American Political Economy1870 |
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Página 95
... issue in abundant streams , giving efficiency and fertility to labor throughout the land . The water which falls in drops upon the desert sinks through the sand , and leaves the ground arid and barren as before ; but when collected in ...
... issue in abundant streams , giving efficiency and fertility to labor throughout the land . The water which falls in drops upon the desert sinks through the sand , and leaves the ground arid and barren as before ; but when collected in ...
Página 243
... issue is an act of enforced bankruptcy ; it acquires a conventional but fluctuating value from the legal necessity imposed upon all creditors to accept it as a full discharge of any pecuniary obligation . The act of government has made ...
... issue is an act of enforced bankruptcy ; it acquires a conventional but fluctuating value from the legal necessity imposed upon all creditors to accept it as a full discharge of any pecuniary obligation . The act of government has made ...
Página 251
... issue Currency enough to make the circulating medium thrice as large as it was before , thereby en- hancing the price of all commodities threefold against itself , and also , under the plea that it was necessary to have a national ...
... issue Currency enough to make the circulating medium thrice as large as it was before , thereby en- hancing the price of all commodities threefold against itself , and also , under the plea that it was necessary to have a national ...
Página 267
... issue these coins is vested solely in the government mint , so that too many of them may not be thrown into circulation . Under this system , as I have said , the coinage of the two coun- tries is in a perfectly satisfactory state . The ...
... issue these coins is vested solely in the government mint , so that too many of them may not be thrown into circulation . Under this system , as I have said , the coinage of the two coun- tries is in a perfectly satisfactory state . The ...
Página 270
... issues bills to serve as currency , to preserve these bills from depre- ciation in every place where they circulate to any extent . If , by any strange chance in the course of trade , the bills of our Boston banks should come to ...
... issues bills to serve as currency , to preserve these bills from depre- ciation in every place where they circulate to any extent . If , by any strange chance in the course of trade , the bills of our Boston banks should come to ...
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Términos y frases comunes
accumulation Adam Smith advantage aggregate agriculture American amount annual average Bank of England bank-bills banks bills bills of exchange borrow capital capitalists cause cent Circulating Capital circulation coin commerce commodities consequence consumed consumption cost created currency demand Deposits depreciation diminished distribution dollars effect employed employment England English equal evil exchange exports flour foreign funds gold greater hand income increase industry investment issue J. S. Mill labor land legal tender less loans manufactures means ment merchant metals millions natural nearly necessary needed obtain old State banks operations paid Paper Money payment persons population portion pound sterling precious metals production proportion purchase quantity 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 427 - 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 312 - 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 491 - 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 335 - no State shall coin money, emit bills of credit, or make anything but gold or silver coin a tender in payment of debts.
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 428 - 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.
Página 427 - The tax which each individual is bound to pay ought to be certain, and not arbitrary. The time of payment, the manner of payment, the quantity to be paid, ought all to be clear and plain to the contributor, and to every other person.
Página 218 - When the stocks of many rich merchants are turned into the same trade, their mutual competition naturally tends to lower its profit; and when there is a like increase of stock in all the different trades carried on in the same society, the same competition must produce the same effect in them all.
Página 491 - It is the maxim of every prudent master of a family, never to attempt to make at home what it will cost him more to make than to buy.