Value and Distribution: An Historical, Critical, and Constructive Study in Economic Theory, Adapted for Advanced and Post-graduate Work |
Contents
| 141 | |
| 143 | |
| 149 | |
| 152 | |
| 159 | |
| 164 | |
| 165 | |
| 171 | |
| 43 | |
| 45 | |
| 54 | |
| 56 | |
| 60 | |
| 63 | |
| 64 | |
| 66 | |
| 68 | |
| 69 | |
| 74 | |
| 77 | |
| 81 | |
| 83 | |
| 87 | |
| 89 | |
| 95 | |
| 97 | |
| 101 | |
| 107 | |
| 108 | |
| 116 | |
| 122 | |
| 129 | |
| 131 | |
| 135 | |
| 137 | |
| 138 | |
| 173 | |
| 179 | |
| 186 | |
| 192 | |
| 195 | |
| 202 | |
| 214 | |
| 222 | |
| 232 | |
| 238 | |
| 244 | |
| 250 | |
| 256 | |
| 265 | |
| 274 | |
| 281 | |
| 294 | |
| 304 | |
| 305 | |
| 306 | |
| 307 | |
| 308 | |
| 309 | |
| 310 | |
| 312 | |
| 316 | |
Other editions - View all
Common terms and phrases
amount assumption Austrian economists Austrian school Böhm-Bawerk capitalist chapter concept condition of free consumers consumption contention corn cost of production cost theory determination of price differential surplus discussion distribution doctrine of rent duction economic theory employed enter entrepreneur existence fact factors of production forms of surplus free competition freely reproducible ginal utility given commodity Hence Hufeland increase in value J. S. Mill law of cost law of rent limits Malthus Mangoldt marginal cost marginal pair marginal surplus Marginal Utility Theory ment modity nature necessary normal value objective exchange value paradoxes of value phenomena present price is determined price-determined proposition quantity question relative monopoly strength residual claimant result Ricardo scarcity values secured sumer surplus value term profit term rent Theory of Capital theory of interest theory of value Thornton tion total utility total value true Unternehmer valuation value and price Wages Fund Doctrine wages-rent words writes
Popular passages
Page 132 - Rent, it is to be observed, therefore, enters into the composition of the price of commodities in a different way from wages and profit. High or low wages and profit are the causes of high or low price; high or low rent is the effect of it.
Page 79 - Rent, it is to be observed, therefore, enters into the composition of the price of commodities in a different way from wages and profit. High or low wages and profit are the cause of high or low price ; high or low rent is the effect of it.
Page 89 - 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 142 - These commodities, however, form a very small part of the mass of commodities daily exchanged in the market. By far the greatest part of those goods, which are the object of desire, are procured by labor ; and they may be multiplied, not in one country alone, but in many, almost without
Page 253 - at any given moment a predetermined amount. More than that amount it is assumed that the wagesreceiving class cannot possibly divide among them; that amount, and no less, they cannot but obtain. So that, the sum to be divided being fixed, the wages of each depends solely upon the
Page 136 - of money itself, and not from the natural use of it. For money was intended to be used in exchange, but not to increase at interest. And this term usury, which means the birth of money from money, is applied to the breeding of money because the offspring resembles the parent. Wherefore of all modes of making money this is the most unnatural.
Page 279 - That the superior power of population cannot be checked without producing misery or vice, the ample portion of these two bitter ingredients in the cup of human life, and the continuance of the physical causes that seem to have produced them, bear too convincing a testimony.
Page 229 - Universally, then, we may affirm, other things remaining the same, that if the ratio which capital and population bear to one another remains the same, wages will remain the same; if the ratio' which capital bears to population increases, wages will rise; if the ratio which population bears to capital increases, wages will fall.
Page 254 - (employer) had intended to devote to carrying on his business, but the whole of what he allows for his private expenses, beyond the necessaries of life. The real limit to the rise is the practical consideration, how much would ruin him or drive him to abandon the business; not the inexorable limit of the wages fund.
Page 88 - Raw material enters into the composition of most commodities, but the value of that raw material, as well as corn, is regulated by the productiveness of the portion of capital last employed on the land and paying no rent; and therefore rent is not a component part of the price of commodities.