Principles of Political Economy, with Some of Their Applications to Social Philosophy, Volume 1D. Appleton, 1870 - Economics |
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Common terms and phrases
Adam Smith advantage agricultural amount applied ascendant community capitalist causes circulating capital condition considerable consumed consumption coöperation cultivation dealers degree demand diminished division of labour duced duction ductive effect employment England equivalent exertion exist expenditure expense farmer farms favourable Flanders flax France funds greater human hundred quarters ical improvement income increase individual industry instruments instruments of production kind labour employed labouring classes land laws less limited luxuries maintain mankind manufactures materials means ment metayer mode nations natural agents necessary objects obtained occupation operations paid peasant persons plough Political Economy population portion possession present principle productive labour productive power profit proportion proprietors purposes quantity remuneration render rent require rich saving society soil subsistence sufficient supply suppose surplus taxes term of disparagement things thousand pounds tion unproductive velvet wages wants wealth whole workmen
Popular passages
Page 541 - Happily, there is nothing in the laws of Value which remains for the present or any future writer to clear up ; the theory of the subject is complete...
Page 355 - Give a man the secure possession of a bleak rock, and he will turn it into a garden ; give him a nine years' lease of a garden, and he will convert it into a desert.
Page 164 - One man draws out the wire; another straights it; a third cuts it; a fourth points it; a fifth grinds it at the top for receiving the head...
Page 4 - For practical purposes, political economy is inseparably intertwined with many other branches of social philosophy. Except on matters of mere detail, there are perhaps no practical questions, even among those which approach nearest to the character of purely economical questions, which admit of being decided on economical premises alone.
Page 166 - ... the invention of a great number of machines which facilitate and abridge labour, and enable one man to do the work of many.
Page 274 - The social arrangements of modern Europe commenced from a distribution of property which was the result, not of just partition, or acquisition by industry, but of conquest and violence: and notwithstanding what industry has been doing for many centuries to modify the work of force, the system still retains many and large traces of its origin.
Page 470 - For the purpose therefore of altering the habits of the labouring people, there is need of a twofold action, directed simultaneously upon their intelligence and their poverty. An effective national education of the children of the labouring class, is the first thing needful: and, coincidently with this, a system of measures which shall (as the devolution did in France) extinguish extreme poverty for one whole generation.
Page 263 - The laws and conditions of the production of wealth partake of the character of physical truths.
Page 301 - sacredness of property " is talked of, it should always be remembered, that any such sacredness does not belong in the same degree to landed property. No man made the land. It is the original inheritance of the whole species. Its appropriation is wholly a question of general expediency. When private property in land is not expedient, it is unjust.
Page 19 - It often happens that the universal belief of one age of mankind — a belief from which no one was, nor without an extraordinary effort of genius and courage, could at that time be free — becomes to a subsequent age so palpable an absurdity, that the only difficulty then is to imagine how such a thing can ever have appeared credible.