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100 days labour 17 yards Adam Smith advantage agricultural amount bank notes Bank of England bankers benefit bills bullion capitalists cause cheaper cheapness circulation circumstances commerce consequence consumers corn corn laws cost of carriage cost of production currency debt degree depend diminished dities duction economical effect employed employment England equal equivalent exchange exchange value existing expense exports fall favour foreign commodities foreign countries France Germany gold greater imports improvement income increase industry labour and capital land law of value less loans lower means ment million mode necessary obtain Octavo payment persons Poland political economy population portion pounds sterling precious metals present principle produce proportion purchase quantity raise rate of interest rate of profit rent saving speculation supply suppose supposition taxation things tion trade value of money wages whole yards of cloth yards of linen
Seite 323 - There is room in the world, no doubt, and even in old countries, for a great increase of population, supposing the arts of life to go on improving, and capital to increase. But even if innocuous, I confess I see very little reason for desiring it.
Seite 554 - Letting alone, in short, should be the general practice: every departure from it, unless required by some great good, is a certain evil.
Seite 379 - Every tax ought to be so contrived as both to take out and to keep out of the pockets of the people as little as possible, over and above what it brings into the public treasury of the State.
Seite 10 - Money is a commodity, and its value is determined like that of other commodities, temporarily by demand and supply, permanently and on the average by cost of production.
Seite 326 - ... the other. The rich should be in loco parentis to the poor, guiding and restraining them like children. Of spontaneous action on their part there should be no need. They should be called on for nothing but to do their day's work, and to be moral and religious. Their morality and religion should be provided for them by their superiors, who should see them properly taught it, and should do all that is necessary to ensure their being, in return for labour and attachment, properly fed, clothed, housed,...
Seite 329 - ... when they were brought together in numbers, to work socially under the same roof; when railways enabled them to shift from place to place, and change their patrons and employers as easily as their coats; when they were encouraged to seek a share in the government, by means of the electoral franchise.
Seite 378 - The subjects of every state ought to contribute towards the support of the government, as nearly as possible, in proportion to their respective abilities; that is, in proportion to the revenue which they respectively enjoy under the protection of the state.
Seite 122 - It is commerce which is rapidly rendering war obsolete, by strengthening and multiplying the personal interests which are in natural opposition to it.
Seite 343 - THE form of association, however, which, if mankind continue to improve, must be expected in the end to predominate, is not that which can exist between a capitalist as chief and workpeople without a voice in the management, but the association of the labourers themselves on terms of equality, collectively owning the capital with which they carry on their operations, and working under managers elected and removable by themselves.