The Theory of Economic Progress, Volume 1American Economic Association, 1896 - 45 pages |
From inside the book
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Page 29
... lower prices . That condition is , " other things equal . " We have , for example , recently seen what appeared to be a statistical demonstration of the falsity of the quantity - theory , which entirely disregarded this condition , not ...
... lower prices . That condition is , " other things equal . " We have , for example , recently seen what appeared to be a statistical demonstration of the falsity of the quantity - theory , which entirely disregarded this condition , not ...
Page 36
... lower rate in produce ( because at a fixed rate i money ) , of all the agents - land , buildings , stock - whic they hold by hire or lease for terms of years , from thos who are not themselves personally engaged in produ tion . At the ...
... lower rate in produce ( because at a fixed rate i money ) , of all the agents - land , buildings , stock - whic they hold by hire or lease for terms of years , from thos who are not themselves personally engaged in produ tion . At the ...
Page 42
... lower third , on whom competition always presses with great severity , to whom it is a continual struggle to make both ends meet . These men are at a disadvantage in buying , in making , and in selling . Their bad debts are numer ous ...
... lower third , on whom competition always presses with great severity , to whom it is a continual struggle to make both ends meet . These men are at a disadvantage in buying , in making , and in selling . Their bad debts are numer ous ...
Page 102
... lower cost , the gain is divided among the workmen and the employer in a definite ratio , the workmen re- ceiving , say , one - half , and the employer one - half . 30. Under this plan , if the employer lives up to his promise , and the ...
... lower cost , the gain is divided among the workmen and the employer in a definite ratio , the workmen re- ceiving , say , one - half , and the employer one - half . 30. Under this plan , if the employer lives up to his promise , and the ...
Page 113
... lower rate of pay , say 10 cents or 5 cents per piece , according to circumstances , making his pay for the day $ 2 , or only $ 1 , instead of $ 3 . It will be observed that this style of piece - work is di- rectly the opposite of the ...
... lower rate of pay , say 10 cents or 5 cents per piece , according to circumstances , making his pay for the day $ 2 , or only $ 1 , instead of $ 3 . It will be observed that this style of piece - work is di- rectly the opposite of the ...
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.