The Commonweal: A Study of the Federal System of Political EconomyLongmans, Green, 1909 - 162 pages |
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The Commonweal: A Study of the Federal System of Political Economy Alfred Peter Hillier No preview available - 2016 |
Common terms and phrases
Adam Smith adopted advantage agriculture Alexander Hamilton already America amount Britain British Empire British industry cent century character civilised Cobden Cobdenite colonies commercial competition considerable consumer Corn Laws doctrine duty economic endeavour England English Europe exchange existing expedient extent fact faire favour federal fiscal policy fiscal system foreign countries foreign investments free imports Free Trade Füchs further German Empire Germany Government home market Imperial increased India infant industry interest invested abroad John Stuart Mill laissez laissez-faire school less List List's Lord Avebury manufacturing industries ment Million modern Morley mother country Navigation paid period Political Economy position preferential principle productive power Professor prosperity protectionist Prussia raw material realise referred regard revenue says self-governing sickness South Africa spirit suggestio falsi supply System of Political tariff taxes tion to-day union United United Kingdom wealth whole workmen Workmen's Insurance writers Zollverein
Popular passages
Page 51 - Not only the wealth but the independence and security of a country appear to be materially connected with the prosperity of manufactures. Every nation, with a view to those great objects, ought to endeavor to possess within itself, all the essentials of national supply.
Page 124 - The Colonial system, with all its dazzling appeals to the passions of the people, can never be got rid of except by the indirect process of Free Trade, which will gradually and imperceptibly loose the bands which unite our Colonies to us by a mistaken notion of self-interest.
Page 2 - Writers on Political Economy profess to teach, or to investigate, the nature of Wealth, and the laws of its production and distribution : including, directly or remotely, the operation of all the causes by which the condition of mankind, or of any society of human beings, in respect of this universal object of human desire, is made prosperous or the reverse.
Page 53 - Whatever room there may be for an expectation that the industry \of a people, under the direction of private interest, will upon equal terms find out the most beneficial employment for itself, there is none for a reliance that it will struggle against the force of unequal terms, or will of itself surmount all the adventitious barriers to a successful competition...
Page 55 - Every new scene which is opened to the busy nature of man to rouse and exert itself, is the addition of a new energy to the general stock of effort. The spirit of enterprise, useful and prolific as it is, must necessarily be contracted or expanded, in proportion to the simplicity or variety of the occupations and productions which are to be found in a society.
Page 2 - As defence, however, is of much more importance than opulence, the act of navigation is, perhaps, the wisest of all the commercial regulations of England.
Page 22 - I believe that if you abolish the Corn Law honestly and adopt Free Trade in its simplicity there will not be a tariff in Europe that will not be changed in less than five years to follow your example " (Speech in Manchester, January 15, 1846).
Page 53 - Combinations by those engaged in a particular branch of business, in one country, to frustrate the first efforts to introduce it into another, by temporary sacrifices, recompensed, perhaps, by extraordinary indemnifications of the government of such country, are believed to have existed, and are not to be regarded as destitute of probability. The existence...
Page 9 - We must get comprehensive views of facts, that we may arrive at principles that are truly comprehensive. If we take a different method, if we snatch at general principles, and content ourselves with confined observations, two things will happen to us. First, what we call general principles will often be found to have no generality — we shall set out with declaring propositions...
Page 9 - ... are truly comprehensive. If we take a different method, if we snatch at general principles, and content ourselves with confined observations, two things will happen to us. First, what we call general principles will often be found to have no generality; we shall set out with declaring propositions to be universally true, which, at every step of our further progress, we shall be obliged to confess are frequently false: and, secondly, we shall miss a great mass of useful knowledge, which those...