Essays in Political Economy
Essays in Political Economy
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In our eReader you can find the full English version of the book. Read Essays in Political Economy Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Essays in Political Economy
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, which puts merchants, citizens, and burgesses with a capital of £1000 on the same footing in point of expendible income as landowners with £200 a-year, proves that twenty per cent, was then considered the customary rate of profit in the commercial towns of the kingdom. It is observable, too, that ten per cent. , the customary rate of interest among the tradespeople of London in Edward III. 's reign, is * Eiley's Memorials of Lond(m, p. 378. Compare a fishmonger's account, iJirf.^ pp. 446, 447....
The History and Future of Interest and Profit. 247 the rate permitted by the Act of Henry VIII. In a. D. 1546, which first legalized interest, so that it seems to have been still regarded at the latter period not only as the traditional rate, but also as moderate and reasonable.
We must not, indeed, take the profit and interest customary in commercial towns in the reign of Edward III. As repre- senting rates current throughout the country. The profits of agi'iculture after the pestilence in the middle of the fourteenth century, lowered as they were by the rise of wages consequent on depopulation, could not have borne a rate of interest ap- proaching to ten per cent, on the capital engaged in ordinary farming.
What to read after Essays in Political Economy?
You can find similar books in the "Read Also" column, or choose other free books by T E Cliffe Thomas Edward Cliffe Leslie to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
, which puts merchants, citizens, and burgesses with a capital of £1000 on the same footing in point of expendible income as landowners with £200 a-year, proves that twenty per cent, was then considered the customary rate of profit in the commercial towns of the kingdom. It is observable, too, that ten per cent. , the customary rate of interest among the tradespeople of London in Edward III. 's reign, is * Eiley's Memorials of Lond(m, p. 378. Compare a fishmonger's account, iJirf.^ pp. 446, 447....
The History and Future of Interest and Profit. 247 the rate permitted by the Act of Henry VIII. In a. D. 1546, which first legalized interest, so that it seems to have been still regarded at the latter period not only as the traditional rate, but also as moderate and reasonable.
We must not, indeed, take the profit and interest customary in commercial towns in the reign of Edward III. As repre- senting rates current throughout the country. The profits of agi'iculture after the pestilence in the middle of the fourteenth century, lowered as they were by the rise of wages consequent on depopulation, could not have borne a rate of interest ap- proaching to ten per cent, on the capital engaged in ordinary farming.
What to read after Essays in Political Economy?
You can find similar books in the "Read Also" column, or choose other free books by T E Cliffe Thomas Edward Cliffe Leslie to read onlineMoreLess
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