Indian Journal of Economics, Volume 1

Capa
University of Allahabad, Department of Economics, 1917
Vol. 2-33 include Papers read at the annual conference of the Indian Economic Association.
 

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Página 193 - Principles, before the marginal utility and the tea-drinking set in): 'although it is man's wants in the earliest stages of his development that give rise to his activities, yet afterwards each new step upwards is to be regarded as the development of new activities giving rise to new wants, rather than of new wants giving rise to new activities.
Página 306 - ... of the railways of the country and the steady reduction in freight rates, accomplished by an increase of facilities for moving the traffic economically, have been the great factors in the upbuilding of the export trade in wheat and flour. The people of no other wheat-growing nation have been favored by as low rates of freight as the Americans. The railroad of the West extended its rails into promising fields as soon as, and more often before, their freight-producing capacity was known.
Página 85 - I see nothing," said Professor Jevons already in 1882, referring to the proposal for an "Eight Hours Bill," "to forbid the State interfering in the matter if it could be clearly shown that the existing customs are injurious to health, and that there is no other probable remedy. Neither principle, experience nor precedent, in other cases of legislation, prevents us from contemplating the idea of State interference in such circumstances.
Página 31 - ... with a view to deciding, by the light of the practical experience which will eventually be gained, whether it will or will not be desirable to continue the experiment now in course of progress. The experiments it need hardly be observed, went on till 1902 all throughout under the auspices of the State Bank, namely, the National Bank of Egypt.
Página 68 - Liberal principles not so much from adhesion to any general doctrine, as because restrictions interfered with their own freedom. ^The arguments used to weaken the Act of 1819 are those that belong to the mercantilist order of ideas, and are based on the twofold assumption that (a) the protection and preservation of industry on its commercial side should be the object of the State, and (b) that the proposed regulation would injure trade and drive it out of the country, eventually reducing not only...
Página 30 - Bank will be made in live yearly instalments due in October of each year, that is to say, at the time the cotton crop is gathered. All such advances will be reported to the Government who will instruct the tax collectors to enter them on the " Wirdes " and effect the recoveries with the taxes.
Página 30 - Inasmuch, however, as the advances made by village money lenders are generally in small sums of less than £10, it was evident that the limit of £100 was still too high to reach the majority of those whom it was desirable to relieve. A further tentative step has now been taken in the direction of dealing with this question. The newly created national bank is about to make advances of small sums up to £20 at 9 per cent interest. Further, the bank offers advances up to £100 at the same rate of interest...
Página 225 - ... comply with the Government specification and that the prices be not more than the prices at which similar rails could be delivered cif if imported into India.
Página 19 - As early as 1883, a thoroughly able writer, fully conversant with the economic situation of the peasantry of the country, gave an equally serious warning in more unmistakable terms in the columns of the Spectator. It was observed that : The ultimate difficulty of India, the economic situation of the cultivator, is coming to the front in a most disheartening way and is existing among the most experienced officials a sensation of positive alarm.
Página 27 - Their consitution, the method and manner of their working and the new control and grip which the Government are going to have over them, all these must eventually toll their death knell. The indebtedness of the agriculturist is so colossal while the resources by way of capital of the societies are so extremely limited and hedged in by restrictions and limitations that there never can be any emancipation of the ryot from his slough of indebtedness. Agricultural Banks are their only salvation ; and...

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