The Premises of Free Trade ExaminedJ. Wilson and son, 1881 - 36 páginas |
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Página 8
... diminish enormously its demand for commodities ; and here we find ourselves face to face with a glut . The productive energies , which ... diminished demand of a community only par- ―― tially employed . There is over - production or under 8.
... diminish enormously its demand for commodities ; and here we find ourselves face to face with a glut . The productive energies , which ... diminished demand of a community only par- ―― tially employed . There is over - production or under 8.
Página 9
... diminished . They , for the time being , are no longer able to save ; no longer able even to maintain their previous scale of expenditures . These are next diminished , with the effect of throwing more people out of employment , diminishing ...
... diminished . They , for the time being , are no longer able to save ; no longer able even to maintain their previous scale of expenditures . These are next diminished , with the effect of throwing more people out of employment , diminishing ...
Página 10
... diminishing profits and holding in check the expansion of the known industries . This it is which limits the field of indus- try in a community still possessed of a vast amount of unde- veloped resources . Industry , then , as a matter ...
... diminishing profits and holding in check the expansion of the known industries . This it is which limits the field of indus- try in a community still possessed of a vast amount of unde- veloped resources . Industry , then , as a matter ...
Página 13
... diminished by a novel or increased demand , prices rise , and the industry is stimulated ; when the stock is increased , prices fall , and the industry is checked . No economist , so far as we know , has noticed the vast ag- gregate ...
... diminished by a novel or increased demand , prices rise , and the industry is stimulated ; when the stock is increased , prices fall , and the industry is checked . No economist , so far as we know , has noticed the vast ag- gregate ...
Página 15
... diminished , no more than that of the above - mentioned artificers , but only left to find out the way in which it can be employed to the greatest advantage . " Here are two fallacies of confusion . The first is in com- paring a nation ...
... diminished , no more than that of the above - mentioned artificers , but only left to find out the way in which it can be employed to the greatest advantage . " Here are two fallacies of confusion . The first is in com- paring a nation ...
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absurd Adam Smith advantage aggregate annual product argues argument Bastiat bricklayers British bushels of wheat capi coal conclusion consume consumption deductive Deductive reasoning demand for commodities demand for labor diminished diminution doctrine Dublin duction economist employ England English entitled Some Leading equal error exchangeable value existence fact fallacy field of employment fixed capital floating capital foreign trade francs free-trade French products French silks funds hats income increase interests Ireland Irish J. S. Mill John Stuart Mill landlords logic manufactured products mechanical and manufacturing ment MORRILL Tariff nation never can exceed obtain ourselves paragraph political economy portion premises Professor Cairnes Professor Cairnes's profits promote abundance proposition protectionist protective law quantity railroads raw produce real wages says society Sophisms steamship stock of commodities sufficiently supply suppose supposition surplus stock syllogism tariff things tion unem unemployed capital United venerable blunders whole wine