The Economic journal, Volume 341924 |
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Página 26
... commodities are being produced is in 1 I am not attempting to father the actual phrase on Professor Pigou , but must ask him to admit parentage of the conception . general a less efficient proportionate combination than that which it 26 ...
... commodities are being produced is in 1 I am not attempting to father the actual phrase on Professor Pigou , but must ask him to admit parentage of the conception . general a less efficient proportionate combination than that which it 26 ...
Página 28
... commodity produced , then the rent which we ought to count in is not that which the land would pay if used for producing the first commodity , but that which it does pay when used for producing the second . " 66 pursue this policy ...
... commodity produced , then the rent which we ought to count in is not that which the land would pay if used for producing the first commodity , but that which it does pay when used for producing the second . " 66 pursue this policy ...
Página 33
... commodities which were ordinarily purchased out of the incomes of the people . In so far as they did this they increased the production of " con- sumption " goods and diverted energy into relatively unproductive channels . Part of this ...
... commodities which were ordinarily purchased out of the incomes of the people . In so far as they did this they increased the production of " con- sumption " goods and diverted energy into relatively unproductive channels . Part of this ...
Página 37
... trade activity . 1 Banking and Insurance Record , 1920 , p . 80 . 2 Labour and Industrial Branch Report , No. 12 . But the prices of some commodities commenced to fall before 1924 ] THE ECONOMIC SITUATION IN AUSTRALIA , 1918-23 37.
... trade activity . 1 Banking and Insurance Record , 1920 , p . 80 . 2 Labour and Industrial Branch Report , No. 12 . But the prices of some commodities commenced to fall before 1924 ] THE ECONOMIC SITUATION IN AUSTRALIA , 1918-23 37.
Página 38
But the prices of some commodities commenced to fall before August . This was most pronounced in the jute and leather group , and in agricultural produce and the groceries group . As early as May this tendency had been noted . Thus the ...
But the prices of some commodities commenced to fall before August . This was most pronounced in the jute and leather group , and in agricultural produce and the groceries group . As early as May this tendency had been noted . Thus the ...
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.