The Premises of Free Trade ExaminedJ. Wilson and son, 1881 - 36 páginas |
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Página 6
... things should fall in value , and that all producers should , in consequence , be insufficiently remun- erated . " Thus says Mr. John Stuart Mill ; and Professor J. E. Cairnes , in his work entitled " Some Leading Principles of ...
... things should fall in value , and that all producers should , in consequence , be insufficiently remun- erated . " Thus says Mr. John Stuart Mill ; and Professor J. E. Cairnes , in his work entitled " Some Leading Principles of ...
Página 7
... things ; it is a ratio ; and so , of course , it is absurd to say that all values can rise or all fall together . Hence Mr. Mill and Professor Cairnes maintain that the supply of commodities cannot outrun the demand . But it is just ...
... things ; it is a ratio ; and so , of course , it is absurd to say that all values can rise or all fall together . Hence Mr. Mill and Professor Cairnes maintain that the supply of commodities cannot outrun the demand . But it is just ...
Página 10
... things , every atom of the actual and potential capital of a country is and must be fully em- ployed upon productive industry , so that anything taken for new industries must be taken or withheld from the old . We come now to the ...
... things , every atom of the actual and potential capital of a country is and must be fully em- ployed upon productive industry , so that anything taken for new industries must be taken or withheld from the old . We come now to the ...
Página 11
... things there may be , for instance , a stock of goods equal to two months ' con- sumption of the whole community , a value in the United States at the present time ( 1881 ) considerably exceeding a thousand millions of dollars . And ...
... things there may be , for instance , a stock of goods equal to two months ' con- sumption of the whole community , a value in the United States at the present time ( 1881 ) considerably exceeding a thousand millions of dollars . And ...
Página 15
... thing , will gradually acquire skill and become more indepen- dent ; and his income all the time will be augmented . The second fallacy is introduced by the use of the word cost . We immediately figure to ourselves what the article ...
... thing , will gradually acquire skill and become more indepen- dent ; and his income all the time will be augmented . The second fallacy is introduced by the use of the word cost . We immediately figure to ourselves what the article ...
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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