Principles of Political Economy: With Some of Their Applications to Social Philosophy (Google eBook)

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Longmans, Green and Company, 1885 - Economics - 591 pages
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1 Introductory Remarks
First case population increasing capital stationary
Abstraction of capital not necessarily a national loss
The theory of dependence and protection no longer applicable
nable incomes?
Of Taxes on Commodities
Taxes on contracts
Is it desirable to defray extraordinary public expenses by loans?
1 Laws of Inheritance
Law of compulsory equal division of inheritances
Laws of Partnership
Partnerships with limited liability Chartered Companies
Partnerships in commandite
Laws relating to insolvency
Doctrine of Protection to Native Industry
Usury Laws
At tempis to regulate the prices of commodities
Monopolies 5132
Governmental intervention distinguished into authoritative and unauthoritative
Objections to government interventionthe compulsory character of the intervention itself or of the levy of funds to support it
increase of the power and influence of government
superior efficiency of private agency owing to stronger interest in the work
importance of cultivating habits of collective action in the people
Laisserfaire the general rule 673
Case of persons exercising power over others Protection of children and young persons of the lower animals Case of women not analogous
Case of contracts in perpetuity
hours of labour disposal of colonial lands
Case of acts done for the benefit of others than the persons con cerned Poor Laws
5 other miscellaneous examples
6 Government intervention may be necessary in default of private agency in cases where private agency would be more suitable

Common terms and phrases

Popular passages

Page 483 - The subjects of every State ought to contribute to 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.
Page 483 - The tax which each individual is bound to pay ought to be certain, and not arbitrary. The time of payment, the manner of payment, the quantity to be paid, ought all to be clear and plain to the contributor, and to every other person.
Page 573 - Letting alone, in short, should be the general practice: every departure from it, unless required by some great good, is a certain evil.
Page 197 - I cordially subscribe to the remark of one of the greatest thinkers of our time, who says of the supposed differences of race, "of all vulgar modes of escaping from the consideration of the effect of social and moral influences on the human mind, the most vulgar is that of attributing the diversities of conduct and character to inherent natural differences.
Page 483 - Every tax ought to be levied at the time, or in the manner, in which it is most likely to be convenient for the contributor to pay it.
Page 455 - Hitherto it is questionable if all the mechanical inventions yet made have lightened the day's toil of any human being. They have enabled a greater population to live the same life of drudgery and imprisonment, and an increased number of manufacturers and others to make large fortunes.
Page 484 - Thirdly, by the forfeitures and other penalties which those unfortunate individuals incur who attempt unsuccessfully to evade the tax, it may frequently ruin them, and thereby put an end to the benefit which the community might have received from the employment of their capitals.
Page 123 - The laws and conditions of the Production of wealth partake of the character of physical truths. There is nothing optional or arbitrary in them.
Page 575 - Now any well-intentioned and tolerably civilized government may think without presumption that it does or ought to possess a degree of cultivation above the average of the community which it rules, and that it should, therefore, be capable of offering better education and better instruction to the people, than the greater number of them would spontaneously select. Education, therefore, is one of those things which it is admissible in principle that a government should provide for the people.
Page 378 - Gold and silver having been chosen for the general medium of circulation, they are, by the competition of commerce, distributed in such proportions amongst the different countries of the world, as to accommodate themselves to the natural traffic which would take place if no such metals existed, and the trade between countries were purely a trade of barter.

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