Principles of Political Economy, Volume 2 |
Contents
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Principles of Political Economy: With Some of Their Applications ..., Volume 1 John Stuart Mill No preview available - 2015 |
Common terms and phrases
17 yards Adam Smith advantage agricultural amount assignats bank notes Bank of England bankers benefit bills bullion capitalists cause cheaper cheapness cheques circulation circumstances classes coin commerce consumers corn cost of carriage cost of labour cost of production crease days labour dealers debt depend depreciation diminished duction effect employment enable equal equivalent exchange value exist expense exports fall favourable foreign commodities foreign countries France Fullarton gain Germany gold and silver imports improvement income increase industry international demand issue issuers labour and capital land law of value less loans lower means ment millions modities obtain paid payment persons Poland population portion pounds sterling precious metals produce proportion quantity raised rate of interest rate of profit rent rise of prices savings seignorage sell speculation supply suppose supposition theory things tion trade transactions value of money whole yards of cloth yards of linen
Popular passages
Page 336 - I confess I am not charmed with the ideal of life held out by those who think that the normal state of human beings is that of struggling to get on; that the trampling, crushing, elbowing, and treading on each other's heels, which form the existing type of social life, are the most desirable lot of human kind, or anything but the disagreeable symptoms of one of the phases of industrial progress...
Page 358 - 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.
Page 538 - The superiority of one country over another in a branch of production often arises only from having begun it sooner. There may be no inherent advantage on one part or disadvantage on the other, but only a present superiority of acquired skill and experience.
Page 189 - 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.
Page 395 - 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 395 - Fourthly, by subjecting the people to the frequent visits and the odious examination of the tax-gatherers, it may expose them to much unnecessary trouble, vexation, and oppression...
Page 569 - Laisser-faire, in short, should be the general practice: every departure from it, unless required by some great good, is a certain evil.
Page 412 - The ordinary progress of a society which increases in wealth, is at all times tending to augment the incomes of landlords; to give them both a greater amount and a greater proportion of the wealth of the community, independently of any trouble or outlay incurred by themselves. They grow richer, as it were in their sleep, without working, risking, or economizing.
Page 341 - I use those phrases in compliance with custom, and as descriptive of an existing, but by no means a necessary or permanent state of social relations. I do not recognise as either just or salutary, a state of society in which there is any 'class...
Page 338 - I know not why it should be matter of congratulation that persons who are already richer than any one needs to be, should have doubled their means of consuming things which give little or no pleasure except as representative of wealth...