The Philosophy of Trade ; Or, Outlines of a Theory of Profits And Prices, Including An Examination of the Principles Which Determine the Relative Value of Corn, Labour, And Currency
The Philosophy of Trade ; Or, Outlines of a Theory of Profits And Prices, Including An Examination of the Principles Which Determine the Relative Value of Corn, Labour, And Currency
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In our eReader you can find the full English version of the book. Read The Philosophy of Trade ; Or, Outlines of a Theory of Profits And Prices, Including An Examination of the Principles Which Determine the Relative Value of Corn, Labour, And Currency 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 The Philosophy of Trade ; Or, Outlines of a Theory of Profits And Prices, Including An Examination of the Principles Which Determine the Relative Value of Corn, Labour, And Currency
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circulation, the money value of that capital ~~ would be raised, and the capital might then be 'represented, not by 100, but by 110 or even 120 ; and, in the one case, profits would be re- duced ; in the other, annihilated.
The length to which the miner can go there- fore in increasing the circulation, without re- ducing his profits below the average level, depends on the supply of labour in the market ; in other words, on the numbers of the popula- tion. If he go beyond the point which we have... indicated, he gluts the market, and demand would seem to be measured by the power pos- sessed by all classes of producers to exchange their commodities with the money in circula- tion, in such proportions as to leave to them, and also to the producer of the material of money, a surplus equal, and just equal, to the ordinary rate of profits.
Digitized by VjOOQ IC CHAPTER XV.
The Natural or Regulating rate of profits is dis- covered in that department of production from which the food of the great body of the people is derived.
What to read after The Philosophy of Trade ; Or, Outlines of a Theory of Profits And Prices, Including An Examination of the Principles Which Determine the Relative Value of Corn, Labour, And Currency?
You can find similar books in the "Read Also" column, or choose other free books by Stirling, Patrick James, 1809-1891 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
circulation, the money value of that capital ~~ would be raised, and the capital might then be 'represented, not by 100, but by 110 or even 120 ; and, in the one case, profits would be re- duced ; in the other, annihilated.
The length to which the miner can go there- fore in increasing the circulation, without re- ducing his profits below the average level, depends on the supply of labour in the market ; in other words, on the numbers of the popula- tion. If he go beyond the point which we have... indicated, he gluts the market, and demand would seem to be measured by the power pos- sessed by all classes of producers to exchange their commodities with the money in circula- tion, in such proportions as to leave to them, and also to the producer of the material of money, a surplus equal, and just equal, to the ordinary rate of profits.
Digitized by VjOOQ IC CHAPTER XV.
The Natural or Regulating rate of profits is dis- covered in that department of production from which the food of the great body of the people is derived.
What to read after The Philosophy of Trade ; Or, Outlines of a Theory of Profits And Prices, Including An Examination of the Principles Which Determine the Relative Value of Corn, Labour, And Currency?
You can find similar books in the "Read Also" column, or choose other free books by Stirling, Patrick James, 1809-1891 to read onlineMoreLess
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