Economics: Principles and ProblemsThomas Y. Crowell Company, 1926 - 799 páginas |
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Página xvi
... Trade - The Commodity Dis- tribution of Trade - The Relative Importance of Foreign and Domestic Trade Some Applications of the Principles of Advantage - Interna- tional Production and Mutual Interdependence . CHAPTER XXXIII THE ...
... Trade - The Commodity Dis- tribution of Trade - The Relative Importance of Foreign and Domestic Trade Some Applications of the Principles of Advantage - Interna- tional Production and Mutual Interdependence . CHAPTER XXXIII THE ...
Página 13
... trade . For this growing contact of peoples , communication and record keeping were indispensable and the inven- tion of the alphabet and of writing was therefore of deepest importance . Exchange of goods demanded a medium of exchange ...
... trade . For this growing contact of peoples , communication and record keeping were indispensable and the inven- tion of the alphabet and of writing was therefore of deepest importance . Exchange of goods demanded a medium of exchange ...
Página 16
... trade within the town . This monopoly involved the minute and excessive restriction of freedom of competition , and the creation of a mass of special privileges , exclusive rights , and trade discriminations . Com- mercial organization ...
... trade within the town . This monopoly involved the minute and excessive restriction of freedom of competition , and the creation of a mass of special privileges , exclusive rights , and trade discriminations . Com- mercial organization ...
Página 17
... trade , was then looked upon as the death of trade . Nothing was more abhorrent to the mind of the gildsman than the notion of freedom . of the worker to do as he pleased . During the fifteenth century , the gild system began to give ...
... trade , was then looked upon as the death of trade . Nothing was more abhorrent to the mind of the gildsman than the notion of freedom . of the worker to do as he pleased . During the fifteenth century , the gild system began to give ...
Página 18
... trade and exploitation . " A narrow local trade borne on rivers , through inland seas and along the coasts of the continent and its adjacent islands , 9 See W. C. Abbott , The Expansion of Europe , Vol . II , p . 346 ; also Gilbert ...
... trade and exploitation . " A narrow local trade borne on rivers , through inland seas and along the coasts of the continent and its adjacent islands , 9 See W. C. Abbott , The Expansion of Europe , Vol . II , p . 346 ; also Gilbert ...
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Outras edições - Ver tudo
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...