Political EconomyAmerican Book Company, 1917 - 134 Seiten |
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Seite 12
... bankers . But this again does not tell us what wealth is , because it is difficult to say what a bank balance consists of ; the balance is shown by a few figures in the bankers ' books . As a general rule the banker has not got in his ...
... bankers . But this again does not tell us what wealth is , because it is difficult to say what a bank balance consists of ; the balance is shown by a few figures in the bankers ' books . As a general rule the banker has not got in his ...
Seite 22
... banker does not keep it idle . The banker lends it out again to merchants , manufacturers and builders , who use it to increase their business and employ more hands . If he buy railway shares or government funds , those who receive the ...
... banker does not keep it idle . The banker lends it out again to merchants , manufacturers and builders , who use it to increase their business and employ more hands . If he buy railway shares or government funds , those who receive the ...
Seite 114
... banker gives credit and em- ploys his funds is in the discount of bills , that is , in advancing money in exchange for a definite promise to pay it back at a stated time . Suppose that John Smith has sold a thousand pounds worth of ...
... banker gives credit and em- ploys his funds is in the discount of bills , that is , in advancing money in exchange for a definite promise to pay it back at a stated time . Suppose that John Smith has sold a thousand pounds worth of ...
Inhalt
INTRODUCTION | 7 |
UTILITY | 17 |
PRODUCTION OF WEALTH | 24 |
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Adam Smith American Book Company arises BALFOUR STEWART banker become beef benefit better Book Company Cincinnati Brander Matthews bubble called capitalist carry cent cheaply circulating capital Cloth coal coins collapse commodity Company Cincinnati Chicago corn cost cotton division of labour earn employed employers employment England exchange factory farm farmer give gold increase Indirect Taxes invention iron Iron puddlers John Smith kind land laws of supply less limited in supply lockout machinery machines manage means ment metal paid payment pearls person plenty political economy poor pounds Primer produce profits quantity railways rate of interest rate of wages receive rent requisites of production rich sell sent prepaid shares shillings silver sometimes spend strike supply and demand tenant things trade trades-unions usually utility valuable wealth wine workmen York American