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 4
... ounces of silver , the value in silver in Hindostan and in England , of the produce of a year's labour of one man , his wages having been advanced for a year , would also be two hundred and eighty ounces , and as the labourer receives ...
... ounces of silver , the value in silver in Hindostan and in England , of the produce of a year's labour of one man , his wages having been advanced for a year , would also be two hundred and eighty ounces , and as the labourer receives ...
Page 5
... ounces , and as the labourer receives only twenty- four ounces of silver in Hindostan , and only one hundred and eighty ounces in England , the Hindoo capitalist must receive , on the sum advanced by him in payment of wages , a profit ...
... ounces , and as the labourer receives only twenty- four ounces of silver in Hindostan , and only one hundred and eighty ounces in England , the Hindoo capitalist must receive , on the sum advanced by him in payment of wages , a profit ...
Page 6
... ounces . In other words , the same sum of labour and abstinence , or , in other words , the same sacrifice of ease and of immediate enjoy- ment , obtains in America twenty - three pounds four ounces ; in England sixteen pounds three ounces ...
... ounces . In other words , the same sum of labour and abstinence , or , in other words , the same sacrifice of ease and of immediate enjoy- ment , obtains in America twenty - three pounds four ounces ; in England sixteen pounds three ounces ...
Page 7
... ounces of silver , the corn produced by him in a year on the worst land , his wages having been advanced for a year , must be worth nine pounds nine ounces of silver , and cannot be permanently worth either more or less . If his wages ...
... ounces of silver , the corn produced by him in a year on the worst land , his wages having been advanced for a year , must be worth nine pounds nine ounces of silver , and cannot be permanently worth either more or less . If his wages ...
Page 17
... ounces of silver a week , the agriculturist will receive 10s . or about two ounces of silver a week . We will suppose that the farmer in question employs ten labourers , whose wages are advanced for a year before the produce is sold ...
... ounces of silver a week , the agriculturist will receive 10s . or about two ounces of silver a week . We will suppose that the farmer in question employs ten labourers , whose wages are advanced for a year before the produce is sold ...
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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.