Elements of EconomicsC. Scribner's Sons, 1921 - 364 pages |
Contents
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Common terms and phrases
advantages agriculture American amount automobile balance of trade bonds bushels capital cause cent chiefly child labor circulation closed shop coinage coins companies competition consumer corporation cost of production demand direct taxes dollars economic eight-hour day employers employment example exchange expense exports factory farm farmer favor Federal Reserve Bank Federal Reserve notes foreign gold Gresham's law immigrants important income increased industry investment issued labor organizations land less loans machinery manufacturing marginal marginal utility ment National Bank natural monopolies operated ownership paid paper money payment person population production of wealth profits promissory note protective tariff purchase railroads rate of interest receive rent result revenue rise secondary boycott secure sell sellers ships silver socialists sold SPECIAL REPORTS strike supply taxation tion token money TOPICS FOR DISCUSSION trade union United utility wages wants wheat York
Popular passages
Page 328 - 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 329 - 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 332 - ... everything that comes from abroad, or is grown at home — taxes on the raw material — taxes on every fresh value that is added to it by the industry of man...
Page 332 - ... raw material — taxes on every fresh value that is added to it by the industry of man — taxes on the sauce which pampers man's appetite, and the drug that restores him to health — on the ermine which decorates the judge, and the rope which hangs the criminal — on the poor man's salt, and the rich man's spice— on the brass nails of the coffin, and ihe ribands of the bride — at bed or board, couchant or levant, we must pay.
Page 249 - Office to any person who has invented or discovered any new and useful art, machine, manufacture, or composition of matter...
Page 313 - 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 330 - 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 313 - Though his titles have been acquiesced in by generation after generation, to the landed estates of the Duke of Westminster the poorest child that is born in London today has as much right as his eldest son. Though the sovereign people of the State of New York consent to the landed possessions of the Astors, the puniest infant that comes wailing into the world in the squalidest room of the most miserable tenement house, becomes at that moment seized of an equal right with the millionaires. And it...
Page 249 - ... not patented or described in any printed publication in this or any foreign country, before his invention or discovery thereof...
Page 27 - A linen shirt, for example, is, strictly speaking, not a necessary of life. The Greeks and Romans lived, I suppose, very comfortably though they had no linen. But in the present times, through the greater part of Europe, a creditable daylabourer would be ashamed to appear in public without a linen shirt...