Principles of Political Economy: With Some of Their Applications to Social Philosophy, Volume 1 |
Contents
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Common terms and phrases
Adam Smith advantage agricultural amount capital capitalist causes circulating capital competition condition considerable consumed consumption cultivation dealers degree demand desire of accumulation diminished division of labour duction ductive effect employment England equal equivalent exertion exist expense farmer farms favourable flax France fund greater habits human hundred quarters idle class improvement income increase individual industry instruments interest Ireland kind labour employed labouring classes land landlord less limited mankind manufactures manure materials means ment metayer mode nations natural agents necessary objects obtained occupation operations paid peasant peasant proprietors persons plough political economy Poor Law population portion possession present principle produce productive labour productive power profit proportion purpose quantity rate of profit remuneration render rent require saving slavery slaves society soil subsistence sufficient supply suppose surplus taxes things tion unproductive wages wealth whole
Popular passages
Page 491 - gain in some, and counterbalance a great one in others." These circumstances he considers to be : " First, the agreeableness or disagreeableness of the employments themselves; secondly, the easiness and cheapness, or the difficulty and expense of learning them ; thirdly, the constancy or inconstancy of
Page 163 - a vicious system of taxation on the land, and still more the dred-weight. But the greatest evil arose from the circumstance of these processes rendering old and worthless seed equal in appearance to the best. One witness had tried some doctored seed, and found that not above one grain in a hundred grew, and
Page 515 - which he can afford to expend in necessaries or pleasures, or from which by further saving he can add to his wealth. As the wages of the labourer are the remuneration of labour, so the profits of the capitalist are properly, according to Mr. Senior's well-chosen expression, the remuneration of abstinence. They are what
Page 359 - very obligingly showed nie. between the town and that place is a great number of neat little houses, built each with its garden, and one or two fields enclosed, of most wretched blowing dune sand, naturally as white as snow, but improved by industry. The magic of property
Page 179 - except in a merely manual sense, more skilful labourers, and in all senses whatever more energetic. Mr. Babbage, following in the track of Adam Smith, says, "When the human hand, or the human head, has been for some time occupied in any kind of work, it cannot instantly change its employment
Page 350 - of this is covered with young broom, part is planted with potatoes, and perhaps a small patch of diminutive clover may show itself: " but manures, both solid and liquid, are collecting, " and this is the nucleus from which, in a few years, a little farm will spread around. ... If there is no manure at
Page 118 - most cases have survived so long, if fresh labour had not been employed within that period in putting them into repair. The land subsists, and the land is almost the only thing that subsists. Everything which is produced perishes, and most things very quickly. Most kinds of capital
Page 497 - frequently to recommend a trade to them. A tender mother, among the inferior ranks of people, is often afraid to send her son to school at a sea-port town, lest the sight of the ships and the conversation and adventures of the
Page 279 - civilization advances become more moderate and more amenable to control) it increases instead of diminishing in intensity, as the intelligence and the moral faculties are more developed. The perfection both of social arrangements and of practical morality would be, to secure to all persons complete independence and
Page 422 - p. 851. any amount of industry or prudence, and what lose by any recklessness ? If the landlord at any time exerted his full legal rights, the cottier would not be able even to live. If by extra exertion he doubled the produce of his bit of land, or if he prudently abstained from producing