Principles of EconomicsH. Holt, 1917 - 662 pages |
Contents
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Common terms and phrases
American bank notes buyers capital cause cent Chap chapters cities coin commodities competition connection consumers consumption coöperation corporations credit money demand deposits determine distribution earnings efficiency employers enterprisers expenses of production factors favorable Federal reserve banks fund gold grade Gresham's Law important increase industrial society inheritance taxes Interstate Commerce Commission investment labor copartnership less limited loans manufacturing marginal utilities means medium of exchange ment money income monopoly profits national bank natural monopolies nomic normal organization paid payment persons population present Principles of Economics progress protection purchasing railroad rate of interest reason regulation rent result revenue secure share silver dollars social standard supply tariff taxation tion token money trade trade unions trusts United United Kingdom wage-earners wages-of-management wealth wheat workers workmen
Popular passages
Page 16 - ... the duty of erecting and maintaining certain public works and certain public institutions, which it can never be for the interest of any individual. or small number of individuals, to erect and maintain, because the profit could never repay the expense to any individual or small number of individuals, though it may frequently do much more than repay it to a great society.
Page 475 - Nothing contained in the antitrust laws shall be construed to forbid the existence and operation of labor, agricultural, or horticultural organizations, instituted for the purposes of mutual help, and not having capital stock or conducted for profit, or to forbid or restrain individual members of such organizations from lawfully carrying out the legitimate objects thereof; nor shall such organizations, or the members thereof, be held or construed to be illegal combinations or conspiracies in restraint...
Page 303 - Secondly, that the passion between the sexes is necessary and will remain nearly in its present state. . . . Assuming then my postulata as granted, I say, that the power of population is indefinitely greater than the power in the earth to produce subsistence for man.
Page 16 - ... the duty of protecting the society from the violence and invasion of other independent societies; secondly, the duty of protecting, as far as possible, every member of the society from the injustice or oppression of every other member of it...
Page 107 - The things which have the greatest value in use have frequently little or no value in exchange; and on the contrary, those which have the greatest value in exchange have frequently little or no value in use. Nothing is more useful than water: but it will purchase scarce anything; scarce anything can be had in exchange for it.
Page 410 - Office to any person who has invented or discovered any new and useful art, machine, manufacture, or composition of matter...
Page 310 - there are three things which are unfilial ; and to have no posterity is the greatest of them.
Page 537 - What I, therefore, propose, as the simple yet sovereign remedy, which will raise wages, increase the earnings of capital, extirpate pauperism, abolish poverty, give remunerative employment to whoever wishes it, afford free scope to human powers, lessen crime, elevate morals, and taste, and intelligence, purify government and carry civilization to yet nobler heights, is — to appropriate rent by taxation.
Page 470 - That a trust is a combination of capital, skill, or acts by two or more persons...
Page 551 - ... an organization or combination of workingmen be to hamper or to restrict that freedom, and, through contracts or arrangements with employers, to coerce other workingmen to become members of the organization and to come under its rules and conditions, under the penalty of the loss of their position and of deprivation of employment, then that purpose seems clearly unlawful, and militates against the spirit of our government and the nature of our institutions.