The Philosophy of Trade: Or, Outlines of a Theory of Profits and Prices, Including an Examination of the Principles which Determine the Relative Value of Corn, Labour, and CurrencyOliver & Boyd, 1846 - 380 pagina's |
Overige edities - Alles bekijken
The Philosophy of Trade: Or, Outlines of a Theory of Profits and Prices ... Patrick James Stirling Volledige weergave - 1846 |
The Philosophy of Trade: Outlines of a Theory of Profits and Prices ... Patrick James Stirling Volledige weergave - 1846 |
The Philosophy of Trade: Or Outlines of a Theory of Profits and Prices ... Patrick James Stirling Geen voorbeeld beschikbaar - 2009 |
Veelvoorkomende woorden en zinsdelen
100 quarters 20 per cent 487 dollars Adam Smith agriculture altered amount average bills BOOK capital employed capital of 100 cause CHAP CHAPTER circulation commodities consequence corn and labour cost cultivation demand departments deviation diminished dities effect elevation enlargement equal estimated in gold exchangeable value exports gold bullion gold coin increase land London manufacturer market price material of money merchant metallic currency modity money price money value natural price natural rate obtained Oporto ordinary rate ounce of gold population pound pound sterling price of bullion price of corn price of gold price of labour principle proportion quantity of gold quantity of labour quarters of wheat rate of profits reduced redundant regulated rent Ricardo rise or fall seignorage sell sold sovereigns specie standard gold supply of corn supply of gold supply of labour suppose tion value of corn value of labour Wealth of Nations York
Populaire passages
Pagina 334 - If among a nation of hunters, for example, it usually costs twice the labour to kill a beaver which it does to kill a deer, one beaver should naturally exchange for or be worth two deer. It is natural that what is usually the produce of two days...
Pagina 34 - The natural price, therefore, is, as it were, the central price, to which the prices of all commodities are continually gravitating. Different accidents may sometimes keep them suspended a good deal above it, and sometimes force them down even somewhat below it. But whatever may be the obstacles which hinder them from settling in this center of repose and continuance, they are constantly tending towards it.
Pagina 334 - IN that early and rude state of society which precedes both the accumulation of stock and the appropriation of land...
Pagina 92 - The labourer therefore must do more work to earn the same as he did before. During this season of distress, the discouragements to marriage and the difficulty of rearing a family are so great that the progress of population is retarded.
Pagina 206 - ... large territory has generally an abundance, but the inferior machinery which may be said to be employed when good land is further and further forced for additional produce. As the price of raw produce continues to rise, these inferior machines are successively called into action ; and, as the price of raw produce continues to fall, they are successively thrown out of action. The illustration here used serves to show at once the necessity of the actual price of corn to the actual produce, and...
Pagina 122 - ... will allow: he has always some portion of this floating capital, increasing or diminishing according to the activity of the demand for his commodities. When the demand for silks increases, and that for cloth diminishes, the clothier does not remove with his capital to the silk trade, but he dismisses some of his workmen, he discontinues his demand for the loan from bankers and...
Pagina 36 - It is worth while to remark, that a product is no sooner created, than it, from that instant, affords a market for other products to the full extent of its own value.
Pagina 91 - 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. The food, therefore, which before supported eleven millions, must now be divided among eleven millions and a half.
Pagina 336 - But though labour be the real measure of the exchangeable value of all commodities, it is not that by which their value is commonly estimated. It is often difficult to ascertain the proportion between two different quantities of labour. The time spent in two different sorts of work will not always alone determine this proportion. The different degrees of hardship endured, and of ingenuity exercised, must likewise be taken into account.10 There may be more labour in an hour's hard work than in two...
Pagina 91 - 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.