Papers Relating to Political Economy, Том 1Royal Economic Society by Macmillan and Company, limited, 1925 - Всего страниц: 1221 |
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Стр. 11
... production of wealth . As the producer of wealth will push his investment in the different agents of produc- tion up to a certain limit which has been called the " margin of profitableness " ; so , in the manufacture of economic wisdom ...
... production of wealth . As the producer of wealth will push his investment in the different agents of produc- tion up to a certain limit which has been called the " margin of profitableness " ; so , in the manufacture of economic wisdom ...
Стр. 13
... production . Here , as more fully in papers included in the mathematical section , there is disputed the dogma that ... produce is divided between the parties who have contributed to its pro- duction.1 Exchange being divided according as ...
... production . Here , as more fully in papers included in the mathematical section , there is disputed the dogma that ... produce is divided between the parties who have contributed to its pro- duction.1 Exchange being divided according as ...
Стр. 15
... production , than the equivalent of its total utility to him , which total diminishes as the quantity of the commodity is reduced . But this limit is less liable to escape attention when it is fixed by the material conditions of production ...
... production , than the equivalent of its total utility to him , which total diminishes as the quantity of the commodity is reduced . But this limit is less liable to escape attention when it is fixed by the material conditions of production ...
Стр. 19
... production which are employed.1 The outgoings may be regarded as a sum of terms , each of which is the amount of a factor of production multiplied by its price.2 It follows 3 66 1 Some function of the amounts . 2 Or , rather , the ...
... production which are employed.1 The outgoings may be regarded as a sum of terms , each of which is the amount of a factor of production multiplied by its price.2 It follows 3 66 1 Some function of the amounts . 2 Or , rather , the ...
Стр. 20
... production is such that for the values of the variables with which we are concerned the net income of the entrepreneur may be a maximum , let P be the amount of the product , π its price , a , b , c , amounts of factors of production ...
... production is such that for the values of the variables with which we are concerned the net income of the entrepreneur may be a maximum , let P be the amount of the product , π its price , a , b , c , amounts of factors of production ...
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according Accordingly advantage amount arithmetic mean assigned average bimetallism British Association cent ceteris paribus circulation coinage column commodities compared competition consilience constant consumers consumption corresponding Cournot currency curve definition demand diminishing returns discrimination dose ECONOMIC JOURNAL economists employed entrepreneur epoch equal error exchange-value expression factors of production figure formula geometric mean Giffen's given gold importance Increasing Return increment index-number instance Irving Fisher J. S. Mill Jevons Joint Cost labour law of cost less Marshall mathematical maximum measure median Memorandum method modulus monetary monopolist monopoly objection observations obtained P₁ Political Economy present principle probable profit proportion proposition quantity railway ratio reason reference relative prices represent respect result Sauerbeck's sense species standard statistics supposed symmetallism Table theory tion unit utility value of money variation weighted mean writer
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Стр. 25 - However, my lady was very charitable in her own way. She had a charity school for poor children, where they were taught to read and write gratis, and where they were kept well to spinning gratis for my lady in return...
Стр. 48 - By what a frugal man annually saves, he not only affords maintenance to an additional number of productive hands, for that or the ensuing year, but, like the founder of a public workhouse, he establishes as it were a perpetual fund for the maintenance of an equal number in all times to come.
Стр. 137 - Among those who would suffer by the new regime there would be [included] ... the abstract economists, who would be deprived of their occupation, the investigation of the conditions which determine value. There would survive only the empirical school, flourishing in a chaos congenial to their mentality.31 We seem, however, to have found another alternative, that of becoming amateur lawyers.
Стр. 40 - ... of motion — a problem of dynamics. But it would surely be absurd to attempt the more difficult question when the more easy one is yet so imperfectly within our power. It is only as a purely statical problem that I can venture to treat the action of exchange. Holders of commodities will be regarded not as continuously passing on these commodities in streams of trade, but as possessing certain fixed amounts which they exchange until they come to equilibrium.
Стр. 298 - Edgoworth, which seems conclusive on the subject. 3. Practically the Committee would recommend the use of a weighted index-number of some kind, as, on the whole, commanding more confidence. But they feel bound to point out that the scientific evidence is in favour of the kind of index-number used by Professor Jevons — provided there is a large number of articles — as not insufficient for the purpose in hand. Nothing is more remarkable in the comparisons of the recent index-numbers than the correspondence...
Стр. 386 - ... things; why should we always say that it is those other things which have varied, and not the corn? That commodity is alone invariable which at all times requires the same sacrifice of toil and labour to produce it.
Стр. 134 - The chief use of pure mathematics in economic questions seems to be in helping a person to write down quickly, shortly and exactly, some of his thoughts for his own use : and to make sure that he has enough, and only enough, premises for his conclusions (ie that his equations are neither more nor less in number than his unknowns).
Стр. 291 - ... riches. By the invention of machinery, by improvements in skill, by a better division of labour, or by the discovery of new markets, where more advantageous exchanges may be made, a million of men may produce double or treble the amount of riches, of " necessaries, conveniences, and amusements...
Стр. 33 - If you were here at my fireside, I should dispute some of your principles. I cannot think that the rent of farms makes any part of the price of the produce, but that the price is determined altogether by the quantity and the demand.
Стр. 297 - The articles as to which records of prices are obtainable being themselves only a portion of the whole, nearly as good a final result may apparently be arrived at by a selection without bias, according to no better principle than accessibility of record, as by a careful attention to weighting.