Political Economy

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Macmillan, 1881 - Economics - 134 pages

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Page 126 - Every tax ought to be so contrived as both to take out and to keep out of the pockets of the people as Little as possible, over and above what it brings into the public treasury of the state.
Page 55 - ... first, the agreeableness or disagreeableness of the employments themselves; secondly, the easiness and cheapness, or the difficulty and expense of learning them; thirdly, the constancy or inconstancy of employment in them; fourthly, the small or great trust which must be reposed in those who exercise them; and fifthly, the probability or improbability of success in them.
Page 125 - The tax which each individual is bound to pay ought to be certain, and not arbitrary. The time of payment, the manner of payment, the quantity to be paid, ought all to be clear and plain to the contributor, and to every other person.
Page 34 - This great increase of the quantity of work which, in consequence of the division of labour, the same number of people are capable of performing, is owing to three different circumstances; first, to the increase of dexterity in every particular workman; secondly, to the saving of the time which is commonly lost in passing from one species of work to another ; and lastly, to the invention of a great number of machines which facilitate and abridge labour, and enable one man to do the work of many.
Page 126 - Every tax ought to be levied at the time, or in the manner, in which it is most likely to be convenient for the contributor to pay it.
Page 124 - The subjects of every state ought to contribute towards the support of the government, as nearly as possible, in proportion to their respective abilities ; that is, in proportion to the revenue which they respectively enjoy under the protection of the state.
Page 54 - Secondly, the wages of labour vary with the easiness and cheapness, or the difficulty and expense of learning the business. When any expensive machine is erected, the extraordinary work to be performed by it before it is worn out, it must be expected, will replace the capital laid out upon it, with at least the ordinary profits.
Page 9 - that just as physical science was formerly hated, so now there is a kind of ignorant dislike and impatience of political economy." It is plain, therefore, that the low estimate of the studies of our section which is entertained by some members of the Association, is no isolated phenomenon, but is related to a mass of opinion outside the...
Page 130 - Macmillan are now* publishing a New Series of Science Primers, under the joint Editorship of Professors HUXLEY, ROSCOE, and BALFOUR STEWART. The object of these Primers is to convey information in such a manner as to make it both intelligible and interesting to pupils in the most elementary classes.
Page 133 - Works by BALFOUR STEWART, FRS, Professor of Natural Philosophy in the Victoria University the Owens College, Manchester.

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