The Principles of Economical Philosophy, Volume 1 |
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Contents
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Common terms and phrases
according adopted amount applied Bank banker Bills bullion called capital cause circulation clear coin coinage commerce commodities conception consequence considered consumed Consumption course created Credit currency debt definition demand distinct doctrine earth Economic Quantities Economics Economists effect England equal exactly exchange existence expression fact fixed fundamental give given gold Government greater hand Hence human ideas importance included increase Inductive Italy knowledge labour land less material matter means measure method Mill mind nature necessary never notes object observe obtained person Philosophy Physical Physiocrates Political Economy possess present principles profit purchase quantity reason received relation require result says sell shew shilling silver Smith sorts species standard supply suppose term Theory things tion trade transfer true wealth weight whole writers
Popular passages
Page 249 - 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.
Page 42 - But know, that in the soul Are many lesser faculties, that serve Reason as chief ; among these, fancy next Her office holds ; of all external things, Which the five watchful senses represent, She forms imaginations, airy shapes, Which reason, joining or disjoining, frames All what we affirm or what deny, and call Our knowledge or opinion ; then retires Into her private cell when nature rests.
Page 247 - The annual labour of every nation is the fund which originally supplies it with all the necessaries and conveniences of life which it annually consumes, and which consist always either in the immediate produce of that labour, or in what is purchased with that produce from other nations.
Page 158 - The property which every man has in his own labour, as it is the original foundation of all other property, so it is the most sacred and inviolable.
Page 261 - THERE IS ONE SORT of labour which adds to the value of the subject upon which it is bestowed: there is another which has no such effect.
Page 661 - Rent is that portion of the produce of the earth, which is paid to the landlord for the use of the original and indestructible powers of the soil.
Page 35 - ... which make those men that take their instruction from the authority of books and not from their own meditation to be as much below the condition of ignorant men as men endued with true science are above it.
Page 306 - ... is to be counted into the bread we eat; the labour of those who broke the oxen, who digged and wrought the iron and stones, who felled and framed the timber employed about the plough, mill, oven, or any other utensils, which are a vast number, requisite to this corn, from its...
Page 562 - ... any body politic or corporate whatsoever created or to be created, or for any other persons whatsoever united or to be united in covenants or partnership exceeding the number of six persons in that part of Great Britain called England, to borrow, owe, or take up any sum or sums of money on their bills or notes payable on demand or at any less time than six months from the borrowing thereof...
Page 295 - But as a measure of quantity, such as the natural foot, fathom, or handful, which is continually varying in its own quantity, can never be an accurate measure of the quantity of other things, so a commodity, ichich is itself continually varying in its own value, can never be an accurate measure of the value of other commodities. Equal quantities of labour at all times and places may be said to be of equal value to the labourer.
Bibliographic information
| Title | The Principles of Economical Philosophy, Volume 1 The Principles of Economical Philosophy, Henry Dunning Macleod |
| Author | Henry Dunning Macleod |
| Edition | 2 |
| Publisher | Longmans, Green, Reader, and Dyer, 1872 |
| Original from | Harvard University |
| Digitized | 9 Feb 2008 |
| Export Citation | BiBTeX EndNote RefMan |