Principles of Political EconomyKelley, 1837 - Economics |
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Page 12
... inferior to that which can now be made , that it is abandoned , and ceases to have any value whatever . It will not perhaps exchange for the labour of a single day . The first axe ceases to have value . The increased capital of the ...
... inferior to that which can now be made , that it is abandoned , and ceases to have any value whatever . It will not perhaps exchange for the labour of a single day . The first axe ceases to have value . The increased capital of the ...
Page 26
... inferior productive power , it must follow , I. That with every extension of cultivation , there must be an increase in the quantity of labour required for bringing into action a quantity of land necessary to yield any given amount of ...
... inferior productive power , it must follow , I. That with every extension of cultivation , there must be an increase in the quantity of labour required for bringing into action a quantity of land necessary to yield any given amount of ...
Page 36
... inferior lands of district No. 1 are exempt , having the advantage of the improvements that have been made by the occupants of the most fertile soils . The use of the spade and the plough enables the owners of those of the second degree ...
... inferior lands of district No. 1 are exempt , having the advantage of the improvements that have been made by the occupants of the most fertile soils . The use of the spade and the plough enables the owners of those of the second degree ...
Page 37
... inferior fertility are brought into action . Proximity makes amends for difference of soil , as no man would cultivate land of second fertility , unless it would yield as much as he could obtain upon those of the first quality a little ...
... inferior fertility are brought into action . Proximity makes amends for difference of soil , as no man would cultivate land of second fertility , unless it would yield as much as he could obtain upon those of the first quality a little ...
Page 39
... inferior soil , that will yield no return to labour . Year after year , and perhaps century after cen- tury , passes away , during which time capital is invested in roads through them , yet they yield nothing to the owner in return for ...
... inferior soil , that will yield no return to labour . Year after year , and perhaps century after cen- tury , passes away , during which time capital is invested in roads through them , yet they yield nothing to the owner in return for ...
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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.