Occam's Razor: The Application of a Principle to Political Economy, to the Conditions of Progress, to Socialism, to Politics

Front Cover
Parker, 1890 - Economics - 179 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 39 - As most merchants are content with much less than 30 per cent., he will be able, if he wishes, to forego some of that profit, lower the price of the commodity, and drive the oldfashioned trader — the man who trades on his own capital— out of the market.
Page 72 - Distinctions that are plain and few : These find I graven on my heart : That tells me what to do. ' The Creatures see of flood and field, And those that travel on the wind ! With them no strife can last ; they live In peace, and peace of mind. ' For why ? Because the good old rule Suffices them, the simple plan That they should take who have the power, And they should keep who can.
Page 39 - If a merchant have £50,000 all his own, to gain 10 per cent, on it he must make £5,000 a year, and must charge for his goods accordingly ; but if another has only £10,000, and borrows £40,000 by discounts (no extreme instance in our modern trade), he has' the same capital of £50,000 to use, and can sell much cheaper. If the rate at which he borrows be 5 per cent., he will have to pay £2,000 a year; and if, like the old trader, he...
Page 68 - Circumstances (which with some gentlemen pass for nothing) give in reality to every political principle its distinguishing colour, and discriminating effect. The circumstances are what render every civil and political scheme beneficial or noxious to mankind.
Page 38 - English trade is carried on upon borrowed capital to an extent of which few foreigners have an idea, and none of our ancestors could have conceived. In every district small traders have arisen who "discount their bills" largely, and with the capital so borrowed, harass and press upon, if they do not eradicate, the old capitalist. The new trader has obviously an immense advantage in the struggle of trade. If a merchant have £50,000...
Page 72 - He tamed, who foolishly aspires ; While to the measure of his might Each fashions his desires. All kinds, and creatures, stand and fall By strength of prowess or of wit : 'Tis God's appointment who must sway, And who is to submit. Since, then, the rule of right is plain, And longest life is but a day ; To have my ends, maintain my rights, I'll take the shortest way.
Page 42 - Intellectus humanus ex proprietate sua facile supponit majorem ordinem et aequalitatem in rebus, quam invenit : et cum multa sint in natura monodica, et plena imparitatis, tamen affingit parallela, et correspondentia, et Relativa, quae non sun t. Hine eom menta illa, in cœlestibus omnia moveri per circuios perfectos, lincis spiralibus et draconibus (nisi nomine tenus) prorsus rejectiğ.
Page 162 - They thought in short that it were better to " bear the ills they had than fly to others that they knew not of.
Page 21 - cash" of international trade; paper currencies are of no use there, and coins pass only as they contain more or less bullion. When then the legal tender of a country is purely metallic, all that is necessary is, that banks should keep a sufficient store of that "legal tender...
Page 107 - THE produce of labour constitutes the natural recompense or wages of labour. In that original state of things, which precedes both the appropriation of land and the accumulation of stock, the whole produce of labour belongs to the labourer. He has neither landlord nor master to share with him.

Bibliographic information