The Quarterly Journal of Economics, Volume 5Harvard University, 1891 Vols. 1-22 include the section: Recent publications upon economics. |
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Common terms and phrases
Adam Smith amount applied arbitration Association Austria Berlin cent cigars colonies Commissioner commodities companies competition craft gilds demand diminishing returns discussion doctrine Econ economic economists emigration employer England English Executive Committee existence expenses fact fixed force freight fund German gild merchant give given Heft Hungary important increase industry interest invention inventor Jahrb joint cost Journ kilometres kreutzers land law of rent law of value legislation less manufactured margin of employment means ment method miles nature nomic paid passenger patent law payment Physiocrats political economy Poor Law population pounds practical present principle Professor profits proportion question railroad railway reform regard requisites of production residual claimant revenue roads secure seems social social capital society supply tariff taxation theory ticket tion tobacco trade traffic United Verein whole workmen
Popular passages
Page 410 - As defence, however, is of much more importance than opulence, the act of navigation is, perhaps, the wisest of all the commercial regulations of England.
Page 163 - ... with no ungenerous joy, when their principles of trade, of jurisprudence, of foreign policy, of religious liberty, became the principles of the Administration. They were content that he who came into fellowship with them at the eleventh hour should have a far larger share of the reward than those who had borne the burden and heat of the day. In the year 1828, a single division in this House changed the whole policy of the government with respect to the Test and Corporation Acts. My noble friend,...
Page 516 - O'Connor). THE MAKING OF AN ORATOR. Cr. too. 6s. net. Price (LL). A SHORT HISTORY OF POLITICAL ECONOMY IN ENGLAND FROM ADAM SMITH TO ARNOLD TOYNBEE.
Page 403 - Bacon is right, as he generally is, when he bids us read not to contradict and refute, nor to believe and take for granted, nor to find talk and discourse, but to weigh and to consider.
Page 115 - Whereas, It is deemed to be to the mutual advantage of the public and the transportation companies that business in which they have a common interest should be so conducted as to secure a proper correlation of rates such as will protect the interest of competing markets without unjust discriminations in favor of or against any city or section...
Page 48 - ... without neglect or fault on his part, having failed to obtain, from the use and sale of his invention, a reasonable remuneration for the time, ingenuity, and expense bestowed upon the same, and the introduction thereof into use...
Page 362 - The loan is a real exchange of present goods against future goods. For reasons that I shall give in detail in my second volume, present goods invariably possess a greater value than future goods of the same number and kind; and, therefore, a definite sum of present goods can, as a rule, only be purchased by a larger sum of future goods. Present goods possess an agio in future goods. This agio is interest.
Page 444 - It is, therefore, in accord with what we might expect from general theory that the different sorts of traffic contribute in very different proportions towards paying the fixed charges, or the return to capital,— the element in railway operations which represents joint cost. Traffic which will continue to come even at comparatively high rates will continue to be taxed high, and will contribute largely towards fixed charges. Traffic for which the demand is sensitive to price, and which can be got...
Page 356 - The universal merchant: Containing the rationale of commerce, in theory and practice; an enquiry into the nature and genius of banks, their...