The Economic Journal: The Quarterly Journal of the Royal Economic Society, Volume 17Macmillan, 1907 Contains papers that appeal to a broad and global readership in all fields of economics. |
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Common terms and phrases
A. L. BOWLEY Adam Smith agricultural amount argument average banks British buildings capital cause cent CHARLES GIDE classes colonies Committee commodity considerable cost cotton demand districts doctrine doubt duty ECONOMIC JOURNAL economists EDWIN CANNAN effect efficiency employers employment England English existing exports fact favour foreign France German gold Goschen Government GUSTAV COHN houses important income increase India industry interest Ireland Karl Pearson labour land less London manufacture matter ment method municipal organisation political economy population potatoes present principle problem production Prof Professor profit question railway reason recent reference reform regard rent result Royal Economic Society Sidney Webb small holdings social Socialist Society statistics sugar supply surplus tariff taxation theory tion towns trade unions United University W. J. ASHLEY wages whole Yves Guyot
Popular passages
Page 90 - Consumption is the sole end and purpose of all production; and the interest of the producer ought to be attended to only so far as it may be necessary for promoting that of the consumer.
Page 8 - Disputes as to method have nearly ceased. . . . Qualitative analysis has done the greater part of its work — that is to say, there is a general agreement as to the characters and directions of the changes which various economic forces tend to produce. . . . Much less progress has indeed been made towards the quantitative determination of the relative strength of different economic forces. That higher and more difficult task must wait upon the slow growth of thorough realistic statistics.
Page 18 - ... for free enterprise, the pressure of bureaucratic methods would impair not only the springs of material wealth, but also many of those higher qualities of human nature, the strengthening of which should be the chief aim of social endeavour [M 334, 1907].
Page 116 - ... forbearing to show favour or disfavour to any person in. relation to his principal's affairs or business...
Page 221 - ... to think of an object as desirable (unless for the sake of its consequences), and to think of it as pleasant, are one and the same thing...
Page 10 - But the world is really a very small place, and there is not room in it for the opening up of rich new resources during many decades at as rapid a rate as has prevailed during the last three or four. When new countries begin to need most of their own food and other raw produce, improvements in transport will count for little. From that time onward the pressure of the Law of Diminishing...
Page 478 - There seems to be no reason ; and in the present book normal action is taken to be that which may be expected, under certain conditions, from the members of an industrial group...
Page 275 - I think the will is very seldom wanting where the power exists, for the desire of accumulation will occasion demand just as effectually as a desire to consume ; it will only change the objects on which the demand will exercise itself. If you think that, with an increase of capital, men will become indifferent both to consumption and accumulation, then you are correct in opposing Mr. Mill's idea1, that in reference to a nation supply can never exceed demand...
Page 14 - Chivalry in business includes public spirit, as chivalry in war includes unselfish loyalty to the cause of prince, or of country, or of crusade. But it includes also a delight in doing noble and difficult things because they are noble and difficult...
Page 19 - And the people are now able to rule their rulers, and to check class abuse of power and privilege, in a way which was impossible before the days of general education and a general surplus of energy over that required for earning a living...