Principles of Political Economy: With Some of Their Applications to Social Philosophy

Couverture
Longmans, Green, and Company, 1904 - 591 pages

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Table des matières

Of Capital
34
Industry is limited by Capital
39
1 Industry is limited by Capital
40
but does not always come up to that limit
41
Capital is the result of saving
43
Alf capital is consumed
44
Capital is kept up not by preservation but by perpetual repro duction
46
Why countries recover rapidly from a state of devastation
47
Demand for commodities is not demand for labour
49
Fallacy respecting Taxation
55
Fixed and Circulating Capital what
57
Increase of fixed capital when at the expense of circulating might be detrimental to the labourers
58
but this seldom if ever occurs
61
On what depends the degree of Productiveness of Productive Agents 1 Land labour and capital are of different productiveness at diffe rent times and...
63
greater energy of labour
65
superior skill and knowledge
66
б superiority of intelligence and trustworthiness in the commu nity generally
67
superior security
70
Combination of Labour a principal cause of superior productiveness
71
Effects of separation of employments analysed
73
Combination of labour between town and country
74
The higher degrees of the division of labour
75
Analysis of its advantages
77
Limitations of the division of labour
80
Of Production on a Large and Production on a Small Scale 1 Advantages of the large system of production in manufactures
81
Advantages and disadvantages of the jointstock principle
84
Conditions necessary for the large system of production
87
Large and small farming compared
89
Of the Law of the Increase of Labour 1 The law of the increase of production depends on those of three elements Labour Capital and Land
96
The Law of Population
97
By what checks the increase of population is practically limited
98
Of the Law of the Increase of Production
108
Consequences of the foregoing Laws
117
BOOK II
123
1 Introductory remarks
129
Of Cottiers
193
1 Irish cottiers should be converted into peasant proprietors
199
Of Wages
207
which are in some cases legal
213
would require as a condition legal measures for repression
219
The Remedies for Low Wages further
225
and by large measures of immediate relief through foreign
231
Wages of women why lower than those of men
242
No land can pay rent except land of such quality or situation
251
The rent of land consists of the excess of its return above
257
Of Value
264
Of Cost of Production in its relation to Value
274
81
302
Of the Value of Money as dependent
303
Credit not a creation but a transfer of the means of production
309
the distinction of little practical importance
322
89
325
Of an Inconvertible Paper Currency
328
Depreciation of currency a tax on the community and a fraud
334
Of a Measure of Value
341
Of International Trade
347
which depend on the Equation of International Demand
353
The preceding theory not complete
360
Of Money considered as an Imported
367
Distinction between variations in the exchanges which are self
373
International payments of a noncommercial character
379
1 The rate of interest depends on the demand and supply of loans
385
Of the Regulation of a Convertible
394
4
400
Should the issue of bank notes be confined to a single esta
408
Exchange and Money make no difference in the law of wages
416
Influence of the Progress of Industry
424
Influence of the Progress of Industry
430
Fifth case all the three elements progressive
437
In opulent countries profits habitually near to the minimum
443

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Page 558 - The only case in which, on mere principles of political economy, protecting duties can be defensible, is when they are imposed temporarily (especially in a young and rising nation) in hopes of naturalizing a foreign industry, in itself perfectly suitable to the circumstances of the country.
Page 577 - Now any well-intentioned and tolerably civilized government may think without presumption that it does or ought to possess a degree of cultivation above the average of the community which it rules, and that it should, therefore, be capable of offering better education and better instruction to the people, than the greater number of them would spontaneously select. Education, therefore, is one of those things which it is admissible in principle that a government should provide for the people.
Page 76 - But though they were very poor, and therefore but indifferently accommodated with the necessary machinery, they could, when they exerted themselves, make among them about twelve pounds of pins in a day.
Page 118 - The niggardliness of nature, not the injustice of society, is the cause of the penalty attached to overpopulation. An unjust distribution of wealth does not aggravate the evil, but, at most, causes it to be somewhat earlier felt. It is in vain to say that all mouths which the increase of mankind calls into existence bring with them hands. The new mouths require as much food as the old ones, and the hands do not produce as much.
Page 233 - Compute in any particular place, what is likely to be annually gained, and what is likely to be annually spent, by all the different workmen in any common trade, such as that of shoemakers or weavers, and you will find that the former sum will generally exceed the latter. But make the same computation with regard to all the counsellors and students of law, in all the different inns of court, and you will find that their annual gains bear but a very small proportion to their annual expense, even though...
Page 183 - It could never, however, be the interest even of this last species of cultivators, to lay out, in the further improvement of the land, any part of the little stock which they might save from their own share of the produce, because the lord, who laid out nothing, was to get one half of whatever it produced.
Page 455 - Most fitting, indeed, is it, that while riches are power, and to grow as rich as possible the universal object of ambition, the path to its attainment should be open to all, without favor or partiality.
Page 57 - Capital which in this manner fulfils the whole of its office in the production in which it is engaged, by a single use, is called circulating capital.
Page 231 - Honour makes a great part of the reward of all honourable professions. In point of pecuniary gain, all things considered, they are generally under-recompensed, as I shall endeavour to show by and by.
Page 456 - It is only in the backward countries of the world that increased production is still an important object: in those most advanced, what is economically needed is a better distribution, of which one indispensable means is a stricter restraint on population.

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