Political Economy |
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Common terms and phrases
Adam Smith advantage amount assignats bank Bank of England banker become better bills buying and selling called capital capitalists cents circulation coins commercial commodities Congress consequently cost of production cottons debt demand desires dollar duties efforts elements England English equal exchange exports foreign France free trade gain give gold and silver Gresham's law Hamilton Tariff hand important increase industry interest issue land law of value legal tender less lessen loan manufactures Massachusetts means measure ment Morrill Tariff motive namely natural paid paper money parties persons physiocrats Political Economy principles profits protectionist protective purchase purchasing-power rate of wages reason received relative render revenue rise secure silks sold supply tariff tariff-taxes taxation taxes tion United utility Walker Tariff whole woollens word
Popular passages
Page 188 - ... the invention of a great number of machines which facilitate and abridge labour, and enable one man to do the work of many.
Page 281 - Rent is that portion of the produce of the earth, which is paid to the landlord for the use of the original and indestructible powers of the soil.
Page 579 - He had been eight years upon a project for extracting sunbeams out of cucumbers, which were to be put into vials hermetically sealed, and let out to warm the air in raw inclement summers.
Page 166 - Speed on the ship! But let her bear No merchandise of sin, No groaning cargo of despair Her roomy hold within; No Lethean drug for Eastern lands, Nor poison-draught for ours; But honest fruits of toiling hands And Nature's sun and showers.
Page 544 - Whereas it is necessary for the support of government, for the discharge of the debts of the United States, and the encouragement and protection of manufactures, that duties be laid on goods, wares, and merchandises imported: Be it enacted, etc.
Page 405 - An act to provide a national currency secured by a pledge of United States bonds, and to provide for the circulation and redemption thereof,
Page 534 - Britain, to pay for the manufactures which they are obliged to take from thence, they eventually contribute very largely to all supplies granted there to the crown. XI. That the restrictions imposed by several late acts of Parliament on the trade of these colonies, will render them unable to purchase the manufactures of Great Britain.
Page 53 - ... in his hands. Nor is he less anxious to dispose of the money he may get for it; for the value of money is also perishable. But the only way of getting rid of money is in the purchase of some product or other. Thus, the mere circumstance of the creation of one product immediately opens a vent for other products.
Page 462 - To lay with one hand the power of the government on the property of the citizen, and with the other to bestow it upon favored individuals to aid private enterprises and build up private fortunes, is none the less a robbery because it is done under the forms of law and is called taxation.
Page 518 - In law, what plea so tainted and corrupt, But, being season'd with a gracious voice, Obscures the show of evil? In religion, What damned error, but some sober brow Will bless it, and approve it with a text...