Introduction to the Study of Economics

Front Cover
Silver, Burdett, 1913 - Economics - 621 pages

From inside the book

Other editions - View all

Common terms and phrases

Popular passages

Page 523 - A people among whom there is no habit of spontaneous action for a collective Interest, who look habitually to their Government to command or prompt them In all matters of joint concern, who expect to have everything done for them except what can be made an affair of mere habit and routine, have their faculties only half developed. Their education is defective In one of Its most important branches.
Page 344 - River, the New York Central, the Erie, the Pennsylvania, and the Baltimore and Ohio roads...
Page 52 - Besides manufactories of these articles, which are carried on as regular trades, and have attained to a considerable degree of maturity, there is a vast scene of household manufacturing, which contributes more largely to the supply of the community than, could be imagined, without having made it an object of particular inquiry.
Page 409 - ... but slowly, gradually, and after a very long warning. The legislature, were it possible that its deliberations could be always directed, not by the clamorous importunity of partial interests, but by an extensive view of the general good, ought upon this very account, perhaps, to be particularly careful neither to establish any new monopolies of this kind, nor to extend further those which are already established. Every such regulation introduces some degree of real disorder into the constitution...
Page 51 - To all the arguments which are brought to evince the impracticability of success in manufacturing establishments in the United States, it might have been a sufficient answer to have referred to the experience of what has been already done. It is certain that several important branches have grown up and flourished, with a rapidity which surprises, affording an encouraging assurance of success in future attempts.
Page 563 - Personal property nowhere bears its just proportion of the burdens. And it is precisely in those localities where its extent and importance are the greatest that its assessment is the least. The taxation of personal property is in inverse ratio to its quantity. The more it increases, the less it pays.
Page 173 - Return may be provisionally worded thus: /''jVn increase in the capital and labour applied in the cultivation of land causes in general a less than proportionate increase in the amount of produce raised, unless it happens to coincide with an improvement in the arts of agriculture.
Page 523 - It is therefore of supreme importance that all classes of the community, down to the lowest, should have much to do for themselves; that as great a demand should be made upon their intelligence and virtue as it is in any respect equal to ; that the government should not only leave as far as possible to their own faculties the conduct of whatever concerns themselves alone, but should suffer them, or rather encourage them, to manage as many as possible of their joint concerns by voluntary co-operation...
Page 523 - ... great a demand should be made upon their intelligence and virtue as it is in any respect equal to; that the government should not only leave as far as possible to their own faculties the conduct of whatever concerns themselves alone, but should suffer them, or rather encourage them, to manage as many as possible of their joint concerns by voluntary co-operation : since this discussion and management of collective interests is the great school of that public spirit, and the great source of that...
Page 28 - North America containing a vast tract of land, every one is able to procure a piece of land at an inconsiderable rate, and therefore is fond to set up for himself rather than work for hire. This makes labor continue very dear, a common laborer usually earning 3 shillings by the day...

Bibliographic information