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THE PRINCIPELS OF POLITICAL ECONOMY APPLIED TO THE CONDITION, THE RESOURCES ...
Visualització completa - 1859
actual additional advantage agricultural already America amount annual average banks become bills called capital cause cent circulation circumstances coin commodities consequence considerable cost course currency debt demand depreciation diminished dollars effect employed employment England English equal excess exchange exist expense exports extent fact fall five foreign former give gold greater half hands imports increase individual industry instance interest issue labor land larger less limited manufactures means merchant metals millions natural nearly necessary needed notes obtain operations paid payment period persons Political population portion present principle probably produce profits proportion purchase quantity raise reason received rent respect result rise savings says sell silver specie supply theory things tion trade United wages wealth whole
Pàgina 478 - The statesman, who should attempt to direct private people in what manner they ought to employ their capitals, would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself...
Pàgina 477 - That the maxim of buying in the cheapest market, and selling in the dearest, which regulates every merchant in his individual dealings, is strictly applicable as the best rule for the trade of the whole nation.
Pàgina 124 - The laws and conditions of the production of wealth, partake of the character of physical truths. There is nothing optional, or arbitrary in them. Whatever mankind produce, must be produced in the modes, and under the conditions, imposed by the constitution of external things, and by the inherent properties of their own bodily and mental structure.
Pàgina 58 - One of those boys, who loved to play with his companions, observed that, by tying a string from the handle of the valve which opened this communication, to another part of the machine, the valve would open and shut without his assistance, and leave him at liberty to divert himself with his playfellows.
Pàgina 478 - It is the maxim of every prudent master of a family, never to attempt to make at home what it will cost him more to make than to buy.
Pàgina 502 - They were themselves, either from their original condition, or from the necessity of their common interest, nearly on a general level in respect to property. Their situation demanded a parcelling out and division of the lands, and it may be fairly said, that this necessary act fixed the future frame and form of their government. The character of their political institutions was determined by the fundamental laws respecting property.
Pàgina 227 - The property which every man has in his own labor, as it is the original foundation of all other property, so it is the most sacred and inviolable.
Pàgina 235 - In every society the price of every commodity finally resolves itself into some one or other, or all of those three parts; and in every improved society, all the three enter more or less, as component parts, into the price of the far greater part of commodities.