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 37
... sell a cake to another and keep it for himself . 4 9 1 The last cause to which I attribute the slow progress of correct opinions on this subject , is their distastefulness to the most influential mem- bers of the community . Nothing can ...
... sell a cake to another and keep it for himself . 4 9 1 The last cause to which I attribute the slow progress of correct opinions on this subject , is their distastefulness to the most influential mem- bers of the community . Nothing can ...
Page 5
... sell in Hindostan for from one pound two ounces , to two pounds four ounces of silver ; that is , for from twelve to twenty - four ounces as the wages of the labour , and from two to four ounces as the profit of the capital employed ...
... sell in Hindostan for from one pound two ounces , to two pounds four ounces of silver ; that is , for from twelve to twenty - four ounces as the wages of the labour , and from two to four ounces as the profit of the capital employed ...
Page 17
... two hundred quarters annually retained by the farmer to pay his profit and his labourers ' wages . And as the landlord's two hundred quarters sell for the same с price , his rent must also be 2861. a year OBTAINING MONEY . 17.
... two hundred quarters annually retained by the farmer to pay his profit and his labourers ' wages . And as the landlord's two hundred quarters sell for the same с price , his rent must also be 2861. a year OBTAINING MONEY . 17.
Page 46
... sell his wine for a certain quantity of English notes of a given denomination . These notes , as he could not export them , he must again exchange for some other commodity in Eng- land ; and his profit , or loss , would depend on the ...
... sell his wine for a certain quantity of English notes of a given denomination . These notes , as he could not export them , he must again exchange for some other commodity in Eng- land ; and his profit , or loss , would depend on the ...
Page 47
... sell for only five hundred . And a bill in England on France , which would have sold for four hundred coined sovereigns , would sell for eight hundred pounds payable in notes . And supposing the transac- tions between OF PAPER MONEY . 47.
... sell for only five hundred . And a bill in England on France , which would have sold for four hundred coined sovereigns , would sell for eight hundred pounds payable in notes . And supposing the transac- tions between OF PAPER MONEY . 47.
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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.