Economics: Principles and ProblemsThomas Y. Crowell Company, 1926 - 799 páginas |
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Página 2
... dollars is the guiding feature of economic life . Economic endeavor aims to obtain the maximum number of dollars of gain from every transaction . The arts of pecuniary gain direct the arts of physical production . From the social ...
... dollars is the guiding feature of economic life . Economic endeavor aims to obtain the maximum number of dollars of gain from every transaction . The arts of pecuniary gain direct the arts of physical production . From the social ...
Página 4
... dollars of national wealth , inquires : Does all this build character , health and happiness ? Wealth is not merely tons of pig iron but social well being . Wealth is not the almighty dollar but human welfare . The acid test of wealth ...
... dollars of national wealth , inquires : Does all this build character , health and happiness ? Wealth is not merely tons of pig iron but social well being . Wealth is not the almighty dollar but human welfare . The acid test of wealth ...
Página 40
... dollars and cents . Money measurement in terms of prices is in- volved . The price expresses the amount of money for which utilities may be exchanged . Dollar values of goods and services provide a common unit of reckoning which is ...
... dollars and cents . Money measurement in terms of prices is in- volved . The price expresses the amount of money for which utilities may be exchanged . Dollar values of goods and services provide a common unit of reckoning which is ...
Página 45
... dollars is a pecuniary concept . Behind the dollars are the goods and services which they represent . In estimating national income in dollars , distinction has to be made between dollars of steady value and dollars of changing value ...
... dollars is a pecuniary concept . Behind the dollars are the goods and services which they represent . In estimating national income in dollars , distinction has to be made between dollars of steady value and dollars of changing value ...
Página 46
... dollars are doubled . To overcome this discrepancy , the value in dollars may be adjusted to some base year , taken as 100. For instance , the following table adjusts the dollars of national income to the value of 1913 as 100. The ...
... dollars are doubled . To overcome this discrepancy , the value in dollars may be adjusted to some base year , taken as 100. For instance , the following table adjusts the dollars of national income to the value of 1913 as 100. The ...
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Economics: Principles and Problems. 2d Ed., Rev. and Reset Lionel Danforth Edie Visualização de excertos - 1932 |
Palavras e frases frequentes
agriculture American amount average balance bank credit business cycle capital cent changes Chapter circulation combination commercial commodities competition consumers consumption coöperation corporation cost currency dollars earnings economic economic rent efficiency employers exchange exports fact factors farm farmer Federal Reserve banks Federal Reserve System fiat money finance fluctuations foreign gold standard important income increase index number individual industry inequalities inflation interest rates investment issue labor labor unions land loans machinery manufacture marginal marginal utility measure ment method modern monopoly movements normal organization output ownership paper money payments pecuniary period population price level principle problem production profit prosperity purchasing power quantity railroads ratio rise savings scarcity securities silver social stability Statistics store of value supply and demand tariff taxation tend theory tion trade unions United utility value theory volume wage wealth workers
Passagens conhecidas
Página 751 - Commission may from time to time designate) will, under honest, efficient and economical management and reasonable expenditures for maintenance of way, structures and equipment, earn an aggregate annual net railway operating income equal, as nearly as may be, to a fair return upon the aggregate value of the railway property of such carriers held for and used in the service of transportation...
Página 146 - ... 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. Nor is it always the worse for the society that it was no part of it. By pursuing his own interest, he frequently promotes that of the society more effectually than when he really intends to promote it.
Página 716 - The subjects of every state ought to contribute towards the support of the government, as nearly as possible, in proportion to their respective abilities; that is, in proportion to the revenue which they respectively enjoy under the protection of the state.
Página 730 - Gross income" includes gains, profits, and income derived from salaries, wages, or compensation for personal service, of whatever kind and in whatever form paid, or from professions, vocations, trades, businesses, commerce, or sales, or dealings in property, whether real or personal, growing out of the ownership or use of or interest in such property...
Página 146 - Every individual is continually exerting himself to find out the most advantageous employment for whatever capital he can command. It is his own advantage, indeed, and not that of the society, which he has in view. But the study of his own advantage naturally, or rather necessarily, leads him to prefer that employment which is most advantageous to the society.
Página 146 - 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 289 - The new rich of the nineteenth century were not brought up to large expenditures, and preferred the power which investment gave them to the pleasures of immediate consumption. In fact, it was precisely the inequality of the distribution of wealth...
Página 351 - The natural price of labour is that price which is necessary to enable the labourers, one with another, to subsist and to perpetuate their race, without either increase or diminution.
Página 387 - The scale of wages paid for similar kinds of work in other industries; (2) The relation between wages and the cost of living...
Página 353 - What, therefore, the wage-labourer appropriates by means of his labour, merely suffices to prolong and reproduce a bare existence. We by no means intend to abolish this personal appropriation of the products of...