Problem EconomicsHarper, 1928 - 719 pages |
Other editions - View all
Common terms and phrases
activity Adapted advertising agricultural American amount bankers birth control business cycle capital cash cent chapter commercial commodities competition Constitution consumers coöperative corporation cost of production cotton courts currency demand distribution dollars economic system electric employer fact factors farm farmers Federal Reserve Federal Reserve notes Federal Reserve system Federal Trade Commission important income increase index number individual industry interest Interstate Commerce Commission investment labor legislation less loans machine manufacturing ment methods millions monopoly national banking operation organization owners possible present price level profits protection public ownership purchase question railroad regional reserve banks regulation reserve banks Reserve system result retail securities sell shares social standard steel stockholders sumers supply supply and demand tariff tion trade trade unions unions United utility waste wholesale
Popular passages
Page 421 - The condition of England, on which many pamphlets are now in the course of publication, and many thoughts unpublished are going on in every reflective head, is justly regarded as one of the most ominous, and withal one of the strangest, ever seen in this world. England is full of wealth, of multifarious produce, supply for human want in every kind; yet England is dying of inanition.
Page 298 - Every contract, combination in the form of trust or otherwise, or conspiracy, in restraint of trade or commerce among the several States, or with foreign nations, is hereby declared to be illegal. Every person who shall make any such contract or engage in any such combination or conspiracy, shall be deemed guilty of a misdemeanor...
Page 200 - The feature of this statute which, perhaps more than any other, puts upon it the stamp of invalidity is that it exacts from the employer an arbitrary payment for a purpose and upon a basis having no causal connection with his business, or the contract or the work the employee engages to do.
Page 266 - ... when imported either directly or indirectly from such country, dependency, province, or other subdivision of government...
Page 202 - ... materials have been thoroughly sterilized and disinfected by a reasonable process, approved by the state board of health.
Page 531 - THERE is nothing which so generally strikes the imagination, and engages the affections of mankind, as the right of . property ; or that sole and despotic dominion which one man claims and exercises over the external things of the world} in total exclusion of the right of any other individual in the universe.
Page 55 - To all the arguments which are brought to evince the impracticability of success in manufacturing establishments in the United States, it might have been a sufficient answer to have referred to the experience of what has been already done. It is certain that several important branches have grown up and flourished, with a rapidity which surprises, affording an encouraging assurance of success in future attempts.
Page 643 - The annual quota of any nationality shall be 2 per centum of the number of foreign-born individuals of such nationality resident in continental United States as determined by the United States census of 1890, but the minimum quota of any nationality shall be 100.
Page 200 - In principle, there can be no difference between the case of selling labor and the case of selling goods. If one goes to the butcher, the baker or grocer to buy food, he is morally entitled to obtain the worth of his money but he is not entitled to more. If what he gets is worth what he pays he is not justified in demanding more simply because he needs more...
Page 671 - ... of finding the way to it by their own lights. It will continually happen, on the voluntary system, that, the end not being desired, the means will not be provided at all, or that, the persons requiring improvement having an imperfect or altogether erroneous conception of what they want, the supply called forth by the demand of the market will be anything but what is really required.