First Principles of Political Economy: Concisely Presented for the Use of Classes in High Schools and Academies

Front Cover
Sheldon, 1880 - Economics - 213 pages

What people are saying - Write a review

We haven't found any reviews in the usual places.

Other editions - View all

Common terms and phrases

Popular passages

Page 119 - 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.
Page 119 - 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.
Page 119 - 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.
Page 119 - Every tax ought to be so contrived as both to take out and 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.
Page 207 - Some exceedingly interesting and important subjects are fully treated, which, in other books of a similar character, are either barely hinted at or are entirely omitted. 8th. These works are not mere compilations, but have the stamp of originality, differing in some essential points from all other works of their class. 9th. In beauty and clearness of style, which are qualities of no small importance in books for instruction, they will rank as models.
Page 189 - July 14, 1890, are legal tender for all debts, public and private, except where otherwise expressly stipulated in the contract. United States notes are legal tender for all debts, public and private, except duties on imports and interest on the public debt.
Page 207 - BAIRD'S CLASSICAL MANUAL. (200 pages.) This is a student's hand-book, presenting, in a concise form, an epitome of Ancient Geography, the Mythology, Antiquities, and Chronology of the Greeks and Romans. BOOKER'S NEW PHYSIOLOGY. 376 Pages. Revised, corrected, and put into the most perfect form for text-book use, by J. A. SEWALL, M. D,, of the Illinois State Normal University.
Page 207 - The skill with which the interesting points of the subject are brought out. 3d. The exclusion of all useless matter; other books on this subject having much in them which is useful only to medical students. 4th. The exclusion, so far as is possible, of strictly technical terms.
Page 35 - He unroofs the houses, and ships the population to America. The nation is accustomed to the instantaneous creation of wealth. It is the maxim of their economists, "that the greater part in value of the wealth now existing in England, has been produced by human hands within the last twelve months.
Page 133 - The natural value of some things is a scarcity value; but most things naturally exchange for one another in the ratio of their cost of production, or at what may be termed their Cost Value.

Bibliographic information