this country is at ...
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Términos y frases comunes
accumulation Adam Smith advantage aggregate agricultural America amount annual annuity average Bank of England bank-bills banks bills bills of exchange borrowed capital capitalists cause cent Circulating Capital circulation coin commercial commodities competition consequence consumed consumption cost created currency demand Deposits depreciated currency depreciation diminished distribution dollars effect employed employment England English equal evil exchange expense exports flour foreign funds gold greater hand income increase industry investment issue J. S. Mill labor land less loans manufactures means ment merchant metals millions National Debt natural nearly necessary obliged obtain operations paid Paper Money payment persons population portion pound sterling production proportion purchase quantity raise rate of interest rate of Profit received Rent revenue savings says sell silver specie supply taxation tion trade Treasury United value of money Wages wants wealth whole
Pasajes populares
Página 387 - The subjects of every state ought to contribute towards the support of the government, as nearly as possible, in proportion to their respective abilities ; that is, in proportion to the revenue which they respectively enjoy under the protection of the state.
Página 270 - And the children of Israel did so and gathered, some more, some less. And when they did mete it with an omer, he that gathered much had nothing over, and he that gathered little had no lack; they gathered every man according to his eating.
Página 396 - A direct tax is one which is demanded from the very persons who, it is intended or desired, should pay it. Indirect taxes are those which are demanded from one person in the expectation and intention that he shall indemnify himself at the expense of another: such as the excise or customs.
Página 435 - The statesman, who should attempt to direct private people in what manner they ought to employ their capitals, would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself...
Página 293 - ... no State shall coin money, emit bills of credit, or make anything but gold and silver coin a tender in payment of debts.
Página 387 - Every tax ought to be so contrived as both to take out and to keep out of the pockets of the people as Little as possible, over and above what it brings into the public treasury of the state.
Página 436 - The superiority of one country over another in a branch of production, often arises only from having begun it sooner. There may be no inherent advantage on one part, or disadvantage on the other, but only a present superiority of acquired skill and experience.
Página 52 - The difference of natural talents in different men is, in reality, much less than we are aware of; and the very different genius which appears to distinguish men of different professions, when grown up to maturity, is not upon many occasions so much the cause, as the effect of the division of labour.
Página 108 - The laws and conditions of the production of wealth, partake of the character of physical truths. There is nothing optional, or arbitrary in them. Whatever mankind produce, must be produced in the modes, and under the conditions, imposed by the constitution of external things, and by the inherent properties of their own bodily and mental structure.
Página 388 - Equality of taxation, therefore, as a maxim of politics, means equality of sacrifice. It means apportioning the contribution of each person towards the expenses of government, so that he shall feel neither more nor less inconvenience from his share of the payment than every other person experiences from his.