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" The profit obtained by the owner of capital from its productive employment, whether in his own hands or those of another party, to whom it is lent, is to be viewed in the light of a compensation to him for abstaining for a time from the consumption of... "
Principles of Political Economy - Page 146
by George Poulett Scrope - 1833 - 457 pages
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Political Economy: Its Objects, Uses, and Principles, Considered with ...

Alonzo Potter - Capitalism - 1840 - 332 pages
...only clothing; and famine and want must rapidly cut down the numbers of mankind to the meager hordes that could alone support themselves on such terms....himself as revenue. It has been said time is a mere word—a sound; can do nothing, is nothing ; and can therefore neither have nor give value.* This is...
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Capital and Interest: A Critical History of Economical Theory

Eugen von Böhm-Bawerk - Capital - 1890 - 488 pages
...explicitly declares (p. 146): "The profit obtained by the owner of capital from its productive employment is to be viewed in the light of a compensation to...from the consumption of that portion of his property in personal' gratification." In what follows it must be confessed that he treats the idea as if it...
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History of Economic Thought: A Critical Account of the Origin and ...

Lewis H. Haney - 1911
...limitation of supply as distinguished from cost of production. that the profit of the owner of capital is " a compensation to him for abstaining for a time from...portion of his property on his personal gratification." i However that may be, the development and application of it are his own, and one of his chief claims...
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A Guide to the Printed Materials for English Social and Economic ..., Volume 1

Judith Blow Williams - Great Britain - 1926 - 653 pages
...of wages. Believes that bargaining will give the laborer a fair share of produce. Defends interest. "The profit obtained by the owner of capital from...the time during which his capital is so engaged." p. 146. Takes into account insurance against risks as affecting interest. Defines rent closely. Opposes...
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David Ricardo: Critical Assessments. Second series

John Cunningham Wood - Reference - 1993 - 488 pages
..."the inducement of the capitalists to employ his capital in production" and as "a compensation ... for abstaining for a time from the consumption of...which his capital is so engaged instead of being spent on himself, as revenue."73 In this context issue was again taken with McCulloch and Mill for the view...
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Early Histories of Economic Thought, 1824-1914: History of economic thought

Economics - 2000 - 724 pages
...wrote three years prior to his article. Scrope states that the profit of the owner of capital is " a compensation to him for abstaining for a time from...portion of his property on his personal gratification." 1 However that may be, the development and application of it are his own, and one of his chief claims...
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