The World's Great Classics: Principles of political economy, by J.S. Mill
Timothy Dwight, Julian Hawthorne
Colonial Press, 1899
Library Committee: Timothy Dwight ... Richard Henry Stoddard, Arthur Richmond Marsh, A.B. [and others] ... Illustrated with nearly two hundred photogravures, etchings, colored plates and full page portraits of great authors. Clarence Cook, art editor.
17 yards Adam Smith advantage agricultural amount assignats bank notes Bank of England bankers benefit bills bullion capitalists cause cheaper cheapness circulation circumstances coin competition consequence consumers consumption corn cost of carriage cost of labor cost of production cultivation currency dealers debt depend depreciation diminished duction effect employed employment enable equal equivalent exchange value exist expense exports fall France gain Germany gold and silver imports improvement income industry issue issuers labor and capital land law of value less loans lower means ment million modities necessary obtain paid payment permanent persons Poland population portion pounds sterling precious metals principle produce proportion quantity of money raise rate of interest rate of profit ratio rent rise of prices savings seigniorage sell society speculation sumers supposed supposition theory things tion trade transactions value of money whole yards of cloth yards of linen
256 psl. - Hitherto it is questionable if all the mechanical inventions yet made have lightened the day's toil of any human being. They have enabled a greater population to live the same life of drudgery and imprisonment, and an increased number of manufacturers and others to make large fortunes.
273 psl. - The form of association, however, which if mankind continue to improve, must be expected in the end to predominate, is not that which can exist between a capitalist as chief, and workpeople without a voice in the management, but the association of the labourers themselves on terms of equality, collectively owning the capital with which they carry on their operations, and working under managers elected and removable by themselves.
439 psl. - Laisser-faire, in short, should be the general practice: every departure from it, unless required by some great good, is a certain evil.
265 psl. - In the present stage of human progress, when ideas of equality are daily spreading more widely among the poorer classes, and can no longer be checked by anything short of the entire suppression of printed discussion and even of freedom of speech, it is not to be expected that the division of the human race into two hereditary classes, employers and employed, can be permanently maintained.
299 psl. - The subjects of every state ought to contribute towards the support of the government, as nearly as possible, in proportion to their respective abilities; that is, in proportion to the revenue which they respectively enjoy under the protection of the state.
256 psl. - A population may be too crowded, though * Book ii. chap. ii. % 4. all be amply supplied with food and raiment. It is not good for man to be kept perforce at all times in the presence of his species. A world from which solitude is extirpated, is a very poor ideal.
254 psl. - I confess I am not charmed with the ideal of life held out by those who think that the normal state of human beings is that of struggling to get on; that the trampling, crushing, elbowing, and treading on each other's heels, which form the existing type of social life, are the most desirable lot of human kind, or anything but the disagreeable symptoms of one of the phases of industrial progress.
299 psl. - Every tax ought to be levied at the time, or in the manner in which it is most likely to be convenient for the contributor to pay it.
199 psl. - Indies, in like manner, are the place* where England finds it convenient to carry on the production of sugar, coffee, and a few other tropical commodities. All the capital employed is English capital ; almost all the industry is carried on for English uses ; there is little production of anything except the staple commodities, and these are sent to England, not to be exchanged for things exported to the colony and consumed by its inhabitants, but to be sold in England for the benefit of the proprietors...
9 psl. - There cannot, in short, be intrinsically a more insignificant thing, in the economy of society, than money; except in the character of a contrivance for sparing time and labour. It is a machine for doing quickly and commodiously, what would be done, though less quickly and commodiously, without it : and like many other kinds of machinery, it only exerts a distinct and independent influence of its own when it gets out of order.