The Elements of Political Economy

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Leavitt, Lord, 1837 - 472 pages
 

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Page 203 - And Abraham hearkened unto Ephron; and Abraham weighed to Ephron the silver, which he had named in the audience of the sons of Heth, four hundred shekels of silver, current money with the merchant.
Page 77 - 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.
Page v - His object has been to write a book, which, any one who chooses may understand. He has, therefore, labored to express the general principles in the plainest manner possible, and to illustrate them by cases with which every person is familiar. It has been to the author a source of regret, that the course of discussion in the following pages, has, unavoidably, led him over ground which has frequently been the arena of political controversy.
Page vii - ... led him over ground which has frequently been the arena of political controversy. In all such cases, he has endeavored to state what seemed to him to be truth, without fear, favor, or affection. He is conscious to himself of no bias towards any party whatever, and he thinks that he who will read the whole work, will be convinced that he has been influenced by none.
Page 71 - By his admirable contrivance, it has become a thing stupendous alike for its force and its flexibility, for the prodigious power which it can exert, and the ease, and precision, and ductility, with which it can be varied, distributed, and applied. The trunk of an elephant, that can pick up a pin or rend an oak, is as nothing to it.
Page 71 - It can engrave a seal, and crush masses of obdurate metal before it ; draw out, without breaking, a thread as fine as gossamer, and lift a ship of war like a bauble in the air. It can embroider muslin and forge anchors, cut steel into ribbons, and impel loaded vessels against the fury of the winds and waves.
Page 67 - It is obvious that a great addition is made to human lxiwer, where the agents for creating momentum have been discovered. But this is not all. There may be formed several combinations of matter, by which mere human force may be greatly assisted, and which, by being united with the agents for creating momentum, may greatly increase, and vary, and give adaptation to, its utility. These are called the mechanical powers, which are treated of at large, in works on Mechanics and Natural Philosophy. In...
Page 71 - It is our improved steam engine, that has fought the battles of Europe, and exalted and sustained, through the late tremendous contest, the political greatness of our land. It is the same great power which now enables us to pay the interest of our debt, and to maintain the arduous struggle in which we are still engaged, with the skill and capital of countries less oppressed with taxation.
Page vi - The Principles of Political Economy are so closely analogous to those of Moral Philosophy, that almost every question in the one, may be argued on grounds belonging to the other.
Page 99 - That its tendency is to create an increased demand for labor ; that is, to produce a rise of wages in that department of industry, into which natural agents are specially introduced ; and it does this according to the degree in which they are introduced. That is, in general, the introduction of machinery renders the wages of the laborer more valuable ; it raises the wages of labor in general, and raises the wages of labor specially, in that department in which natural agents are employed. What any...

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