Principles of Political Economy

Front Cover
D.C. Heath, 1909 - Economics - 705 pages

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Contents

GENERAL NOTIONS
1
The Formation of Economic Science
7
Differences of Opinion concerning Method
13
The Various Economic Schools of Thought
22
The Wants of Man
40
What is Wealth?
46
THE FACTORS OF PRODUCTION
69
The Evolution of Ideas concerning the Productivity of Labor
75
Differences between Bank Notes and Paper Money
378
The Rate of Exchange
380
A Rise in the Rate of Discount
388
Some Special Forms of Credit 303
393
Agricultural Credit 305
395
3 Peoples Banks 306
396
4 Building Associations 307
397
Free Banks 309
399

Environment
86
The Law of Diminishing Returns
92
Motive Forces
96
The Illusions to which Machinery has given Rise
103
VIL Whether Machinery is Detrimental to the Working Classes
110
The Two Concepts of Capital
116
What is meant by the Productivity of Capital?
124
THE METHODS OF PRODUCTION
132
Crises
142
Competition
151
The Association of Capital
159
Is the Tendency toward Largescale Production Inevitable
166
The Successive Forms of the Division of Labor
173
THE CIRCULATION OF WEALTH
183
How Value is measured by Exchange
196
The Means of Transportation
206
The History of Money
213
Is Money a Superior Kind of Wealth?
219
Whether Metallic Money will continue to decline in Value
228
Greshams Law
237
VTII Why Bimetallist Countries really have but One Money
246
Whether Metallic Money can be replaced by Paper Money
258
H Whether the Creation of Paper Money is equivalent to
265
TV American Paper Money
273
How Improvements in Exchange tend to bring us back to Barter
286
How the Balance of Accounts is maintained
298
Why International Trade necessarily is detrimental to Some
307
The Doctrine of Protection
318
VIL The Doctrine of Free Trade
331
VTn The Relative Importance of Foreign and Domestic Commerce
346
CREDIT ua I Credit is only an Extension of Exchange
356
The History of Credit
359
Can Credit create Capital?
363
The Function of Banks
367
Deposits
368
Discount
370
The Issue of Bank Notes
375
The Organization of Banks
402
DISTRIBUTION PART I THE VARIOUS SYSTEMS OF DISTRIBUTION CHAPTER L THE PRESENT SYSTEM L How the Distribution of Wealth...
421
Why this System of Distribution does not seem Just
423
HI The Origin of the Right of Property
428
The Evolution of the Right of Property with Regard to its Object
430
Attributes
432
The Inequality of Wealth
437
VIL The Right to be Idle
444
VIIL The Right to Relief
447
Equal Sharing
455
Communism
459
SaintSimonism and Inheritance
464
Collectivism
467
Cooperation
478
WAGES
484
HI The Laws of Wages
492
The Increase of Wages
514
The Hours of Labor
521
Trades Unions
528
Workingmen8 Insurance
539
VHL The Future of the Wage System 646
546
INTEREST
553
History of Loans at Interest
563
THE RENT OF LAND
582
The Unearned Increment of Land
590
The Evolution of Property in Land
600
Plans for nationalizing the Land
614
VIL The Subdivision of Property in Land
620
The Laws which determine Profits
627
Profitsharing
642
The Nature and Laws of Consumption 065
655
SPENDING
670
Consumers1 Associations
677
Absenteeism
685
Institutions to facilitate Saving
692
INDEX
701

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