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" The labour and capital, therefore, which formerly produced necessaries for the use of these bricklayers, are deprived of their market, and must look out for other employment; and they find it in making velvet for the new demand. I do not mean that the... "
The Resources of a Nation: A Series of Essays - Seite 177
von Rowland Hamilton - 1863 - 404 Seiten
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A Manual of Political Economy

Erasmus Peshine Smith - 1853 - 284 Seiten
...expended it in food and necessaries, which they now either go without, or squeeze by -their competition from the shares of other labourers. The labour and...to do one of two things — to make the velvet or produce the necessaries for the journeymen bricklayers — but not to do both. It was at the option...
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A Manual of Political Economy

Erasmus Peshine Smith - 1853 - 282 Seiten
...expended it in food and necessaries, which they now either go without, or squeeze by their competition from the shares of other labourers. The labour and...existence to do one of two things — to make the velveTor produce the necessaries for the journeymen bricklayers — but not to do both. It was at the...
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A Manual of Political Economy

Erasmus Peshine Smith - 1868 - 274 Seiten
...expended it in food and necessaries, which they now either go without, or squeeze by their competition from the shares of other labourers. The labour and...to do one of two things — to make the velvet or produce the necessaries for the journeymen bricklayers — but not to do both. It was at the option...
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A Survey of Political Economy

Sir John Macdonell - 1871 - 488 Seiten
...necessarily augments wages more than the latter. " There was capital in existence," says Mr. Mill, " to do one of two things — to make the velvet, or to produce necessaries for the gaining bricklayers, but not to do both." True, but there may have been wealth in existence to do two...
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A Manual of Political Economy

Erasmus Peshine Smith - 1872 - 316 Seiten
...I do not mean that the very same labour and capital which produced the necessaries turn«themselves to producing the velvet ; but in some one or other...to do one of two things — to make the velvet or produce the necessaries for the journeymen bricklayers — but not to do both. It was at the option...
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The Premises of Free Trade Examined

George Basil Dixwell - 1881 - 48 Seiten
...amount of capital necessary for a larger production of velvet is set free. " There was," he says, " capital in existence to do one of two things, — to make the velvet or produce necessaries for the bricklayers, — but not to do both!" Imagine the case of a young man,...
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Principles of Political Economy: With Some of Their Applications to ..., Band 1

John Stuart Mill - 1886 - 646 Seiten
...the use of these bricklayers, are deprived of their market, and must look out for other emplovment ; and they find it in making velvet for the new demand....make the velvet, or to produce necessaries for the journeyman bricklayers ; but not to do both. It was at the option of the consumer which of the two...
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The Fallacy of Saving: A Study in Economics

John Mackinnon Robertson - 1892 - 182 Seiten
...food for the now forsaken bricklayers — such being the natural and inevitable course of commerce ' " There was capital in existence to do one of two things...for the journeymen bricklayers, but not to do both." Here, perhaps, the inquiring mind pauses to raise this problem : If the capital of the bricklayers'...
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The Theory of Wages and Its Application to the Eight Hours Question and ...

Herbert Metford Thompson - 1892 - 176 Seiten
...earth he shall do with the third. But now a difficulty about the capital crops up again. Mill says " There was capital in existence to do one of two things,...the journeymen bricklayers," but " not to do both." Now as to that there have already been two capitals in use, the one employed in the plant of the master-bricklayer's...
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The Fallacy of Saving: A Study in Economics

John Mackinnon Robertson - 1892 - 172 Seiten
...transferable from one employment to another totally different. " There was," he says at one juncture, " capital in existence to do one of two things — to...make the velvet, or to produce necessaries for the bricklayers, but not to do both." He must have meant money-credit, or money-claim, which could be turned...
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