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The Economic Journal: The Quarterly Journal of the Royal ..., Volumen23,Tema 89
Vista completa - 1913
The Economic Journal: The Quarterly Journal of the Royal Economic ..., Volumen10
Vista completa - 1900
The Economic Journal: The Quarterly Journal of the Royal Economic ..., Volumen9
Vista completa - 1899
agricultural allowances amount appears banks British capital cause cent changes commodities considerable continued cost course currency deal demand depends discussion economic economists effect employers England English exchange existing export fact fall Federal Reserve Board foreign further Germany give given gold Government hand important increase India individual industry influence interest issue Italy labour land lectures less limitation living London Marshall means methods monetary nature necessary notes organisation payments period political possible practical present Principles problem production Prof Professor profits proposed question reason regarded relation Report reserves result rise secure seems shows social society standard statistics suggest supply theory trade unemployment United University volume wages whole workers
Página 474 - They are led by an invisible hand to make nearly the same distribution of the necessaries of life, which would have been made, had the earth been divided into equal portions among all its inhabitants, and thus without intending it, without knowing it, advance the interest of the society, and afford the means to the multiplication of the species.
Página 486 - ... of carrying it on, until the producers have been educated up to the level of those with whom the processes are traditional. A protecting duty, continued for a reasonable time, will sometimes be the least inconvenient mode in which the nation can tax itself for the support of such an experiment.
Página 474 - The rich only select from the heap what is most precious and agreeable. They consume little more than the poor.
Página 474 - By preferring the support of domestic to that of foreign industry he intends only his own security; and by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention.
Página 322 - engine of analysis . . . machinery of universal application in the discovery of a certain class of truths . . . not a body of concrete truth, but an engine for the discovery of concrete truth.
Página 310 - Thiinen, I was led to attach great importance to the fact that our observations of nature, in the moral as in the physical world relate not so much to aggregate quantities as to increments of quantities, and that in particular the demand for a thing is a continuous function, of which the "marginal" increment is, in stable equilibrium, balanced against the corresponding increment of its cost.
Página 55 - To be attached to the subdivision, to love the little platoon we belong to in society, is the first principle (the germ as it were) of public affections. It is the first link in the series by which we proceed towards a love to our country, and to mankind.
Página 310 - The notion of an exact measurement of Consumers' Rent was published by Dupuit in 1844. But his work was forgotten; and the first to publish a clear analysis of the relation of total to marginal (or final) utility in the English language was Jevons in 1871, when he had not read Dupuit. The notion of Consumers...
Página 481 - Every individual is continually exerting himself to find out the most advantageous employment for whatever capital he can command. It is his own advantage, indeed, and not that of the society, which he has in view. But the study of his own advantage naturally, or rather necessarily, leads him to prefer that employment which is most advantageous to the society.
Página 87 - But there is no more complete fallacy than this. What people call applied science is nothing but the application of pure science to particular classes of problems. It consists of deductions from those general principles, established by reasoning and observation, which constitute pure science. No one can safely make these deductions until he has a firm grasp of the principles ; and he can obtain that grasp only by personal experience of the operations of observation and of reasoning on which they...