The Economic journal, Volume 341924 |
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Página 49
... standard of living provide evidence to the contrary . But we have frequently started at the wrong end , and entered upon a course of action only to find some fundamental economic obstacle across our path . This attitude with respect to ...
... standard of living provide evidence to the contrary . But we have frequently started at the wrong end , and entered upon a course of action only to find some fundamental economic obstacle across our path . This attitude with respect to ...
Página 50
... standard of living . They pointed to the very favourable times that employers had during rising prices , that no preparation had been made for the bad times and that it was unfair that the workers should suffer . Further , and here they ...
... standard of living . They pointed to the very favourable times that employers had during rising prices , that no preparation had been made for the bad times and that it was unfair that the workers should suffer . Further , and here they ...
Página 64
... standard , but should regulate its value so as to keep it stable in purchasing power over com- modities , allowing gold and foreign exchanges to go hang . Whether this would be desirable or not depends on our estima- tion of a number of ...
... standard , but should regulate its value so as to keep it stable in purchasing power over com- modities , allowing gold and foreign exchanges to go hang . Whether this would be desirable or not depends on our estima- tion of a number of ...
Página 65
... standard of value mainly on the two grounds : ( 1 ) that , by con- centrating too much on one factor in the quantity equation to the exclusion of the others , it was theoretically unsound ; and ( 2 ) that , used as a criterion for ...
... standard of value mainly on the two grounds : ( 1 ) that , by con- centrating too much on one factor in the quantity equation to the exclusion of the others , it was theoretically unsound ; and ( 2 ) that , used as a criterion for ...
Página 66
... standard of value steady in terms of gold or in terms of commodities . ( 2 ) But , furthermore , in a modern community with a developed banking system , an expansion in the circulation of legal - tender money is generally the last phase ...
... standard of value steady in terms of gold or in terms of commodities . ( 2 ) But , furthermore , in a modern community with a developed banking system , an expansion in the circulation of legal - tender money is generally the last phase ...
Palavras e frases frequentes
A. L. BOWLEY Adam Smith agricultural Alfred Marshall amount Australia average Bank of England bankers British Cambridge capital cause cent changes Committee commodities cost currency debt demand deposits discussion ECONOMIC JOURNAL economists effect employers English exchange export fact family allowances favour finance foreign Germany gold standard Government Henry Sidgwick important income increase India industry interest issue J. M. KEYNES Jevons Keynes labour lectures less London Marshall Marshall's ment methods monetary notes organisation output paid payments period Political Economy population pre-war present Principles problem production Prof Professor profits proposed purchasing power question railways regarded Reichsbank Report reserves result Royal Economic Society social society stabilisation statistics supply tariff taxation theory tion trade unemployment United University volume W. K. Clifford wages whole workers Zealand
Passagens conhecidas
Página 536 - Consumption is the sole end and purpose of all production ; and the interest of the producer ought to be attended to, only so far as it may be necessary for promoting that of the consumer.
Página 512 - 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 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 631 - COMMERCE. 8vo. 10s. net. ELEMENTS OF ECONOMICS OF INDUSTRY. Being the first volume of "Elements of Economics.
Página 518 - ... of carrying it on, until the producers have been educated up to the level of those with whom the processes are traditional. A protecting duty, continued for a reasonable time, will sometimes be the least inconvenient mode in which the nation can tax itself for the support of such an experiment.
Página 342 - engine of analysis . . . machinery of universal application in the discovery of a certain class of truths . . . not a body of concrete truth, but an engine for the discovery of concrete truth.
Página 328 - Thiinen, I was led to attach great importance to the fact that our observations of nature, in the moral as in the physical world relate not so much to aggregate quantities as to increments of quantities, and that in particular the demand for a thing is a continuous function, of which the "marginal" increment is, in stable equilibrium, balanced against the corresponding increment of its cost.
Página 75 - To be attached to the subdivision, to love the little platoon we belong to in society, is the first principle (the germ as it were) of public affections. It is the first link in the series by which we proceed towards a love to our country, and to mankind.
Página 535 - In every country it always is and must be the interest of the great body of the people to buy whatever they want of those who sell it cheapest. The proposition is so very manifest, that it seems ridiculous to take any pains to prove it ; nor could it ever have been called in question, had not the interested sophistry of merchants and manufacturers confounded the common sense of mankind. Their interest is, in this respect, directly opposite to that of the great body of the people.
Página 107 - But there is no more complete fallacy than this. What people call applied science is nothing but the application of pure science to particular classes of problems. It consists of deductions from those general principles, established by reasoning and observation, which constitute pure science. No one can safely make these deductions until he has a firm grasp of the principles ; and he can obtain that grasp only by personal experience of the operations of observation and of reasoning on which they...
Página 529 - If the spirit of industry be preserved, it may easily be diverted from one branch to another ; and the manufacturers of wool, for instance, be employed in linen, silk, iron, or any other commodities for which there appears to be a demand.