Principles of Political EconomyGinn, 1919 - 588 páginas |
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Página 99
... waiting , or abstinence . If you labor to make a tool for your own use , you do not reap the reward of your labor until the tool has been completed and has been used for a time in adding to your production . You have postponed your con ...
... waiting , or abstinence . If you labor to make a tool for your own use , you do not reap the reward of your labor until the tool has been completed and has been used for a time in adding to your production . You have postponed your con ...
Página 107
... waiting for him or guessing what he is likely to do . In all these cases , in greater or less degree , he occasions loss to the nation . The time we waste on account of his lack of dependableness is as truly a loss as the property which ...
... waiting for him or guessing what he is likely to do . In all these cases , in greater or less degree , he occasions loss to the nation . The time we waste on account of his lack of dependableness is as truly a loss as the property which ...
Página 159
... waiting . The next ques- tion to arise is , How does capital come into existence ? If it con- sists of tools , buildings , machines , equipment , etc. , it is rather obvious that they come into existence because labor is expended in ...
... waiting . The next ques- tion to arise is , How does capital come into existence ? If it con- sists of tools , buildings , machines , equipment , etc. , it is rather obvious that they come into existence because labor is expended in ...
Página 161
... waiting and working , the postponement of consumption , on the one hand , and labor , on the other . No capital can ever come into existence without this combination . It is merely obscured by the — intricacies of the modern industrial ...
... waiting and working , the postponement of consumption , on the one hand , and labor , on the other . No capital can ever come into existence without this combination . It is merely obscured by the — intricacies of the modern industrial ...
Página 162
... waiting . In the highly complicated industrial system of the present , with its increase of specialization , the two functions of waiting and working are generally performed by different persons or classes of persons . This has given ...
... waiting . In the highly complicated industrial system of the present , with its increase of specialization , the two functions of waiting and working are generally performed by different persons or classes of persons . This has given ...
Índice
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531 | |
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572 | |
585 | |
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Palavras e frases frequentes
abundant Adam Smith advantage agriculture amount anarchism animals bank bargaining become better called chapter commodities competition compulsion consumers consumption coöperation cost crop cultivation demand desire division of labor dollars economic energy enterprise exchange fact factors factors of production farm farmer favor Federal Reserve Federal Reserve bank give grade horse human important income increase individual industry interest invest kind land large number law of value less liberalist luxuries machine manufacturing marginal productivity material means moral nation nature necessary nitrogen owner person plow possess problem profits proportion prosperity purchase quantity reason rent result scarce scarcity sell single tax social society soil spend standard of living sumers sumption sumptuary laws supply surplus taxation things tion transportation United unskilled labor utility wages waste water frame wealth wheat
Passagens conhecidas
Página 61 - By preferring the support of domestic to that of foreign industry, he intends only his own security; and by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain; and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention.
Página 474 - By necessaries I understand, not only the commodities which are indispensably necessary for the support of life, but whatever the custom of the country renders it indecent for creditable people, even of the lowest order, to be without.
Página 564 - As soon as the land of any country has all become private property, the landlords, like all other men, love to reap where they never sowed, and demand a rent even for its natural produce.
Página 121 - A great part of the machines made use of in those manufactures in which labor is most subdivided were originally the inventions of common workmen, who, being each of them employed in some very simple operation, naturally turned their thoughts towards finding out easier and readier methods of performing it.
Página 257 - In the same class must be ranked some both of the gravest and most important, and some of the most frivolous professions; churchmen, lawyers, physicians, men of letters of all kinds ; players, buffoons, musicians, opera singers, opera dancers, &c.
Página 258 - Like the declamation of the actor, the harangue of the orator, or the tune of the musician, the work of all of them perishes in the very instant of its production.
Página 255 - Men of all sorts take a pride to gird at me: the brain of this foolish-compounded clay, man, is not able to invent any thing that tends to laughter, more than I invent, or is invented on me : I am not only witty in myself, but the cause that wit is in other men.
Página 257 - The labour of the latter, however, has its value and deserves its reward as well as that of the former. But the labour of the manufacturer fixes and realizes itself in some particular subject or vendible commodity, which lasts for some time at least after that labour is past.
Página 257 - ... is bestowed. But the maintenance of a menial servant never is restored. A man grows rich by employing a multitude of manufacturers; he grows poor by maintaining a multitude of menial servants.
Página 257 - Thus the labour of a manufacturer adds generally to the value of the materials, which he works upon, that of his own maintenance, and of his master's profit. The labour of a menial servant, on the contrary, adds to the value of nothing.