The Economic Journal: The Quarterly Journal of the Royal Economic Society, Volume 21Macmillan, 1911 - Economics Contains papers that appeal to a broad and global readership in all fields of economics. |
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administration agricultural amount associations average banks benefit British Canada capital Census cent charges Committee considerable contribution cost deal ECONOMIC JOURNAL economists effect employers England English exports fact factories factors of production farmer favour figures Germany given gold Government grants important income tax Increasing Return increment index numbers India industry interest J. M. Keynes J. S. Mill Labour Exchanges less London machinery manufacturing matter ment method Mill Minority Report organisation political Poor Law population practice present principle problem production Prof Professor profits proportion proposed question railway reference reform regard rent Report Ricardo scheme sickness Sidney Webb social Society statistics subsidies tariff Tariff Reform taxation theory tion Torrens Trade Unions unemployment United United Kingdom volume W. J. ASHLEY wages wheat whole women YVES GUYOT
Popular passages
Page 210 - there is a kind of income which constantly tends to increase, without any exertion or sacrifice on the part of the owners ; those owners constituting a class in the community, whom the natural course of things progressively enriches, consistently with complete passiveness on their own part. In such a case it would be no violation of the principles on which private property is grounded, if the State should appropriate this increase of wealth, or part of it, as it arises. This would not properly be...
Page 444 - Under a system of perfectly free commerce, each country naturally devotes its capital and labour to such employments as are most beneficial to each. This pursuit of individual advantage is admirably connected with the universal good of the whole.
Page 445 - It is this principle which determines that wine shall be made in France and Portugal, that corn shall be grown in America and Poland, and that hardware and other goods shall be manufactured in England.
Page 210 - The ordinary progress of a society which increases in wealth, is at all times tending to augment the incomes of landlords ; to give them both a greater amount and a greater proportion of the wealth of the community, independently of any trouble or outlay incurred by themselves. They grow richer, as it were in their sleep, without working, risking, or economizing.
Page 210 - The burdens of the State should be borne by all in proportion to their means: this is one of the four maxims mentioned by Adam Smith, which should govern all taxation. Rent often belongs to those who, after many years of toil, have realised their gains, and expended their fortunes in the purchase of land or houses ; and it certainly would be an infringement of that principle which should ever be held sacred, the security of property, to subject it to unequal taxation. It is to be lamented, that the...
Page 152 - Under the new act the councils of counties and county boroughs, as local education authorities, are empowered to make arrangements, subject to the approval of the Board of Education, for giving to boys and girls under seventeen years of age assistance with respect to the choice of suitable employment, by means of the collection and the communication of information and the furnishing of advice.
Page 60 - There is not a horse in England, able and willing to work, but has due food and lodging ; and goes about sleek-coated, satisfied in heart.
Page 441 - They are, indeed, so disseminated through all the trading parts of the world, that they are become the instruments by which the most distant nations converse with one another, and by which mankind are knit together in a general correspondence: they are like the pegs and nails in a great building, which, though they are but little valued in themselves, are absolutely necessary to keep the whole frame together.
Page 402 - Institute, were established in order to provide for the investigation of new or little-known natural products from the Colonies and India and of known products from new sources, with a view to their utilisation in commerce, and also to provide trustworthy scientific and technical advice on matters connected with the agriculture, trade and industries of the Colonies and India.
Page 210 - ... /Suppose that there is a kind of income which constantly tends to increase, without any exertion or sacrifice on the part of the owners: those owners constituting a class in the community, whom the natural course of things progressively enriches, consistently with complete passiveness on their own part.