 To the third principle or instrument of production, without which the two others are inefficient, we shall give the name of abstinence, a term by which we express the conduct of a person who either abstains from the unproductive use of what he can command,...  A Theory of Interest - Page 151by Clarence Gilbert Hoag - 1914 - 228 pagesFull view - About this book
 | English literature - 1838 - 564 pages
...condensation. The instruments of production he divides into labour, natural agents, and ' abstinence;' ie ' the conduct ' of a person who either abstains from...production of ' remote to that of immediate results.' Abstinence, in short, is a new name for that course of conduct of which the result is capital, ' and... | |
 | 1838 - 556 pages
...condensation. The instruments of production he divides into labour, natural agents, and 'abstinence;' ie 'the conduct ' of a person who either abstains from the unproductive use of 1 what he can command, or designedly prefers the production of ' remote to that of immediate results.'... | |
 | Sir Travers Twiss - Economics - 1847 - 356 pages
...of nature, and to this principle he proposes to give the name ofabstinence^ which he defines to "be the conduct •of a person, who either abstains from...unproductive use of what he can command, or designedly pre- Abstinence fers the production of remote, to that of immediate, results. A still greater divergency... | |
 | Nassau William Senior - Economics - 1854 - 256 pages
...... 58 Secondary: Abstinence. 3. Third and secondary Instrument of Production. Abstinence defined as the conduct of a person who either abstains from the...production of remote, to that of immediate results, . . 58 Abstinence, combined with one or both of the other two Instruments of Production, occasions... | |
 | Nassau William Senior - Economics - 1872 - 248 pages
...production, without ' which the two others are inefficient, we.shall give the name of AbstiI nence:(& term by which we express the conduct of a person -who either aostafns from thejinpVoducfivejise of wEat_he can command, orjlesignedly'preferi the production of... | |
 | Eugen von Böhm-Bawerk - Capital - 1890 - 488 pages
...are not supported by a third element. This third element Senior calls Abstinence, by which he means " the conduct of a person who either abstains from the...production of remote to that of immediate results" (p. 58). His explanation why he does not take the usual course of pronouncing capital to be the third... | |
 | United States, Bering Sea Tribunal of Arbitration - Bering Sea controversy - 1893 - 346 pages
...the primary productive powers, they require the concurrence of a third productive principle to give them complete efficiency. The most laborious population...production of remote to that of immediate results." After defining capital as "an article of wealth, the result of human exertion employed in the production... | |
 | Bering Sea Tribunal of Arbitration - Bering Sea controversy - 1893 - 986 pages
...the primary productive powers, they require the concurrence of a third productive principle to give them complete efficiency. The most laborious population...production of remote to that of immediate results." After denning capital as " an article of wealth, the result of human exertion employed in the production... | |
 | James Coolidge Carter - Bering Sea controversy - 1893 - 398 pages
...labour to the production of immediate results and consumed its produce as it arose, would soon lind their utmost exertions insufficient to produce even...production of remote to that of immediate results. After defining capital as " an article of wealth, the result of human exertion employed in the production... | |
 | United States - 1895 - 1012 pages
...the primary productive powers, they require the concurrence of a third productive principle to give them complete efficiency. The most laborious population...production of remote to that of immediate results." After defining capital as " an article of wealth, the result of human exertion employed in the production... | |
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