The Fallacy of Saving: A Study in EconomicsS. Sonnenschein, 1892 - Broj stranica: 148 |
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abstinence accumulated industry Adam Smith admitted argu argument bricklayers Cairnes capitalists capitaux Chalmers chapter cited claim to wealth consume consumption course definition of capital demand for labour doctrine of parsimony doctrine of saving duction economic economists employ labour employment of labour expenditure Fallacy of Saving fund Fundamental Propositions glut idle class income individual interest investment J. B. Say James Mill Lauderdale Lauderdale's LAURENCE GRONLUND limit luxuries Malthus means ment Messrs Mill Mill's money-claim money-credit Mummery and Hobson munity National Debt National Liberal Club national wealth necessary pauperism pension system Physiocrats Political Economy present principle problem production Professor Böhm-Bawerk Professor Sidgwick profit public opulence purchasing power recognised refutation Ricardo saved capital savers sense SIDNEY WEBB Smith Smithian social society sociological sophism spend spendthrift subsist sumption taxation tend theory things thrift tion trade unproductive velvet velvet-makers wage-fund wages workers
Popularni odlomci
Stranica 93 - Men nearly always speak and write as if riches were absolute, and it were possible, by following certain scientific precepts, for everybody to be rich. 'Whereas riches are a power like that of electricity, acting only through inequalities or negations of itself. The force of the guinea you have in your pocket depends wholly on the default of a guinea in your neighbour's pocket.
Stranica 98 - Productions are always bought by productions, or by services; money is only the medium by which the exchange is effected.