Three Lectures on the Cost of Obtaining Money: And on Some Effects of Private and Government Paper Money : Delivered Before the University of Oxford, in Trinity Term, 1829, Volume 28J. Murray, 1830 - 103 pages |
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Page xviii
... loss ? It is true , that if we adopt no preventive measures , if we persist blindly in our course of error , the temporary relief afforded by emigration will come to an end , and the vacuum will , in sixteen or seventeen years , be ...
... loss ? It is true , that if we adopt no preventive measures , if we persist blindly in our course of error , the temporary relief afforded by emigration will come to an end , and the vacuum will , in sixteen or seventeen years , be ...
Page 28
... loss . The rate of exchange between London and Paris is generally rather in favour of London , and scarcely ever so deviates from par between any two coun- tries , as to cover the expense of transferring the THE V precious metals from ...
... loss . The rate of exchange between London and Paris is generally rather in favour of London , and scarcely ever so deviates from par between any two coun- tries , as to cover the expense of transferring the THE V precious metals from ...
Page 35
... loss diffused ; when he is absent , the gain is diffused , and the loss concen- trated . When he quits his estate , we can put our finger on the village tradesman and labourer who lose his custom and employment . We cannot trace the ...
... loss diffused ; when he is absent , the gain is diffused , and the loss concen- trated . When he quits his estate , we can put our finger on the village tradesman and labourer who lose his custom and employment . We cannot trace the ...
Page 46
... loss , would depend on the comparative values in France of that commodity , and of his wine , after deducting the expenses of carriage . We have already seen that no com- modities are so permanent in their value , so uni- form in their ...
... loss , would depend on the comparative values in France of that commodity , and of his wine , after deducting the expenses of carriage . We have already seen that no com- modities are so permanent in their value , so uni- form in their ...
Page 63
... losses in the preceding years had diminished speculation and credit , and bank notes were rising to a par , indeed had almost reached a par , with gold . The restriction act was gradually repealed , the market price sunk fourpence ...
... losses in the preceding years had diminished speculation and credit , and bank notes were rising to a par , indeed had almost reached a par , with gold . The restriction act was gradually repealed , the market price sunk fourpence ...
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Three Lectures on the Cost of Obtaining Money: And on Some Effects of ... Nassau William Senior No preview available - 2016 |
Three Lectures on the Cost of Obtaining Money: And on Some Effects of ... Nassau William Senior No preview available - 2015 |
Common terms and phrases
Adam Smith advantage amount of wages assignâts average Bank of England benefit bullion capital capitalist cause circulation coin commercial consequences consumed corn Corn Laws depends diminished dities effect employed enable England English labour equal evil exchange exertion expense export extent favour foreign commodities former France French fund gold and silver guineas Hindostan hundred quarters importation income increase industry Ireland issue labouring classes land landlord Lecture less livres loss machinery MAGDALEN COLLEGE maintained maintenance of labour mercantile theory millions sterling modities NASSAU WILLIAM SENIOR nation nominal value number of labourers occasion paid paper currency paper money payment political economy population portion pounds precious metals price of labour principles probably produce productive consumers prohibited proportion purchase quantity raise rate of profit rate of wages received remain rent restrictions revenue Ricardo rise sell silk sovereigns subsistence supply supposed tion unaltered UNIVERSITY OF OXFORD wealth whole words worth
Popular passages
Page 79 - That freedom from restraint is calculated to give the utmost extension to foreign trade, and the best direction to the capital and industry of the country. 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.
Page 86 - ... excess of such duties as are partly for the purpose of revenue, and partly for that of protection,— that the prayer of the present Petition is respectfully submitted to the wisdom of Parliament. " Your Petitioners therefore humbly pray, that your honourable House will be pleased to take the subject into consideration, and to adopt such measures as may be calculated to give greater freedom to foreign commerce, and thereby to increase the resources of the State.
Page 80 - That the prevailing prejudices in favour of the protective or restrictive system, may be traced to the erroneous supposition that every importation of foreign commodities occasions a diminution or discouragement of our own productions to the same extent; whereas it may be clearly shown, that although the particular description of production which could not stand against unrestrained foreign competition would be discouraged, yet as no importation could be continued for any length of time without a...
Page 2 - 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.
Page 23 - The judicious operations of banking, by providing, if I may be allowed so violent a metaphor, a sort of wagon-way through the air, enable the country to convert, as it were, a great part of its highways into good pastures and cornfields, and thereby to increase very considerably the annual produce of its land and labor.
Page 39 - ... the extent of the fund for the maintenance of labourers, compared with the number of labourers to be maintained.
Page 80 - Government of this and of every other country ; each trying to exclude the productions of other countries, with the specious and well-meant design of encouraging its own productions...
Page 15 - The mine worked by England is the general market of the world : the miners are those who produce those commodities by the exportation of which the precious metals are obtained...
Page 101 - Wages are to be estimated by their real value, viz. by the quantity of labour and capital employed in producing them, and not by their nominal value either in coats, hats, money, or corn. Under the circumstances I have just supposed, commodities would have fallen to half their former value, and if money had not varied, to half their former price also.
Page 23 - The gold and silver money which circulates in any country may very properly be compared to a highway, which, while it circulates and carries to market all the grass and corn of the country, produces itself not a single pile of either.