Principles of Political Economy: Deduced from the Natural Laws of Social Welfare and Applied to the Present State of Britain |
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Page 186
... demand for them only by a deficiency of their ' power of purchase . ' The demand for articles of ornament and con- venience is liable to much more rapid and frequent changes . The caprice of man exercises , it is well known , a far more ...
... demand for them only by a deficiency of their ' power of purchase . ' The demand for articles of ornament and con- venience is liable to much more rapid and frequent changes . The caprice of man exercises , it is well known , a far more ...
Page 198
... demand , or an acci- dental increase of the supply beyond the demand , will lower them beneath it . Such effect is , how- ever , but temporary . The constant tendency both of demand and supply is to come to an equili- brium , and the ...
... demand , or an acci- dental increase of the supply beyond the demand , will lower them beneath it . Such effect is , how- ever , but temporary . The constant tendency both of demand and supply is to come to an equili- brium , and the ...
Page 199
... DEMAND AND SUPPLY . 199 as compared to the demand , the price rising in con- sequence above the cost of production , producers are encouraged by an increase of profits to en- large their business , and invest additional capital and ...
... DEMAND AND SUPPLY . 199 as compared to the demand , the price rising in con- sequence above the cost of production , producers are encouraged by an increase of profits to en- large their business , and invest additional capital and ...
Contents
PRELIMINARY DISCOURSE ON the Coincidence of | 1 |
Primary Natural Rights1 To Personal | 13 |
Duty of a Government the securing | 28 |
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advantages afford agricultural amount arts benefit circulating circumstances colonies comforts commerce common condition consequently consumed continually corn CORN-LAWS cost cultivation demand division of labour duce duction duties effect employed employment England enjoyment equally evils exchange exclusive exertions existence expense extent favour fertility foreign greater happiness human improvement increase individual industry injury interest invested Ireland land landlord legislative less levied likewise limited machinery mankind manufactures means ment mode monopoly moral natural justice natural laws natural right necessary numbers object obtain occupation owner parish parties perhaps persons Political Economy poor poor-law poor-rate population portion possess present principle procure production profit proportion quantity raw produce rent serf skill society soil subsistence sumers supply surplus surplus labour taxation things tion tithe trade value of money villeins wages waste land wealth welfare