Political Economy for BeginnersMacmillan, 1876 - 231 pages |
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Page 31
... excuse often made for extravagance , that it is good for trade , is based upon false notions respecting capital . If two tons of coals are consumed in producing a pine - apple in March , the wealth represented CHAP , III . ] 31 ON CAPITAL .
... excuse often made for extravagance , that it is good for trade , is based upon false notions respecting capital . If two tons of coals are consumed in producing a pine - apple in March , the wealth represented CHAP , III . ] 31 ON CAPITAL .
Page 32
... coal is wasted , or at any rate it produces only the very inadequate return of giving two or three people a pleasant taste in their mouths for a few minutes . If the same coal had been used to smelt iron or to make gas , it would have ...
... coal is wasted , or at any rate it produces only the very inadequate return of giving two or three people a pleasant taste in their mouths for a few minutes . If the same coal had been used to smelt iron or to make gas , it would have ...
Page 68
... coal . This demand had to be satisfied by resorting to seams of coal which were less productive , and consequently more costly than those that were formerly sufficient to satisfy the demand . Hence the increased demand could not be met ...
... coal . This demand had to be satisfied by resorting to seams of coal which were less productive , and consequently more costly than those that were formerly sufficient to satisfy the demand . Hence the increased demand could not be met ...
Page 92
... select ? 4. Would the wealth of England have been increased if the country had contained gold mines , instead of our iron and coal ? SECTION III . The Distribution of Wealth . - Introductory 92 [ SECT . II . EXCHANGE OF WEALTH .
... select ? 4. Would the wealth of England have been increased if the country had contained gold mines , instead of our iron and coal ? SECTION III . The Distribution of Wealth . - Introductory 92 [ SECT . II . EXCHANGE OF WEALTH .
Page 123
... coal and the subsequent additions made to the wages of the miners . In this case the miners were able to obtain the maximum of advantage ; they were really masters of the situation because they possessed what almost amounted to a na ...
... coal and the subsequent additions made to the wages of the miners . In this case the miners were able to obtain the maximum of advantage ; they were really masters of the situation because they possessed what almost amounted to a na ...
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advantage agricultural produce amount Bank Charter Act Bank of England bills of exchange Cambridge capital and labour capitalist causes cent cheques circulating capital circumstances classes cloth coal College commodities competition consequently consumed corn corn laws cost of production cotton Crown 8vo decrease demand division of labour economic economic rent effect employed employers employment English example exchange value exports Extra fcap farm farmer foreign France gold and silver illustration imports income income-tax increased industry instance labour and capital land landlord levied London manufactured margin of cultivation modities obtain Owens College paid poor rate population price of agricultural production of wealth Professor profits of capital purchase quantity rate of interest rate of profit rate of wages regulated rent School Second Edition Shew supply supposed taxation tenant tion trade value of gold value of money wages and profits wages of labour wages-fund wheat workmen
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