A History of Political Economy

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Macmillan, 1901 - 250 páginas
 

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Página 94 - Labour alone, therefore, never varying in its own value, is alone the ultimate and real standard by which the value of all commodities can at all times and places be estimated and compared.
Página 91 - All systems either of preference or of restraint, therefore, being thus completely taken away, the obvious and simple system of natural liberty establishes itself of its own accord.
Página 96 - The whole of the advantages and disadvantages of the different employments of labour and stock must, in the same neighbourhood, be either perfectly equal or continually tending to equality.
Página 89 - In the last part of his lectures, he examined those political regulations which are founded, not upon the principle of justice, but that of expediency, and which are calculated to increase the riches, the power, and the prosperity of a State.
Página 127 - Such parts only of the produce of land can commonly be brought to market, of which the ordinary price is sufficient to replace the stock which must be employed in bringing them thither, together with its ordinary profits. If the ordinary price is more than this, the surplus part of it will naturally go to the rent of the land. If it is not more, though the commodity may be brought to market, it can afford no rent to the landlord. Whether the price is, or is not more, depends upon the demand.
Página 127 - Corn is not high because a rent is paid, but a rent is paid because corn is high...
Página 89 - I should in another discourse endeavour to give an account of the general principles of law and government, and of the different revolutions which they have undergone in the different ages and periods of society; not only in what concerns justice, but in what concerns police, revenue, and arms, and whatever else is the object of law.
Página 89 - ... when we learn from his literary executors that he had formed the plan of a connected history of the liberal sciences and elegant arts, which would have supplied, in addition to the social aspects already mentioned, a view of the intellectual progress of society. Of this last undertaking there remains to us only the remarkable...
Página 84 - From these principles we may learn what judgment we ought to form of those numberless bars, obstructions, and imposts, which all nations of Europe, and none more than England, have put upon trade, from an exorbitant desire of amassing money, which never will heap up beyond its level, while it circulates ; or from an ill-grounded apprehension of losing their specie, which never will sink below it. Could any thing scatter our riches, it would be such impolitic contrivances.
Página 126 - The price of the entire supply of anything necessary for n community will be regulated by the cost of production of that portion of the necessary supply which is produced at the greatest expense.

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