Political Economy |
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Common terms and phrases
Adam Smith advantage amount assignats bank Bank of England banker become better bills buying and selling called capital capitalists cents circulation coins commercial commodities Congress consequently cost of production cottons debt demand desires dollar duties efforts elements England English equal exchange exports foreign France free trade gain give gold and silver Gresham's law Hamilton Tariff hand important increase industry interest issue land law of value legal tender less lessen loan manufactures Massachusetts means measure ment Morrill Tariff motive namely natural paid paper money parties persons physiocrats Political Economy principles profits protectionist protective purchase purchasing-power rate of wages reason received relative render revenue rise secure silks sold supply tariff tariff-taxes taxation taxes tion United utility Walker Tariff whole woollens word
Popular passages
Page 186 - ... the invention of a great number of machines which facilitate and abridge labour, and enable one man to do the work of many.
Page 542 - Whereas it is necessary for the support of government, for the discharge of the debts of the United States, and the encouragement and protection of manufactures, that duties be laid on goods, wares, and merchandises imported: Be it enacted, etc.
Page 460 - To lay with one hand the power of the government on the property of the citizen, and with the other to bestow it upon favored individuals to aid private enterprises and build up private fortunes, is none the less a robbery because it is done under the forms of law and is called taxation.
Page 278 - 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 578 - He had been eight years upon a project for extracting sunbeams out of cucumbers, which were to be put into vials hermetically sealed, and let out to warm the air in raw inclement summers.
Page 516 - In law, what plea so tainted and corrupt, But, being season'd with a gracious voice, Obscures the show of evil? In religion, What damned error, but some sober brow Will bless it, and approve it with a text, Hiding the grossness with fair ornament?
Page 526 - ... the spirit of monopolists is narrow, lazy, and oppressive ; their work is more costly and less productive than that of independent artists ; and the new improvements so eagerly grasped by the competition of freedom, are admitted with slow and sullen reluctance in those proud corporations, above the fear of a rival, and below the confession of an error.
Page 577 - The first man I saw was of a meagre aspect, with sooty hands and face, his hair and beard long, ragged, and singed in several places.
Page 365 - They represent real property, the most secure of all possessions, the land on which we tread.
Page 59 - For it is not barely the ploughman's pains, the reaper's and thresher's toil, and the baker's sweat, is to be counted into the bread we eat; the labour of those who broke the oxen, who digged and wrought the iron and stones, who felled and framed the timber employed about the plough, mill, oven, or any other utensils, which are a vast number, requisite to this corn, from its being seed to be sown to its being made bread, must all be charged on the account of labour and received as an effect of that....