Principles of Political Economy, Parts 1-4 |
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Page 11
... applying labour , no further fall would take place until a further improvement was effected . The more slowly those ... applied to raising potatoes . They will measure the value of the articles that they desire in exchange , by the ...
... applying labour , no further fall would take place until a further improvement was effected . The more slowly those ... applied to raising potatoes . They will measure the value of the articles that they desire in exchange , by the ...
Page 19
... applied to their production at the time and place at which they are re- quired . Labour is thus the sole cause of value . We arrive now at the following conclusions.— L. That the cause of the value attached to commodities , or things ...
... applied to their production at the time and place at which they are re- quired . Labour is thus the sole cause of value . We arrive now at the following conclusions.— L. That the cause of the value attached to commodities , or things ...
Page 20
... applied thereon , and that which could be obtained by the same quantity of labour applied to the worst land required to be cultivated to supply the quantity of food necessary for the population . If the former will yield two hundred ...
... applied thereon , and that which could be obtained by the same quantity of labour applied to the worst land required to be cultivated to supply the quantity of food necessary for the population . If the former will yield two hundred ...
Page 23
... applied to produce it at the place required . He who wants it to turn a mill , pays for it on the same principle . He wants a given power at a given place . The water - power of the Falls of Niagara has been running to waste for ...
... applied to produce it at the place required . He who wants it to turn a mill , pays for it on the same principle . He wants a given power at a given place . The water - power of the Falls of Niagara has been running to waste for ...
Page 24
... gold and silver - of iron and clay- is due exclusively to the labour applied to their production . So long as that which is employed in the production of water , ice , fish , birds , or oil , which certainly exist 24 OF VALUE .
... gold and silver - of iron and clay- is due exclusively to the labour applied to their production . So long as that which is employed in the production of water , ice , fish , birds , or oil , which certainly exist 24 OF VALUE .
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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 15 - 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 15 - 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 315 - 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 205 - Corn is not high because a rent is paid, but a rent is paid because corn is high ; and it has been justly observed, that no reduction would take place in the price of corn, although landlords should forego the whole of their rent.
Page 315 - ... 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 466 - 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.
Page 195 - ... in which there is an abundance of rich and fertile land, a very small proportion of which is required to be cultivated for the support of the actual population, or indeed can be cultivated with the capital which the population can command, there will be no rent; for no one would pay for the use of land, when there was an abundant quantity not yet appropriated and, therefore, at the disposal of whosoever might choose to cultivate it.
Page 64 - 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 192 - 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 466 - 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.