The Journal of Political Economy, Volume 4University of Chicago Press, 1896 |
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Common terms and phrases
according Adam Smith amount Austrian school Austrian theory average bank basis bill bimetallism branch buyers Cairnes capital capitalist cash census cent chap circulation coinage commerce commodities cost of production currency demand and supply demand for money deposits determined Detroit River directors discussion doctrine economic economists effect exchange value fact factor favor France freight fund German gold coins HENRY PARKER WILLIS Ibid importance income tax increase industry influence interest labor lake Latin Union law of costs less loan marginal utility Mary's Falls Canal ment monetary paid payment pleasure Political Economy ports present president principle Professor Hadley profits quantity theory question regard regulated result seller seller's valuation silver social specie standard statement statistics stockholders subjective value thalers theory of value tion tonnage tons trade transactions treaty Union United volume wages Weber's law
Popular passages
Page 64 - Nature has placed mankind under the governance of two sovereign masters, pain and pleasure. It is for them alone to point out what we ought to do, as well as to determine what we shall do.
Page 364 - Equal quantities of labour, at all times and places, may be said to be of equal value to the labourer. In his ordinary state of health, strength, and spirits, in the ordinary degree of his skill and dexterity, he must always lay down the same portion of his ease, his liberty, and his happiness.
Page 117 - Such as shall have been purchased at sales upon judgments, decrees or mortgages obtained or made for such debts; and it shall not be lawful for any company incorporated as aforesaid to purchase, hold or convey real estate in any other case or for any other purpose...
Page 133 - ... be brought against them, or any of them, their, or any of their heirs, executors, or administrators, in any court of...
Page 65 - The principle of utility recognizes this subjection, and assumes it for the foundation of that system, the object of which is to rear the fabric of felicity by the hands of reason and of law.
Page 514 - The certainty of what each individual ought to pay is, in taxation, a matter of so great importance, that a very considerable degree of inequality, it appears, I * Wealth of Natiom, book v. ch. ii. believe, from the experience of all nations, is not near so great an evil, as a very small degree of uncertainty.
Page 133 - To divide, withdraw, or in any manner pay to the stockholders or any of them, any part of the capital stock of the corporation; or to reduce such capital stock without the consent of the legislature; or, 3.
Page 120 - Bureau, as herein provided, he shall be liable to the United States in the sum of fifty dollars, to be recovered in an action of debt, for each and every certificate not properly accounted for or returned.
Page 116 - Such as shall have been mortgaged to it in good faith, by way of security for loans previously contracted, or for moneys due : or, 3. Such as shall have been conveyed to it in satisfaction of debts previously contracted in the course of its dealings : or, 4. Such a.
Page 120 - States, (which shall be executed upon the president of the corporation for the time being, at least fifteen days before the commencement of the term of said court,) calling on the said corporation to show cause wherefore the charter hereby granted, shall not be declared forfeited; and it shall be lawful for the said court, upon the return of the said scire facias, to examine into the truth of the alleged violation, and if such violation be made appear, then to pronounce and adjudge that the said...