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 165
The moment their supply falls short of the quantity required , —in other words , of the demand , or that it becomes necessary to take some trouble to obtain the quantity required , they acquire an exchangeable value .
The moment their supply falls short of the quantity required , —in other words , of the demand , or that it becomes necessary to take some trouble to obtain the quantity required , they acquire an exchangeable value .
Page 166
When a desirable commodity is to be obtained * Smith and his followers have insisted much on everything having a real value , which they define to consist of the quantity of labour required to produce it ; and they accordingly call ...
When a desirable commodity is to be obtained * Smith and his followers have insisted much on everything having a real value , which they define to consist of the quantity of labour required to produce it ; and they accordingly call ...
Page 167
167 in any quantity that can be required by a proportionate outlay of labour , like water from a wine than new ? - Why an acre of land at Battersea than one on Dartmoor , -- a diamond than a bit of glass , -an antique brass coin than a ...
167 in any quantity that can be required by a proportionate outlay of labour , like water from a wine than new ? - Why an acre of land at Battersea than one on Dartmoor , -- a diamond than a bit of glass , -an antique brass coin than a ...
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Contents
PRELIMINARY DISCOURSE On the Coincidence of | 1 |
Duty of a Government the securing | 28 |
PRINCIPLES OF POLITICAL ECONOMY DEDUCED | 40 |
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advantages afford agriculture amount arts benefit called capital carried cause circumstances comforts commodities condition consequently consumed continually corn cost cultivation demand desire determine direct distribution duties Economy effect employed employment enjoyment entire equally evident evils exchange exclusive existence expense extent fact fall foreign give greater hand happiness human important improvement increase individual industry injury institutions interest kind labour land least less limited maintain manufactures means measure ment monopoly natural necessary numbers object obtain occupation owner parties perhaps period persons political poor poor-law population portion possess possible present principle probably production profit proportion quantity raised reason remain rent result share skill society soil subsistence sufficient supply term things tion trade true wages wealth whole