Protection And Bad Times With Special Reference to the Political Economy of Eng
Protection And Bad Times With Special Reference to the Political Economy of Eng
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In our eReader you can find the full English version of the book. Read Protection And Bad Times With Special Reference to the Political Economy of Eng 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 Protection And Bad Times With Special Reference to the Political Economy of Eng
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129 further attacks on Nature ; the other expends the stock he has won from Nature on repaying the other for his efforts. Yet if there is no due return to such expenditure capital to an equal amount becomes annihilated. In so far then as expenditure is pro- ductive, each man with capital or superfluous stock creates a demand for what he himself requires, though offering at the same time a supply of what others may require. The exchange value of the commo- dities in the market is their price : a...nd the expen- diture of capital in the market, if it is not to decrease the aggregate wealth of the State if it is to vary profitably must either change its direction or in- crease in quantity. Thus, presuming the increase of wealth is intended, we can see in prices the working of these phenomena : high prices, accompany in- adequate, or decreased, supply, or increased demand ; low prices accompany inadequate, or decreased, demand, or increased supply. The producer suffers most by inadequate and prospers most by increased demand.
What to read after Protection And Bad Times With Special Reference to the Political Economy of Eng?
You can find similar books in the "Read Also" column, or choose other free books by George Smyth Baden Powell to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
129 further attacks on Nature ; the other expends the stock he has won from Nature on repaying the other for his efforts. Yet if there is no due return to such expenditure capital to an equal amount becomes annihilated. In so far then as expenditure is pro- ductive, each man with capital or superfluous stock creates a demand for what he himself requires, though offering at the same time a supply of what others may require. The exchange value of the commo- dities in the market is their price : a...nd the expen- diture of capital in the market, if it is not to decrease the aggregate wealth of the State if it is to vary profitably must either change its direction or in- crease in quantity. Thus, presuming the increase of wealth is intended, we can see in prices the working of these phenomena : high prices, accompany in- adequate, or decreased, supply, or increased demand ; low prices accompany inadequate, or decreased, demand, or increased supply. The producer suffers most by inadequate and prospers most by increased demand.
What to read after Protection And Bad Times With Special Reference to the Political Economy of Eng?
You can find similar books in the "Read Also" column, or choose other free books by George Smyth Baden Powell to read onlineMoreLess
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