A Manual of Political Economy |
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Common terms and phrases
acre Adam Smith advantage amount of labour animal average banker bushels capital capitalist cent cheap clothing coin commodities consumers consumption corn Corn Laws cost cotton crop cultivation demand diminished division of labour domestic duty Economists Edinburgh Review effect employed employment enable England English equal exchange expense exportation fact fertility force foreign trade France furnish give greater hectolitre human improvement increase individual industry interest J. S. Mill land latter laws less Louis XV M'Culloch machinery Malthus manufacture materials ment Mill nation natural agents necessary object obtain operation paid period persons Political Economy population portion possession pounds procure production progress proportion purchase purpose quantity rate of profit reduce regard rent require result Ricardo secure sell soil subsistence sufficient supply supposed surplus things tion transportation usury vegetable wages wealth Wealth of Nations wheat whole York
Popular passages
Page 17 - He is the freeman whom the truth makes free, And all are slaves beside. There's not a chain That hellish foes, confederate for his harm, Can wind around him, but he casts it off With as much ease as Samson his green withes.
Page 77 - 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 61 - ... it is the law of production from the land, that in any given state of agricultural skill and knowledge...
Page 135 - The patrimony of a poor man lies in the strength and dexterity of his hands; and to hinder him from employing this strength and dexterity in what manner he thinks proper without injury to his neighbour, is a plain violation of this most sacred property.
Page 216 - ... from having begun it sooner. There may be no inherent advantage on one part, or disadvantage on the other, but only a present superiority of acquired skill and experience. A country which has this skill and experience yet to acquire may, in other respects, be better adapted to the production than those which were earlier in the field ; and besides, it is a just remark of Mr.
Page 90 - ... second, and it is regulated as before by the difference in their productive powers. At the same time, the rent of the first quality will rise, for that must always be above the rent of the second by the difference between the produce which they yield with a given quantity of capital and labor.
Page 255 - The administration of private justice between the citizens of the same State, the supervision of agriculture and of other concerns of a similar nature, all those things, in short, which are proper to be provided for by local legislation, can never be desirable cares of a general jurisdiction.
Page 178 - ... with quite different tools. A country weaver, who cultivates a small farm, must lose a good deal of time in passing from his loom to the field, and from the field to his loom. When the two trades can be carried on in the same workhouse, the loss of time is no doubt much less. It is even in this case, however, very considerable. A man commonly saunters a little in turning his hand from one sort of employment to another.
Page 20 - It makes entire abstraction of every other human passion or motive; except those which may be regarded as perpetually antagonizing principles to the desire of wealth, namely, aversion to labour, and desire of the present enjoyment of costly indulgences.
Page 267 - A country cannot be expected to renounce the power of taxing foreigners, unless foreigners will in return practise towards itself the same forbearance. The only mode in which a country can save itself from being a loser by the revenue duties imposed by other countries on its commodities, is to impose corresponding revenue duties on theirs.