The Principles of Economical Philosophy, Bind 2,Oplag 1Longmans, Green, Reader, and Dyer, 1875 |
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Side xi
... Adam Smith adopts both these currency fallacies 369 44. Bullion as the representative of debt is the only proper basis upon which to found a paper currency 370 § 45. Bullion is the only regulator of its amount CONTENTS . ΧΙ.
... Adam Smith adopts both these currency fallacies 369 44. Bullion as the representative of debt is the only proper basis upon which to found a paper currency 370 § 45. Bullion is the only regulator of its amount CONTENTS . ΧΙ.
Side 1
... Adam Smith's entire work , seems to be especially applicable to this chapter . The author has not " simplified his subject by referring everything to one principle ; a principle which should bring all his reasonings into a very small ...
... Adam Smith's entire work , seems to be especially applicable to this chapter . The author has not " simplified his subject by referring everything to one principle ; a principle which should bring all his reasonings into a very small ...
Side 51
... Adam Smith considered profits to be determined by what he called the competition of capital ; and concluded that when capital increased this competition must likewise increase , and profits must fall . " After quoting from Smith as ...
... Adam Smith considered profits to be determined by what he called the competition of capital ; and concluded that when capital increased this competition must likewise increase , and profits must fall . " After quoting from Smith as ...
Side 52
... Adam Smith really held that doc- trine ; for his language on the subject is wavering and unsteady . denoting the absence of a definite and well - digested opinion . Occasionally he seems to think that the mode in which the com- petition ...
... Adam Smith really held that doc- trine ; for his language on the subject is wavering and unsteady . denoting the absence of a definite and well - digested opinion . Occasionally he seems to think that the mode in which the com- petition ...
Side 53
... Adam Smith meditated longer on the subject , and systematised his views of it by harmonising with each other the various glimpses which he caught of it from different points , he would have perceived that this last is the true cause of ...
... Adam Smith meditated longer on the subject , and systematised his views of it by harmonising with each other the various glimpses which he caught of it from different points , he would have perceived that this last is the true cause of ...
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Almindelige termer og sætninger
absurd Adam Smith advance agricultural amount annuity annum assignats bank notes Bank of England bankers Bills of Exchange brought bullion called capital cause cent circulation commerce commodities consequence consider cost of production Credit cultivation debt demand diminished division of labour doctrine Economics effect employed employment equal exactly export fall fallacy France give gold and silver greater Hence income inferior lands issue Law of Value London lower manufactures means merchant metals Mill nature necessary operation paid paper currency payable payment persons Political Economy price of corn Principles of Political proportion purchase quantity of labour quantity of money rate of discount rate of interest Rate of Profit ratio receive rent Ricardo Right rise says sell shew shewn Smith sold specie supply suppose theory things tithes trade true usual usury value of money Wages fund Wealth of Nations workmen
Populære passager
Side 173 - In the progress of the division of labour, the employment of the far greater part of those who live by labour, that is, of the great body of the people, comes to be confined to a few very simple operations, frequently to one or two. But the understandings of the greater part of men are necessarily formed by their ordinary employments.