Category: Economics
The first question that confronts the beginner in this science, and the one also that controls the whole scope of his inquiries to the very end, is: What is the precise subject of Political Economy? Within what exact field do its investigations lie? There is indeed a short and...
The first question that confronts the beginner in this science, and the one also that controls the whole scope of his inquiries to the very end, is: What is the precise subject...
2. CHAPTER II.Valuables fall naturally and exactly into three classes, Commodities, Services, and Credits. The reasons are obvious at first glance, why articles falling in the first class occ...
3. CHAPTER III.There are three kinds of things only ever bought and sold in this good world of ours. In the preceding chapter we have conned carefully the first kind, material commodities, in...
4. CHAPTER IV.Political Economy is the Science of Sales; and because it _is_ the science of sales, its definitions and principles must cover equally all cases of sales actually occurring or p...
5. CHAPTER V.The subject of Money presents few difficulties, or rather none of any depth, to one who has thoroughly mastered the subject of Value. To all others the difficulties are insupera...
6. CHAPTER VI.Wonderful is the continuity in the growth of any great Science, and equally so the persistency of any radical error that once gets fairly imbedded within it. As we saw fully in...
7. CHAPTER VII.Political Economy is the Science of Buying and Selling. It must include of course in its discussions the Motives, the Methods, the Obstacles, the Rewards, relating to Sales, whi...
8. c. A third advantage of such an Income-tax, and the chief, would beits tendencies _to fiscal simplicity_. Complexities in the Exchequer are always and in many ways expensive to the People. In this country, where distinct taxes have to be paid,...