The Premises of Free Trade ExaminedJ. Wilson and son, 1881 - 36 páginas |
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Página 7
... increase without supply , nor supply without demand . This , " he says , " is fundamental in the theory of exchange ... increased , — even to the ex- tent that is called a glut . What , then , has perplexed the abstract reasoners ? The ...
... increase without supply , nor supply without demand . This , " he says , " is fundamental in the theory of exchange ... increased , — even to the ex- tent that is called a glut . What , then , has perplexed the abstract reasoners ? The ...
Página 8
... increase his income or better his condition , of which Adam Smith remarks , " that it comes with man when he issues from the womb , and continues with him until he enters the grave . " Now , the action of this instinct sometimes causes ...
... increase his income or better his condition , of which Adam Smith remarks , " that it comes with man when he issues from the womb , and continues with him until he enters the grave . " Now , the action of this instinct sometimes causes ...
Página 10
... increase their annual consumption . They must be tempted to spend by the discovery of new products or new services , or by the gradual growth of a more liberal scale of living . Failing this , a portion of the annual product remains in ...
... increase their annual consumption . They must be tempted to spend by the discovery of new products or new services , or by the gradual growth of a more liberal scale of living . Failing this , a portion of the annual product remains in ...
Página 11
... increase the quantity of industry in any society beyond what its capital can main- tain . It can only divert a part ... increases ; and the same is true of society taken together . In a normal condition of things there may be , for ...
... increase the quantity of industry in any society beyond what its capital can main- tain . It can only divert a part ... increases ; and the same is true of society taken together . In a normal condition of things there may be , for ...
Página 13
... increase of the industry would go on until it over- ran the demand . A stock would then accumulate , bringing down ... increased demand , prices rise , and the industry is stimulated ; when the stock is increased , prices fall , and the ...
... increase of the industry would go on until it over- ran the demand . A stock would then accumulate , bringing down ... increased demand , prices rise , and the industry is stimulated ; when the stock is increased , prices fall , and the ...
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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