The Principles of Economical Philosophy, Volume 1Longmans, Green, Reader, and Dyer, 1872 - Economics |
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Page xix
... Political Economy and Mercantile Law in the University of Edinburgh . I am , dear Sir , yours truly , H. D. MACLEOD , Esq . JOHN MELLOR . The continual mismanagement of the Paper Currency by the Bank b2 PREFACE . xix.
... Political Economy and Mercantile Law in the University of Edinburgh . I am , dear Sir , yours truly , H. D. MACLEOD , Esq . JOHN MELLOR . The continual mismanagement of the Paper Currency by the Bank b2 PREFACE . xix.
Page xx
... Currency , and to make its amount in some degree mechanical , that Sir Robert Peel passed his Bank Act of 1844. He adopted a definition of Currency which was then comparatively novel , and a peculiar theory of Currency which it was the ...
... Currency , and to make its amount in some degree mechanical , that Sir Robert Peel passed his Bank Act of 1844. He adopted a definition of Currency which was then comparatively novel , and a peculiar theory of Currency which it was the ...
Page xxi
... Currency . And from this it manifestly follows that the true way of controlling the Paper Currency is by paying sedulous attention to ajust the Rate of Discount to the State of the Foreign Exchanges , and the Bullion in the Bank of ...
... Currency . And from this it manifestly follows that the true way of controlling the Paper Currency is by paying sedulous attention to ajust the Rate of Discount to the State of the Foreign Exchanges , and the Bullion in the Bank of ...
Page xxii
... currency , which is now universally recog- nised as the true one , was first demonstrated in my work . I will now give a succinct outline of the subject , which I hope will be intelligible to every one . Aristotle in ancient times has ...
... currency , which is now universally recog- nised as the true one , was first demonstrated in my work . I will now give a succinct outline of the subject , which I hope will be intelligible to every one . Aristotle in ancient times has ...
Page xxxv
... CURRENCY , CREDIT , CIRCULATING MEDIUM , CIRCULATION • ' Aristotle's Definition of Money Baudeau , Smith , Thornton agree in this . 186 191 191 Bastiat on Money Nature of Credit Nature of Money 192 194 196 § 21. Of CURRENCY , or ...
... CURRENCY , CREDIT , CIRCULATING MEDIUM , CIRCULATION • ' Aristotle's Definition of Money Baudeau , Smith , Thornton agree in this . 186 191 191 Bastiat on Money Nature of Credit Nature of Money 192 194 196 § 21. Of CURRENCY , or ...
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Common terms and phrases
absolutely Adam Smith adopted amount Bacon bank notes banker Bills of Exchange bullion called capital cause of Value circulation coin coinage commerce common Condillac Consumption of Wealth Credit currency debt debtor decimal definition of Wealth demand distinct doctrine earth Economic Quantities Economists England equal Eryxias exactly existence fact fundamental give gold and silver govern Hence human ideas Incorporeal Property Inductive Logic Inductive Science J. B. Say J. S. Mill land and labour Law of Value material products means merchant method Mill Moral Science Natural Philosophy Negative object observe payment person phenomena Physical Science Physiocrates Political Economy possess pound weight principles produce of land profit purchase reason received Ricardo Roman Law school of Economists Science of Exchanges sell shew shewn Smith species suppose term Theory things tion trade true wants Wealth of Nations word 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.