The Economic journal, Volume 341924 |
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Página 11
... capital . While population has continued to grow , five years ' normal additions to capital have been lost . Large additions to capital equipment for munitions purposes were made ; but the value of this for the ordinary purposes of ...
... capital . While population has continued to grow , five years ' normal additions to capital have been lost . Large additions to capital equipment for munitions purposes were made ; but the value of this for the ordinary purposes of ...
Página 12
... capital is equivalent to a reduction of capital , which is expressed in the present - day Stock Exchange values of the securities of mushroom munition firms . The diversion of both labour and capital into these relatively unpro- ductive ...
... capital is equivalent to a reduction of capital , which is expressed in the present - day Stock Exchange values of the securities of mushroom munition firms . The diversion of both labour and capital into these relatively unpro- ductive ...
Página 13
... capital at an average rate of 10.3 per cent . on their ordinary share capital in 1921 and 7 per cent . in 1922 - extraordinary figures in view of the unemployment that prevailed . These figures , however , are not decisive . A large ...
... capital at an average rate of 10.3 per cent . on their ordinary share capital in 1921 and 7 per cent . in 1922 - extraordinary figures in view of the unemployment that prevailed . These figures , however , are not decisive . A large ...
Página 18
... capital is , from the nature of the case , lumpy and discontinuous ; and once such a process is completed , the larger the number of units of output produced ( or , to put the same thing in a different way , the larger the number of ...
... capital is , from the nature of the case , lumpy and discontinuous ; and once such a process is completed , the larger the number of units of output produced ( or , to put the same thing in a different way , the larger the number of ...
Página 22
... capital embarked , paying for them presumably out of taxation , and pushing production to such a point that price covers only the special costs of the pth unit of output . Whereas , if my view is correct , the State ( unless for clear ...
... capital embarked , paying for them presumably out of taxation , and pushing production to such a point that price covers only the special costs of the pth unit of output . Whereas , if my view is correct , the State ( unless for clear ...
Palavras e frases frequentes
advantage agricultural allowances amount appears banks British capital cause cent changes commodities considerable continued cost course currency deal demand depends direct discussion economic effect England English exchange existing export fact fall foreign further Germany give given gold Government hand important increase individual industry influence interest issue Italy labour land lectures less limitation London Marshall means measure methods monetary nature necessary notes organisation paid payments period political population position possible practical present Principles problem production Professor profits proposed question reason reference regarded relation Report reserves result rise secure seems shows social society standard statistics suggest supply theory trade United University volume wages whole workers
Passagens conhecidas
Página 536 - Consumption is the sole end and purpose of all production ; and the interest of the producer ought to be attended to, only so far as it may be necessary for promoting that of the consumer.
Página 512 - Every individual is continually exerting himself to find out the most advantageous employment for whatever capital he can command. It is his own advantage, indeed, and not that of society, which he has in view. But the study of his own advantage naturally or, rather, necessarily leads him to prefer that employment which is most advantageous to the society.
Página 631 - COMMERCE. 8vo. 10s. net. ELEMENTS OF ECONOMICS OF INDUSTRY. Being the first volume of "Elements of Economics.
Página 518 - ... of carrying it on, until the producers have been educated up to the level of those with whom the processes are traditional. A protecting duty, continued for a reasonable time, will sometimes be the least inconvenient mode in which the nation can tax itself for the support of such an experiment.
Página 342 - engine of analysis . . . machinery of universal application in the discovery of a certain class of truths . . . not a body of concrete truth, but an engine for the discovery of concrete truth.
Página 328 - Thiinen, I was led to attach great importance to the fact that our observations of nature, in the moral as in the physical world relate not so much to aggregate quantities as to increments of quantities, and that in particular the demand for a thing is a continuous function, of which the "marginal" increment is, in stable equilibrium, balanced against the corresponding increment of its cost.
Página 75 - To be attached to the subdivision, to love the little platoon we belong to in society, is the first principle (the germ as it were) of public affections. It is the first link in the series by which we proceed towards a love to our country, and to mankind.
Página 535 - In every country it always is and must be the interest of the great body of the people to buy whatever they want of those who sell it cheapest. The proposition is so very manifest, that it seems ridiculous to take any pains to prove it ; nor could it ever have been called in question, had not the interested sophistry of merchants and manufacturers confounded the common sense of mankind. Their interest is, in this respect, directly opposite to that of the great body of the people.
Página 107 - But there is no more complete fallacy than this. What people call applied science is nothing but the application of pure science to particular classes of problems. It consists of deductions from those general principles, established by reasoning and observation, which constitute pure science. No one can safely make these deductions until he has a firm grasp of the principles ; and he can obtain that grasp only by personal experience of the operations of observation and of reasoning on which they...
Página 529 - If the spirit of industry be preserved, it may easily be diverted from one branch to another ; and the manufacturers of wool, for instance, be employed in linen, silk, iron, or any other commodities for which there appears to be a demand.