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Adam Smith agricultural amount Bank of England banks capital cause cent competition considered consumption cooperation corporations create demand desire determined distribution duction economic economic rent economist employers England enterprises established excessive exchange expenditure expenses extent fact farm fertile given gold groups Icaria income increase indirect taxes individual industry influence interest Interstate Commerce Commission investigation Knights of Labor labor organizations land large number laws loans machinery manufacture margin marginal utility material means ment method modern monopoly monopoly profits nation nature nomic panic persons political economy principles profits proportion Prussia railroads rate of wages regulate rent represent seeking social society supply supply and demand tariff taxation tend tendency theory things tion trade trade unions transportation trust unions United utility vidual wants wealth wheat yield
Page 331 - that which passes freely from hand to hand throughout the community in final discharge of debts and full payment for commodities, being accepted equally without reference to the character or credit of the person who offers it and without the intention of the person who receives it to consume it or apply it to any other use than in turn to tender it to others in discharge of debts or payment for commodities.
Page 177 - For money was intended to be used in exchange, but not to increase at interest. And this term interest, which means the birth of money from money, is applied to the breeding of money because the offspring resembles the parent. Wherefore of all modes of getting wealth this is the most unnatural.
Page 101 - By labour-power ... is to be understood the aggregate of those mental and physical capabilities existing in a human being, which he exercises whenever he produces a use- value of any description"; "labour-power in use is labour itself.
Page 79 - So that there has always been land enough, and so far as we can see for hundreds of years to come there will be sufficient land to support the population. Some of the instances of the rapid increase of population would seem, however, to be a subject for thoughtfulness, at least.
Page 328 - We are told that, when the Virginia Company imported young women as wives for the settlers, the price per head was one hundred pounds of tobacco, subsequently raised to one hundred and fifty. As late as 1732, the legislature of Maryland made tobacco and Indian corn legal tenders; and in 1641 there were similar laws concerning corn in Massachusetts. The governments of some of the West India Islands seem to have made attempts to imitate these peculiar currency laws, and it was provided that the successful...
Page 251 - ... than the present unequal division, which was effected in the first place by the force of arms, by conquest. For they believe in the natural inequality of men, and regard this inequality as the very basis of association, as the indispensable condition of social order. They reject the system of community of goods, for this would be a manifest violation of the first of all the moral laws which it is their mission to teach...
Page 317 - ... the point of intersection of the demand curve and the supply curve will be the point of yy Figure VIII.
Page 447 - ... by the skillful hand as to give free scope to every- opportunity for the creation of wealth or for the advancement of all true interests of states and cities, or it may be so shaped by ignoramuses as to place a dead weight on a community in the race for industrial supremacy.
Page 298 - There is, then, one law of demand which is common to all demands, viz., that, the greater the amount to be sold, the smaller will be the price at which it will find purchasers; or, in other words, that the amount demanded increases with a fall in price, and diminishes with a rise in price.