Political EconomyAmerican Book Company, 1917 - 134 Seiten |
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Seite 99
... exchange at a certain value , and demand means similarly the quantity of goods which people are willing to take in exchange ; but , before a person can judge how much he wishes to buy of a particular kind of goods , he must know its ...
... exchange at a certain value , and demand means similarly the quantity of goods which people are willing to take in exchange ; but , before a person can judge how much he wishes to buy of a particular kind of goods , he must know its ...
Seite 104
... exchange . It is very unlikely that he who has a telescope will just happen to want that particular book . A second difficulty is , that the book will probably not be worth just as much as the telescope , and neither more nor less . He ...
... exchange . It is very unlikely that he who has a telescope will just happen to want that particular book . A second difficulty is , that the book will probably not be worth just as much as the telescope , and neither more nor less . He ...
Seite 105
... exchange , he who receives money is said to sell goods , and he who pays money is said to buy or to purchase . In each case there is an act of exchange , and sales and purchases are not really different in nature from acts of barter ...
... exchange , he who receives money is said to sell goods , and he who pays money is said to buy or to purchase . In each case there is an act of exchange , and sales and purchases are not really different in nature from acts of barter ...
Inhalt
INTRODUCTION | 7 |
UTILITY | 17 |
PRODUCTION OF WEALTH | 24 |
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Adam Smith American Book Company arises BALFOUR STEWART banker become beef better 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 natural agent 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