On Some Neglected British Economists1903 - Economics - 56 pages |
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accumulated Adam Smith applied attempt attention Bailey Butt Cannan capitalist claims commodities conclusions Corn Trade cost of production Cotterill Craig Critical Dissertation demand diminish discussion distinction economists England English equal Essay existence Ibid increase industry Isaac Butt Jevons labour theory land law of rent lectures Lloyd Longfield Malthus marginal productivity marginal utility McCulloch Michaelmas Term modern National natural price neglected Notion of Value objects ounce Palgrave's Dictionary passage Physiocrats Political Economy powers of capital Principles productivity theory published quantity Ramsay rate of profits Ravenstone Read Read's Ricardian economics Ricardian theory Ricardo Robert Torrens Rooke says sense soil statement supply surplus taxation taxes theory of interest theory of marginal theory of profits theory of rent theory of value theory of wages thinker thinks tion Torrens University of Dublin University of Oxford value depends value in exchange wages of labour wants wealth Whately writers
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Page 2 - The Essential Principles of the Wealth of Nations illustrated, in Opposition to some False Doctrines of Dr. Adam Smith and Others.
Page 5 - An Enquiry into the Principles of Taxation chiefly applicable to Articles of Immediate Consumption. Printed for J.
Page 11 - If England should have acquired such u degree of skill in manufactures, that, with any given portion of her capital, she could prepare a quantity of cloth, for which the Polish cultivator would give a greater quantity of corn than she Could, with the same portion of capital, raise from her own soil, then, tracts of her territory, though they should be equal, nay, even though they should be superior, to the lands in Poland, will be neglected j and a part of her supply of corn will be imported from...
Page 45 - Now if the price is attempted to be raised one degree beyond this sum, the demanders, who by the change will cease to be purchasers, must be those the intensity of whose demand was precisely measured by the former price.
Page 46 - ... l Pursuing this train of reasoning through successive degrees of high price, Longfield concludes that "each individual contains, as it were, within himself a series of demands of successively increasing degrees of intensity ; that the lowest degree of this series which at any time leads to a purchase is exactly the same for both rich and poor, and is that which regulates market price...
Page 21 - De Quincey's dialogues he considers "an ingenious logical legerdemain."4 Like Bailey, he opposes to the labour theory the cost of production theory of value. He proceeds, however, to criticise Bailey on one point, and in this criticism, he marks a retrogression. Bailey thought that the cause of changes of value " may be correctly stated to arise principally from the cost of production and that cost of production may be either labour or capital, or both.
Page 11 - ... by encouraging the importation of cheaper foreign articles ; and that commodities, the cost of producing which is greater in foreign countries than at home, may, nevertheless, be imported, provided the comparative disadvantage of the foreign capitalist in producing the imported article, be less than the comparative advantage of the domestic capitalist in producing the articles exported in exchange. These principles Mr.
Page 13 - In the progress of the human mind, a period of controversy amongst the cultivators of any branch of science must necessarily precede the period of unanimity. With respect to Political Economy, the period of controversy is passing away, and that of unanimity rapidly approaching. Twenty years hence there will scarcely exist a doubt respecting any of its fundamental principles...
Page 35 - This was entitled Exposure of certain Plagiarisms of JR McCulloch, Esq. , Author of two Essays on Reduction of the Interest of the National Debt, committed in the last published of these Essays, the Scotsman Newspaper and Edinburgh Revie-w. By Samuel Read, author of a Tract on Money and the Bank Restriction Laws. In recto decus. Edinburgh, 1819.
Page 24 - Let us suppose the case of an hungry man having one ounce, and only one ounce of food at his command. To him, this ounce is obviously of very great importance. Suppose him now to have two ounces. These are still of great importance ; but the importance of the second is not equal to that of the single ounce. In other words, he would not suffer so much from parting with one of his two ounces, retaining one for himself, as he would suffer, when he had only one ounce, by parting with that one, and so...