Political Economy |
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
able according advantage arises arrangement banker become benefit better called capital capitalist carry causes clothes comes commodity consider consists corn cost course deal demand difficult division of labour doubt earn employed employers employment England English equal exchange fact factory fall farm fixed give gold hand important improvements increase interest invention iron keep kind land laws less live loss machines manage materials matter means natural necessary object paid person political economy poor possible pounds present probably produce profits quantity railways raise Reader reason receive rent requisite rich sell shares shillings silver sometimes spend strike supply things trade trades-unions usually valuable wages wealth whole workmen
Popular passages
Page 59 - ... first, the agreeableness or disagreeableness of the employments themselves; secondly, the easiness and cheapness, or the difficulty and expense of learning them; thirdly, the constancy or inconstancy of employment in them; fourthly, the small or great trust which must be reposed in those who exercise them; and fifthly, the probability or improbability of success in them.
Page 129 - 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 130 - Every tax ought to be levied at the time, or in the manner, in which it is most likely to be convenient for the contributor to pay it.
Page 34 - ... the invention of a great number of machines which facilitate and abridge labour, and enable one man to do the work of many.
Page 130 - 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 128 - 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 they respectively enjoy under the protection of the State .... In the observation or neglect of this maxim, consists what is called the equality 'or inequality of taxation.
Page 58 - Secondly, the wages of labour vary with the easiness and cheapness, or the difficulty and expense of learning the business. When any expensive machine is erected, the extraordinary work to be performed by it before it is worn out, it must be expected, will replace the capital laid out upon it, with at least the ordinary profits.