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Adam Smith advantages Alfred Marshall American amount buying capital capitalist cent chapter Charles Gide Commission commodities companies competition consumer coöperation corporation cotton credit union demand desire distribution district division of labor economic economist effect employed employer employment enterprises Eugen von Boehm-Bawerk exchange existence Explain export factory farmer Federal Reserve System following selection foregoing Readings human important improvement increase individual industrial Industrial Revolution interest Knights of Labor laboring power land machinery machines manufacturing material means ment modern natural occupations operation organization ownership patent persons principle problem production Professor profit quantity railroad reform result sack secure sell shoes single tax social socialist society steel supply tariff taxation things tion trade trust United utility wages wants wealth workers workmen York
Sivu 406 - ... in the course of transportation from one State to another, or to a foreign country, shall be forfeited to the United States, and may be seized and condemned by like proceedings as those provided by law for the forfeiture, seizure, and condamnation of property imported into the United States contrary to law.
Sivu 73 - I have seen a small manufactory of this kind where ten men only were employed, and where some of them consequently performed two or three distinct operations. But though they were very poor, and therefore but indifferently accommodated with the necessary machinery, they could, when they exerted themselves, make among them about twelve pounds of pins in a day.
Sivu 202 - The natural price, therefore, is, as it were, the central price, to which the prices of all commodities are continually gravitating. Different accidents may sometimes keep them suspended a good deal above it, and sometimes force them down even somewhat below it. But whatever may be the obstacles which hinder them from settling in this center of repose and continuance, they are constantly tending towards it.
Sivu 73 - ... receiving the head ; to make the head requires two or three distinct operations ; to put it on is a peculiar business, to whiten the pins is another ; it is even a trade by itself to put them into the paper; and the important business of making a pin is in this manner divided into about eighteen distinct operations, which, in some manufactories, are all performed by distinct hands, though in others the same man will .sometimes perform two or three of them.
Sivu 44 - It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our , dinner, but from their regard to their own interest. We address ourselves, not to their humanity, but to their self-love, and never talk to them of our own necessities, but of their advantages.
Sivu 43 - THIS division of labour, from which so many advantages are derived, is not originally the effect of any human wisdom, which foresees and intends that general opulence to which it gives occasion. It is the necessary, though very slow and gradual consequence of a certain propensity in human nature which has in view no such extensive utility; the propensity to truck, barter, and exchange one thing for another.
Sivu 110 - It is the great multiplication of the productions of all the different arts, in consequence of the division of labour, which occasions, in a well-governed society, that universal opulence which extends itself to the lowest ranks of the people.
Sivu 330 - The modern laborer, on the contrary, instead of rising with the progress of industry, sinks deeper and deeper below the conditions of existence of his own class. He becomes a pauper, and pauperism develops more rapidly than population and wealth.
Sivu 111 - How many merchants and carriers, besides, must have been employed in transporting the materials from some of those workmen to others who often live in a very distant part of the country...
Sivu 118 - The labour of the menial servant, on the contrary, does not fix or realize itself in any particular subject or vendible commodity. His services generally perish in the very instant of their performance, and seldom leave any trace or value behind them, for which an equal quantity of service could afterwards be procured.