Economics: Principles and ProblemsThomas Y. Crowell Company, 1926 - 799 páginas |
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Página 69
... individual in his small private workshop is a thing of the past . The private struggle for invention associated with the names of Watt , Cartwright , and other pioneers , has been superseded by large scale research , in specially ...
... individual in his small private workshop is a thing of the past . The private struggle for invention associated with the names of Watt , Cartwright , and other pioneers , has been superseded by large scale research , in specially ...
Página 71
... individual professor . This privilege is denied to the individual in some universities , on the grounds that , since the financing of the research is carried on by the university , the results belong to the university , and should be ...
... individual professor . This privilege is denied to the individual in some universities , on the grounds that , since the financing of the research is carried on by the university , the results belong to the university , and should be ...
Página 73
... individual farmer has almost no facilities for scientific research . Consequently , the initiative has had to come primarily from the government . Thousands of studies in plant and animal breeding , plant and animal diseases , treatment ...
... individual farmer has almost no facilities for scientific research . Consequently , the initiative has had to come primarily from the government . Thousands of studies in plant and animal breeding , plant and animal diseases , treatment ...
Página 74
... individual corporation may establish a research labora- tory as a part of its own business organization . In 1924 , more than 500 different concerns maintained laboratories of this type . In size , the laboratories range all the way ...
... individual corporation may establish a research labora- tory as a part of its own business organization . In 1924 , more than 500 different concerns maintained laboratories of this type . In size , the laboratories range all the way ...
Página 75
... individual . It is true that certain scientists display greater ability to take advantage of such group coöperation than others , but even the most distinguished indi- vidual modern scientists owe to their fellow workers much credit ...
... individual . It is true that certain scientists display greater ability to take advantage of such group coöperation than others , but even the most distinguished indi- vidual modern scientists owe to their fellow workers much credit ...
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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...