Outlines of EconomicsMacmillan, 1893 - 432 pages |
Contents
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Common terms and phrases
activity Adam Smith advantages American American Economic Association amount Austrian school banks become bimetallism called capital cent CHAPTER cities civilization classes competition consider consumed consumption coöperation cost cultivation debts desire distribution dollars economic economists employers England especially exchange existing expenditure expense fact factors factors of production favor G. P. Putnam's Sons gold human important income increase individual individual capital industrial interest Knights of Labor labor organizations land legislation less limited luxury manufacture means ment modern monopoly natural natural monopolies nomic ownership paper money person Political Economy present principle private enterprise private property production profit protection protectionism question railways regulation rent result revenue saving secure silver simply social society taxation taxes theory things tion trades unions United utility wage-earners wages wealth workingmen workmen York
Popular passages
Page 359 - There is that scattereth, and yet increaseth; and there is that withholdeth more than is meet, but it tendeth to poverty.
Page 246 - That the percentage of outlay for clothing i,s approximately the same, whatever the income. Third.
Page 10 - His substance also was seven thousand sheep, and three thousand camels, and five hundred yoke of oxen, and five hundred she asses, and a very great household; so that this man was the greatest of all the men of the east.
Page 378 - Occident was discovered, and this gave a new impulse to thought, and within two centuries forced new and strange economic phenomena upon the attention of Europeans. This new world has continued to force new phenomena of an economic nature upon the old world even up to the present year, and has ever been a fruitful cause of economic study. The new course of trade to the East, which followed upon the discovery of the route to India around the Cape of Good Hope by Vasco da Gama in 1498, must be mentioned...
Page 40 - There were dark patches even in his age, but we now approach a darker period, a period as disastrous and terrible as any through which a nation ever passed ; disastrous and terrible because side by side with a great increase of wealth was seen an enormous increase of pauperism, and production on a vast scale led to a rapid alienation of classes and to the degradation of a large body of producers.
Page 243 - Bureau, has advanced the theory that it might be possible by a careful study of a sufficient number of family budgets for a period of years to construct a sort of social signal service. His idea is that changes in total expenditure and in expenditures for various items in a sufficient number of typical families could enable us to predict the coming of industrial storms.
Page 204 - ... first, the agreeableness or disagreeableness of the employments themselves; secondly, the easiness and cheapness, or the difficulty and expense of learning them; thirdly, the constancy or inconstancy of employment in them; fourthly, the small or great trust which must be reposed in those who exercise them; and, fifthly, the probability or improbability of success in them.
Page 160 - University: (1) Credit furnishes a more perfect and convenient means of payment in large sums and between distant places than the precious metals, saving time and labor. This is effected by means of notes, checks and bills of exchange.
Page 244 - That the percentage of outlay for lodging, or rent, and for fuel and light, is invariably the same, whatever the income. Fourth, That as the income increases in amount, the percentage of outlay for "sundries