Political Economy for BeginnersMacmillan, 1876 - 231 pages |
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Page xi
... wages — The relation between profits and prices — A sum- mary of the effect of demand and supply on prices . PAGES 56-80 CHAPTER IV . On the Value of Money . The value of money is regulated by the same laws as those which determine the ...
... wages — The relation between profits and prices — A sum- mary of the effect of demand and supply on prices . PAGES 56-80 CHAPTER IV . On the Value of Money . The value of money is regulated by the same laws as those which determine the ...
Page xii
... wages of a local decline in profits - The effect on wages of increased efficiency of labour - High prices do not produce high wages -The effect of free competition on wages - Charitable dona- tions and poor - law relief frequently check ...
... wages of a local decline in profits - The effect on wages of increased efficiency of labour - High prices do not produce high wages -The effect of free competition on wages - Charitable dona- tions and poor - law relief frequently check ...
Page 33
... profits upon it are replaced by the value of the immediate product ; whereas in the case of fixed capital , the value of the immediate product only covers so much as is worn out together with the profit ... wages of labourers , called the ...
... profits upon it are replaced by the value of the immediate product ; whereas in the case of fixed capital , the value of the immediate product only covers so much as is worn out together with the profit ... wages of labourers , called the ...
Page 40
... wages , and profits . It is therefore pro- posed in this section to explain the meaning of the terms value , price , and cost of production , and to state the causes which determine the value of three classes of com- modities , viz ...
... wages , and profits . It is therefore pro- posed in this section to explain the meaning of the terms value , price , and cost of production , and to state the causes which determine the value of three classes of com- modities , viz ...
Page 56
... wages and profits . Prof. Cairnes , however , has adopted a different definition , and one which seems more in harmony with the actual facts of the case : he has shown that the ultimate elements of cost of pro- duction are toil ...
... wages and profits . Prof. Cairnes , however , has adopted a different definition , and one which seems more in harmony with the actual facts of the case : he has shown that the ultimate elements of cost of pro- duction are toil ...
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Common terms and phrases
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
Popular passages
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