The Theory of Economic Progress, Volume 1American Economic Association, 1896 - 45 pages |
From inside the book
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Page 13
... given completely over to the dominion of trusts . There is one in every industry . It is iron - clad in its mastery of its own members , and can curtail its output of goods at will . It does so and gets rapidly rich . There is a ...
... given completely over to the dominion of trusts . There is one in every industry . It is iron - clad in its mastery of its own members , and can curtail its output of goods at will . It does so and gets rapidly rich . There is a ...
Page 26
... given to denying or dis- paraging the quantity - theory of money , are the very men who , thirty years ago , were most active in their denun ciations of the evil effects of an inflated currency in ad vancing prices . It would be easy to ...
... given to denying or dis- paraging the quantity - theory of money , are the very men who , thirty years ago , were most active in their denun ciations of the evil effects of an inflated currency in ad vancing prices . It would be easy to ...
Page 28
... pieces , and not for twice that number . It cannot be l mere caprice or accident that the possessor of mone pieces is compelled to give a certain number of them f a given quantity of the other's labor or of the 28 Economic Studies .
... pieces , and not for twice that number . It cannot be l mere caprice or accident that the possessor of mone pieces is compelled to give a certain number of them f a given quantity of the other's labor or of the 28 Economic Studies .
Page 29
John Bates Clark. a given quantity of the other's labor or of the products of his labor ; and is not able to obtain it with one - half that number of money - pieces . What is that force which compels the possessor of money or of goods ...
John Bates Clark. a given quantity of the other's labor or of the products of his labor ; and is not able to obtain it with one - half that number of money - pieces . What is that force which compels the possessor of money or of goods ...
Page 30
... given to ignoring other possible and even probable changes . Not only may the habits of the people in this respect alter greatly , within a short time ; but the very increase of the money - supply may become the cause of increased ...
... given to ignoring other possible and even probable changes . Not only may the habits of the people in this respect alter greatly , within a short time ; but the very increase of the money - supply may become the cause of increased ...
Common terms and phrases
actual AMERICAN ECONOMIC ASSOCIATION amount Avenue banks basis bimetallism bonds Broadway Brooklyn capital census cent circulation city management city ownership coin College Columbia University commodities consolidation Cornell University corporation corruption cost Council currency debt demand depreciation dollars East Cleveland exchange existing expiration Extension fact falling prices fare Farmers favor force franchise system gain Germany gold standard gross earnings increase India industrial interest investment JOHN labor land less lines marks Mass ment metal methods millions monetary movement municipal Omaha platform operating organization original grants party pence period Ph.D piece-work political possible premium present price of silver Prof Professor profits quantity question Railway Company ratio reform renewal result RICHMOND MAYO-SMITH rise rupee secure social statistical street railroad street railway street railway problem tion track United University University of Pennsylvania wages Woodland York City
Popular passages
Page 141 - We meet in the midst of a nation brought to the verge of moral, political and material ruin.
Page 161 - We demand a national currency, safe, sound and flexible, issued by the general government only, a full legal tender for all debts, public and private, and that without the use of banking corporations, a just, equitable and efficient means of distribution, direct to the people, at a tax not to exceed two per cent, per annum, to be provided as set forth in the sub-treasury plan of the Farmers' Alliance, or some better system; also by payments in discharge of its obligations for public improvements.
Page 32 - ... the whole state, and makes its effect be felt on all ranks of people. At first, no alteration is perceived ; by degrees the price rises, first of one commodity, then of another ; till the whole at last reaches a just proportion with the new quantity of specie which is in the kingdom.
Page 142 - They propose to drown the outcries of a plundered people with the uproar of a sham battle over the tariff, so that capitalists, corporations, national banks, rings, trusts, watered stock, the demonetization of silver and the oppressions of the usurers may all be lost sight of.
Page 9 - Each honorary member shall be entitled to receive all reports and publications of the Association. ARTICLE V. OFFICERS. The officers of the society shall consist of a President, three Vice-Presidents, a Secretary, a Treasurer, a Publication Committee, and a Council.
Page 161 - We believe that the money of the country should be kept as much as possible in the hands of the people, and hence we demand that all State and national revenues shall be limited to the necessary expenses of the government, economically and honestly administered. 5. We demand that postal savings banks be established by the government for the safe deposit of the earnings of the people and to facilitate exchange. TRANSPORTATION.
Page 155 - That the public lands of the United States belong to the people, and should not be sold to individuals nor granted to corporations...
Page 31 - Accordingly we find that in every kingdom into which money begins to flow in greater abundance than formerly, everything takes a new face; labour and industry gain life; the merchant becomes more enterprising, the manufacturer more diligent and skilful, and even the farmer follows his plough with greater alacrity and attention.
Page 360 - No grant shall be made until there is produced to the conncil or the commissioners, as the case may be, the written consent of the owners of more than one-half of the feet front of the lots and lands abutting on the street or public way, along which it is proposed to construct such railway or extension thereof...
Page 121 - ... 50 cents per piece being the price paid for the work. After analyzing the job and determining the shortest time required to do each of the elementary operations of which it was composed, and then summing up the total, the writer became convinced that it was possible to turn ten pieces a day. To finish the forgings at this rate, however, the machinists were obliged to work at their maximum pace from morning to night, and the lathes were run as fast as the tools would allow, and under a heavy feed.