Principles of Political Economy with Some of Their Applications to Social Philosophy, Volume 2C.C. Little & J. Brown, 1848 - Economics |
Other editions - View all
Common terms and phrases
17 yards advantage amount assignats bank notes Bank of England bankers benefit bills of exchange book credits borrow bought bullion called cause checks circulating medium circumstances classes coin commerce consequently consumers convertible corn cost of carriage cost of labor cost of production dealers debt depend depreciated currency depreciation diminished discounted effect equal equivalent exchange value exist expense exports fall foreign countries France Fullarton Germany give gold and silver hands holders imports increase issue issuers labor and capital land law of value less lower manufacturers means mercantile mode modities obtain paid paper currency payment person portion pounds precious metals produce proportion purchasing power quantity of money rate of interest rate of profit ratio rise of prices seignorage sell shillings sold speculation supposed supposition theory things tion trade transactions value of money wages wanted yards of cloth yards of linen
Popular passages
Page 313 - Hitherto it is questionable if all the mechanical inventions yet made have lightened the day's toil of any human being. They have enabled a greater population to live the same life of drudgery and imprisonment, and an increased number of manufacturers and others to make fortunes. They have increased the comforts of the middle classes. But they have not yet begun to effect those great changes in human destiny, which it is in their nature and in their futurity to accomplish.
Page 518 - Laisser-faire, in short, should be the general practice: every departure from it, unless required by some great good, is a certain evil.
Page 310 - I confess I am not charmed with the ideal of life held out by those who think that the normal state of human beings is that of struggling to get on ; that the trampling, crushing, elbowing and treading on each other's heels, which form the existing type of social life, are the most desirable lot of human kind, or anything but the disagreeable symptoms of one of the phases of industrial progress.
Page 489 - The only case in which, on mere principles of political 'economy, protecting duties can be defensible, is when they are imposed temporarily (especially in a young and rising nation) in hopes of naturalizing a foreign industry, in itself perfectly suitable to the circumstances of the country.
Page 346 - The subjects of every state ought to contribute to 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.
Page 118 - It is hardly possible to overrate the value, in the present low state of human improvement, of placing human beings in contact with persons dissimilar to themselves, and with modes of thought and action unlike those with which they are familiar.
Page 315 - According to the former theory, the lot of the poor, in all things which affect them collectively, should be regulated for them, not by them. They should not be required or encouraged to think for themselves, or give to their own reflection or forecast an influential voice in the determination of their destiny.
Page 311 - It is only in the backward countries of the world that increased production is still an important object: in those most advanced, what is economically needed is a better distribution, of which one indispensable means is a stricter restraint on population.
Page 360 - Suppose that there is a kind of income which constantly tends to increase, without any exertion or sacrifice on the part of the owners ; those owners constituting a class in the community, whom the natural course of things progressively enriches, consistently with complete passiveness on their own part.
Page 346 - 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....