First Principles of Political Economy: Concisely Presented for the Use of Classes in High Schools and AcademiesSheldon & Company, 1879 - 213 pages |
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Page 9
... employed . Exchange is the act of transferring things from one to another , according to their values . Each individual is busied in creating one utility , and wants a thousand . Each country produces of cer- tain articles far more than ...
... employed . Exchange is the act of transferring things from one to another , according to their values . Each individual is busied in creating one utility , and wants a thousand . Each country produces of cer- tain articles far more than ...
Page 16
... employing the agents an forces of nature . Second , by a systematic division of labor . 1. The agents and forces of nature most available for production are : a . The muscular power and instincts of animals . b . The light and heat of ...
... employing the agents an forces of nature . Second , by a systematic division of labor . 1. The agents and forces of nature most available for production are : a . The muscular power and instincts of animals . b . The light and heat of ...
Page 17
... employed which has cost labor . Thus , to control animal power , we need yoke or harness , cart or wagon , & c .; a lens enables us to intensify the light and heat of the sun ; by means of a water - wheel or pendulum we command the ...
... employed which has cost labor . Thus , to control animal power , we need yoke or harness , cart or wagon , & c .; a lens enables us to intensify the light and heat of the sun ; by means of a water - wheel or pendulum we command the ...
Page 19
... employed on particular products . Suppose , for ex- ample , an establishment for the manufacture of watches is projected . many different parts . The watch is made up of Obviously it will economize labor to assign each part to one man ...
... employed on particular products . Suppose , for ex- ample , an establishment for the manufacture of watches is projected . many different parts . The watch is made up of Obviously it will economize labor to assign each part to one man ...
Page 20
... employed , so that each workman shall confine him- self as nearly as possible to a single operation . - The system is complete when the several opera- tions keep each other going , when there are no superfluous hands , and none are kept ...
... employed , so that each workman shall confine him- self as nearly as possible to a single operation . - The system is complete when the several opera- tions keep each other going , when there are no superfluous hands , and none are kept ...
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Common terms and phrases
advantage amount assignats bank BELOIT COLLEGE benefit borrower cent civilized coin Colton's combined commerce common compensation competition consumed consumption cost demand desires destruction of value direct taxes distribution division of labor dollars duction effect electric telegraph ELIJAH H employed employers EXERCISES farmer fixed Geography give gold gratifications Hence hundred Illustrate important increase industry instrument of exchange invested involves issued J. S. Mill kinds of labor labor and capital land large establishments loan machinery manufacturer means measure medium of exchange ment mutual nations natural operations paid paper money parties Political Economy principles profits promise protection rate of interest remuneration salary saving secure sell silver skill specie standard of value supply and demand surplus tariff taxation tends term things tion trade treasury Coin United-States usury utility wages wants wealth wheat
Popular passages
Page 118 - Every tax ought to be so contrived as both to take out and to keep out of the pockets of the people as Little as possible, over and above what it brings into the public treasury of the state.
Page 118 - 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.
Page 118 - Every tax ought to be levied at the time, or in the manner, in which it is most likely to be convenient for the contributor to pay it.
Page 204 - This book is the best adapted to teaching the subject of Geography of any yet published. It is simple and comprehensive, and embraces just what the child should be taught, and nothing more. It also embraces the general principles of Physical Geography so far as they can be taught to advantage in Common Schools. For those desiring to pursue the study of Physical Geography, we have prepared Cotton's Physical Geography.
Page 118 - A direct tax is one which is demanded from the very persons who, it is intended or desired, should pay it. Indirect taxes are those which are demanded from one person in the expectation and intention that he shall indemnify himself at the expense of another: such as the excise or customs.
Page 203 - MORAL PHILOSOPHY: Including Theoretical and Practical Ethics. By JOSEPH HAVEN, DD, late Professor of Moral and Intellectual Philosophy in Chicago University. Royal 12mo, cloth, embossed, 1.75. It is eminently scientific In method, and thorough in discussion, and its views on unsettled questions in morals are discriminating and sound. HOPKINS' LECTURES ON MORAL SCIENCE, delivered before the Lowell Institute, Boston, by MARK HOPKINS, DD.
Page 118 - The tax which each individual is bound to pay ought to be certain, and not arbitrary. The time of payment, the manner of payment, the quantity to be paid, ought all to be clear and plain to the contributor, and to every other person.
Page 188 - July 14, 1890, are legal tender for all debts, public and private, except where otherwise expressly stipulated in the contract. United States notes are legal tender for all debts, public and private, except duties on imports and interest on the public debt.
Page 203 - We recently published a copious and critical Latin-English Dictionary, for the use of schools, etc., abridged and re-arranged from Riddle's Latin-English Lexicon, founded on the German-Latin Dictionaries of Dr. Wm.
Page 34 - He unroofs the houses, and ships the population to America. The nation is accustomed to the instantaneous creation of wealth. It is the maxim of their economists, "that the greater part in value of the wealth now existing in England, has been produced by human hands within the last twelve months.