Principles of Political EconomyKelley, 1837 - Economics |
From inside the book
Results 1-5 of 100
Page 26
... increased difficulty in obtaining one capable of doing the usual quantity of work . II . Every new axe being worse than those previously used , there would be a constantly diminishing return to labour . III . Each year would see an increase ...
... increased difficulty in obtaining one capable of doing the usual quantity of work . II . Every new axe being worse than those previously used , there would be a constantly diminishing return to labour . III . Each year would see an increase ...
Page 39
... increase of capital in their vicinity , give new facilities for transporting their product to market . No. 5 and No. 6 come forward gradually , and in each case the further im- provements in the vicinity of those first occupied , tend ...
... increase of capital in their vicinity , give new facilities for transporting their product to market . No. 5 and No. 6 come forward gradually , and in each case the further im- provements in the vicinity of those first occupied , tend ...
Page 40
... increase of manufactures would produce an increase of demand for houses , and masses of granite that for centuries had been valueless , would be brought into activity . A rail road ap- plied to facilitate the transport of stone to ...
... increase of manufactures would produce an increase of demand for houses , and masses of granite that for centuries had been valueless , would be brought into activity . A rail road ap- plied to facilitate the transport of stone to ...
Page 48
... increase of capital and extension of cultivation , there must be an improvement in the condition of the labourer -an increased facility of obtaining landed or other capital - an increase in the amount of commodities obtainable for the ...
... increase of capital and extension of cultivation , there must be an improvement in the condition of the labourer -an increased facility of obtaining landed or other capital - an increase in the amount of commodities obtainable for the ...
Page 99
... increase of capital and extension of cultiva- tion , there is an increased facility of production . II . That with this increased facility of production , there is increased ability to accumulate capital . III . That with this increased ...
... increase of capital and extension of cultiva- tion , there is an increased facility of production . II . That with this increased facility of production , there is increased ability to accumulate capital . III . That with this increased ...
Other editions - View all
Common terms and phrases
accumulation acres advantages agriculture amount annum applied average bank Bank of England Britain bushels canals capitalist cause cent commodities compelled condition consequence constant constantly increasing corn cost cotton cultivation diminished diminution dollars employed employment enabled Encyclopædia Britannica England equal estimated exchange exist expenditure expense export farm fertile land former France give greater half hundred quarters Ibid improvement increase of population India inferior soils interest invested Ireland latter laws less machinery manufactures marriages Massachusetts ment millions nearly necessary obtain paid period persons Political Economy possession pounds pounds sterling present product of labour profits proportion purchase quantity of labour rail roads rate of profit raw produce received rendered rent return to labour revenue rupees Scotland security of person square mile subsistence supposed taxes tends tion tivation trade United wages wealth wheat whole yield
Popular passages
Page 187 - Rent is that portion of the produce of the earth which is paid to the landlord for the use of the original and indestructible powers of the soil.
Page 10 - In the name of God, amen. We whose names are underwritten, the loyal subjects of our dread sovereign Lord King James, by the grace of God of Great Britain, France, and Ireland King, Defender of the Faith, etc., having undertaken, for the glory of God and advancement of the Christian faith and honor of our king and country, a voyage to plant the first colony in the northern parts of Virginia...
Page 10 - God and one of another, covenant and combine ourselves together into a civil body politic, for our better ordering and preservation and furtherance of the ends aforesaid; and by virtue hereof to enact, constitute, and frame such just and equal laws, ordinances, acts, constitutions, and offices, from time to time, as shall be thought most meet and convenient for the general good of the colony, unto which we promise all due submission and obedience.
Page 190 - It is only, then, because land. is not unlimited in quantity and uniform in quality, and because, in the progress of population, land of an inferior quality, or less advantageously situated, is called into cultivation, that rent is ever paid for the use of it.
Page 310 - Men are much more likely to discover easier and readier methods of attaining any object when the whole attention of their minds is directed towards that single object than when it is dissipated among a great variety of things. But in consequence of the division of labour...
Page 310 - ... the increase of dexterity in every particular workman; secondly, to the saving of time, which is commonly lost in passing from one species of work to another; and, lastly, to the invention of a great number of machines which facilitate and abridge labour, and enable one man to do the work of many.
Page 57 - We will suppose the means of subsistence in any country just equal to the easy support of its inhabitants. The constant effort towards population, which is found to act even in the most vicious societies, increases the number of people before the means of subsistence are increased.
Page 459 - Whilst we follow them among the tumbling mountains of ice, and behold them penetrating into the deepest frozen recesses of Hudson's Bay and Davis's Straits, whilst we are looking for them beneath the arctic circle, we hear that they have pierced into the opposite region of polar cold, that they are at the antipodes, and engaged under the frozen serpent of the south.
Page 241 - ... any body politic or corporate whatsoever, erected or to be erected, or for any other persons whatsoever united or to be united in covenants or partnership, exceeding the number of six persons, in that part of Great Britain called England, to borrow, owe, or take up any sum or sums of money on their bills or notes payable at demand, or at any less time than six months from the borrowing thereof...
Page 459 - Nor is the equinoctial heat more discouraging to them than the accumulated winter of. both the Poles. We know that whilst some of them draw the line and strike the harpoon on the coast of Africa, others run the longitude, and pursue their gigantic game, along the coast of Brazil.