SOCIAL ECONOMICS

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Page 215 - 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 148 - A currency is in its most perfect state when it consists wholly of paper money, but of paper money of an equal value with the gold which it professes to represent. The use of paper instead of gold substitutes the cheapest in place of the most expensive medium, and enables the country, without loss to any individual, to exchange all the gold which it before used for this...
Page 48 - I shall, therefore, in this treatise, when speaking of wealth, understand by it only what is called material wealth, and by productive labour only those kinds of exertion which produce utilities embodied in material objects. But in limiting myself to this sense of the word, I mean to avail myself...
Page 74 - The word VALUE, it is to be observed, has two different meanings, and sometimes expresses the utility of some particular object, and sometimes the power of purchasing other goods which the possession of that object conveys. The one may be called "value in use"; the other, "value in exchange.
Page 285 - Thus do we find, not only that the analogy between a society and a living creature is borne out to a degree quite unsuspected by those who commonly draw it, but also, that the same definition of life applies to both. This union of many men into one community — this increasing mutual dependence of units which were originally independent — this...
Page 210 - It is because high or low wages and profit must be paid, in order to bring a particular commodity to market, that its price is high or low. But it is because its price is high or low; a great deal more, or very little more, or no more, than what is sufficient to pay those wages and profit, that it affords a high rent, or a low rent, or no rent at all.
Page xiv - When the children are old enough to shift for themselves, they usually separate, neither one afterwards thinking of the other. At night they sleep under some large tree, the branches of which hang low.
Page 252 - ... per each person was $4, but the men pay the whole bill. How much does each man have to pay? 195. A board is 15 inches wide at one end and 9 inches at the other. What is its average width ? 196. Below are the prices per pound of certain commodities in Massachusetts for the years mentioned, as given in the Report of the Massachusetts Bureau of Statistics of Labor for 1884. Find to two decimal places the purchasing power of one dollar in pounds of each commodity for each year named. Price per pound...
Page 22 - Order and good government, and along with them the liberty and security of individuals, were, in this manner, established in cities, at a time when the occupiers of land in the country were exposed to every sort of violence.
Page 42 - Labour is there so well rewarded, that a numerous family of children, instead of being a burthen, is a source of opulence and prosperity to the parents. The labour of each child, before it can leave their house, is computed to be worth a hundred pounds clear gain to them.

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