Outlines of Political Economy: Being a Republication of the Article Upon that Subject Contained in the Edinburgh Supplement to the Encyclopedia Britannica. Together with Notes Explanatory and Critical, and a Summary of the Science
Wilder & Campbell, 1825 - Economics - 188 pages
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Outlines of Political Economy
John Ramsay McCulloch,Joseph Dorfman,James Kent,S. S.
Snippet view - 1966
OUTLINES OF POLITICAL ECONOMY
J. R. (John Ramsay) 1789-186 McCulloch,John M'Vickar
No preview available - 2016
Common terms and phrases
able accumulation additional advantage agriculture amount appears balance become capital carried cause cent circumstances classes comforts commerce commodities comparative consequently considerable considered consists consumed continue corn cost cultivation demand depend division effect employed employment enabled England equally established exchange exist expense exportation fact fall give given greater important improvement increased individual industry influence interest labour land latter laws less limited manufactures materials means nature necessary never object observe obtain operation opinions paid particular period Political Economy population portion principle production profits progress proportion published quantity raised rate of profit reason reference regarded regulating render rent respecting result Ricardo rise says Smith society soil sufficient supply suppose term things tion trade true wages wealth writers yield
Page 160 - There is one sort of labour which adds to the value of the subject upon which it is bestowed: there is another which has no such effect. The former, as it produces a value, may be called productive; the latter, unproductive labour.
Page 108 - He is liable, in consequence, to be frequently without any. What he earns, therefore, while he is employed, must not only maintain him while he is idle, but make him some compensation for those anxious and desponding" moments which the thought of so precarious a situation must sometimes occasion.
Page 161 - It is, as it were, a certain quantity of labour stocked and stored up, to be employed, if necessary, upon some other occasion. That subject, or, what is the same thing, the price of that subject, can afterwards, if necessary, put into motion a quantity of labour equal to that which had originally produced it.
Page 171 - What is annually saved is as regularly consumed as what is annually spent, and nearly in the same time too ; but it is consumed by a different set of people.
Page 161 - Like the declamation of the actor, the harangue of the orator, or the tune of the musician, the work of all of them perishes in the very instant of its production.
Page 161 - The labour of some of the most respectable orders in the society is like that of menial servants, unproductive of any value, and does not fix or realize itself in any permanent subject or vendible commodity, which endures after that labour is past, and for which an equal quantity of labour could afterwards be procured.
Page 161 - The labour of the latter, however, has its value, and deserves its reward as well as that of the former. But the labour of the manufacturer fixes and realizes itself in some particular subject or vendible commodity, which lasts for some time at least after that labour is past.
Page 161 - Though the manufacturer has his wages advanced to him by his master, he, in reality, costs him no expense...
Page 121 - Corn is not high because a rent is paid, but a rent is paid because corn is high...