Principles of Political Economy with Some of Their Applications to Social Philosophy

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Lee & Shepard, 1872 - Economics - 591 pages
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through the Commercial World
The rate of interest depends on the demand and supply of loans
Of the Regulation of a Convertible
Hhould the issue of bank notes be confined to a single esta
First case population increasing capital stationary 430 2 Second case capital increasing population stationary 432 3 Third case population and capital ...
Abstraction of capital not necessarily a national loss
The theory of dependence and protection no longer applicable to the condition of modern society 455 2 The future wellbeing of the labouring classe...
Of the Functions of Government in general 1 Necessary and optional functions of government distinguished 479 2 Multifarious character of the nec...
Division of the subject 482 Chapter II Of the General Principles of Taxation 1 Four fundamental rules of taxation 483 2 Grounds of the principle of ...
Of Taxes on Commodities
Of some other Taxes
Arguments for and against direct taxation 521 2 What forms of indirect taxation most eligible 523 3 Practical rules for indirect taxation 524 Chapter ...
Erroneous Theories 1 Doctrine of Protection to Native Industry 552 2 Usury Laws 558 3 Attempts to regulate the prices of commodities 561 4 Mon...
Governmental intervention distinguished into authoritative and unauthoritative 567 2 Objections to government interventionthe compulsory characte...
Government intervention may be necessary in default of private agency in cases where private agency would be more suitable

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Page 77 - facilitate and abridge labour, and enable one man to do the work of many." Of these, the increase of dexterity of the individual workman is the most obvious and universal. It does not follow that because a thing has been done
Page 95 - undertaken by desire of the Academy of Moral and Political Sciences of the Institute of France, have led to the conclusion that since the Revolution of 1789, the total produce of French agriculture has doubled ; profits and wages having both increased in about the same, and rent in a still greater ratio. M. de Lavergne,
Page 485 - believed, add so great an element of success to the undertaking as to increase rather than diminish the dividend to the shareholders." 6. The form of association, however, which if mankind continue to improve, must be expected in the end to predominate, is not that which can
Page 169 - years lease of a garden, and he will convert it into a desert." In his description of the country at the foot of the Western Pyrenees, he speaks no longer from surmise, but from knowledge. " Take* the road to Meneng, and come presently to a scene which was
Page 209 - then, depend mainly upon the demand and supply of labour; or as it is often expressed, on the proportion between population and capital. By population is here meant the number only of the labouring class, or rather of those who work for hire ; and by capital, only circulating capital, and not even the whole of that, but
Page 474 - representative of wealth ; or that numbers of individuals should pass over, every year, from the middle classes into a richer class, or from the class of the occupied rich to, that of the unoccupied. It is only in the backward countries of the world that increased production is still an important object : in those most advanced, what is economically needed
Page 503 - 3. 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. A
Page 155 - mountains which protected it. Neither high-born nobleman, knight, nor esquire was here; but many of these humble sons of the hills had a consciousness that the land which they walked over and tilled had for more than five hundred years been possessed by men of their name and blood.
Page 473 - of ambition, the path to its attainment should be open to all, without favour or partiality. But the best state for human nature is that in which, while no one is poor, no one desires to be richer, nor has any reason to fear being thrust back, by the efforts of others to push themselves forward. 2. I cannot, therefore, regard the
Page 213 - among whom they are shared. The condition of the class can be bettered in no other way than by altering that proportion to their advantage : and every scheme for their benefit, which does not proceed on this as its foundation, is, for all permanent purposes, a delusion.

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