First Principles of Political Economy
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In our eReader you can find the full English version of the book. Read First Principles of 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 First Principles of Political Economy
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To quickly assess the difficulty of the text, read a short excerpt:
203 example, directly to his shop in New Jersey, with- out going into New York, and out of it again, back to the place of consumption.
166. What is sold determines the price of all that is produced.
If now a producer lives at some distance from market, the cost of transportation may be quite an amount, and if there are others for whom it is less, who can furnish enough to supply the demand in that market, he will have to cease producing that commodity since its production will not pay for his l...abor.
And it is worth noting, that it is always the por- tion that is sold, that determines the price of the whole product, in the place where it is produced.
If wheat will sell at Chicago for one dollar per bushel, and the cost of transportation to that city from some place in the interior — Chicago being the nearest commercial centre — be seventy-five cents on every bushel that is carried thither, twenty-five cents will be the price of every bushel that is raised at the place where it is raised, no matter how much there may be of it, or how Httle.
What to read after First Principles of Political Economy?
You can find similar books in the "Read Also" column, or choose other free books by Wilson, W[illiam] D[exter], 1816-1900. [from Old Catalog] to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
203 example, directly to his shop in New Jersey, with- out going into New York, and out of it again, back to the place of consumption.
166. What is sold determines the price of all that is produced.
If now a producer lives at some distance from market, the cost of transportation may be quite an amount, and if there are others for whom it is less, who can furnish enough to supply the demand in that market, he will have to cease producing that commodity since its production will not pay for his l...abor.
And it is worth noting, that it is always the por- tion that is sold, that determines the price of the whole product, in the place where it is produced.
If wheat will sell at Chicago for one dollar per bushel, and the cost of transportation to that city from some place in the interior — Chicago being the nearest commercial centre — be seventy-five cents on every bushel that is carried thither, twenty-five cents will be the price of every bushel that is raised at the place where it is raised, no matter how much there may be of it, or how Httle.
What to read after First Principles of Political Economy?
You can find similar books in the "Read Also" column, or choose other free books by Wilson, W[illiam] D[exter], 1816-1900. [from Old Catalog] to read onlineMoreLess
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