 | Edwin Cannan - Economics - 1903 - 458 pages
...and unfounded notion, that all capital is consumed.2 ' They are what he,' that is, the capitalist, ' gains by forbearing to consume his capital for his...allowing it to be consumed by productive labourers for then: uses.' We must say, then, that the owner of a steam-engine gets his profit by forbearing to consume... | |
 | John Stuart Mill - Economics - 1904 - 626 pages
...properly, according ID Mr. Senior's well-chosen expression, •¡the remuneration of abstinence? They ve what he gains by forbearing to consume his capital...consumed by productive labourers for their uses. 'For thi« forbearance he requires a recompense. Very often in personal enjoyment he would be a gainer by... | |
 | John Stuart Mill - Economics - 1904 - 624 pages
...further savmg he can add to his wealth. As the wages of the labourer are the remuneration of labour, so the profits of the capitalist are properly, according...well-chosen expression, the remuneration of abstinence. They ire what he gains by forbearing to consume his capital for his own uses, and allowing it to be consumed... | |
 | William Bell Robertson - Economics - 1905 - 272 pages
...profits are the remuneration of abstinence. Profits are, in the words of Mill, what the capitalist "gains by forbearing to consume his capital for his...consumed by productive labourers for their uses." Abstinence is not usually rewarded in this way. By merely refraining from consumption there is nothing... | |
 | John Stuart Mill - Classical school of economics - 1909 - 1076 pages
...further saving he can add to his wealth. As the wages of the labourer are the remuneration of labour, so the profits of the capitalist are properly, according...expression, the remuneration of abstinence. They are what ho gains by forbearing to consume his capital for his own uses, arid allowing it to be consumed by... | |
 | John Stuart Mill - Classical school of economics - 1909 - 1076 pages
...further saving he can add to his wealth. As the wages of the labourer are the remuneration of labour, so the profits of the capitalist are properly, according to Mr. Senior's well-chosen expression, the rcmuners-tinn nLahgtinpncfL. They are what he gains by forbearing to consume his capital for his own... | |
 | 1911 - 404 pages
...the wages of the laborer are the remuneration of labor, the profits of the capitalist are the reward of abstinence. They are what he gains by forbearing to consume his capital for his own uses; and for this forbearance he requires a recompense, which is resolvable into three parts: interest, insurance,... | |
 | John Cunningham Wood - Business & Economics - 1991 - 686 pages
...remuneration of labour ... the profits of the capitalist are ... the remuneration of abstinence . . . what he gains by forbearing to consume his capital for his own uses . . ." (p. 405, our italics). Neither of them clearly saw the relation between the cost of capital... | |
 | Barbara H. Fried - Law - 2009 - 350 pages
...Principles of Political Economy, bk. II, chap. 2, §1; Id., bk. II, chap. 15, §1, at 405, arguing that "the profits of the capitalist are properly, according...well-chosen expression, the remuneration of abstinence," and that (contrary to frequent assumptions) laborers therefore do not have a right to the "whole produce"... | |
 | E. K. Hunt - Business & Economics - 2002 - 570 pages
...effect on his view of profits was obvious: As the wages of the labourer are the remuneration of labour, so the profits of the capitalist are properly, according...for their uses. For this forbearance he requires a recompense.47 This view, rather than Ricardo's, dominated Mill's Principles. He unequivocally stated... | |
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As the wages of the labourer are the remuneration of labour, so the profits of the capitalist are properly, according to Mr. Senior's well-chosen expression, the remuneration of abstinence. They are what he gains by forbearing to consume his capital for... 
