The Economic Journal: The Quarterly Journal of the Royal Economic Society, Volume 14

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Macmillan, 1904 - Economics
Contains papers that appeal to a broad and global readership in all fields of economics.

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Page 182 - By sensible trade arrangements which will not interrupt our home production we shall extend the outlets for our increasing surplus. A system which provides a mutual exchange of commodities is manifestly essential to the continued and healthful growth of our export trade. We must not repose in fancied security that we can forever sell everything and buy little or nothing.
Page 182 - Reciprocity is the natural outgrowth of our wonderful industrial development under the domestic policy now firmly established. What we produce beyond our domestic consumption must have a vent abroad. The excess must be relieved through a foreign outlet and we should sell everywhere we can and buy wherever the buying will enlarge our sales and productions and thereby make a greater demand for home labor.
Page 316 - Ft. 2 of the supplement to the annual report of the chief inspector of factories and workshops for the year 1906.
Page 598 - But, though the market price of every particular commodity is in this manner continually gravitating, if one may say so, towards the natural price, yet sometimes particular accidents, sometimes natural causes, and sometimes particular regulations of police, may, in many commodities, keep up the market price, for a long time together, a good deal above the natural price.
Page 182 - The period of exclusiveness is past. The expansion of our trade and commerce is the pressing problem. Commercial wars are unprofitable. A policy of good will and friendly trade relations will prevent reprisals. Reciprocity treaties are in harmony with the spirit of the times; measures of retaliation are not.
Page 598 - The exclusive privileges of corporations, statutes of apprenticeship, and all those laws which restrain, in particular employments, the competition to a smaller number than might otherwise go into them, have the same tendency, though in a less degree.
Page 330 - Professor of Political Economy in the Johns Hopkins University. The series -will consist of the following tracts: (1) A DISCOURSE OF TRADE.
Page 269 - But in the other sense, that of Cost, a country gets a commodity cheaper when it obtains a greater quantity of the commodity with the same expenditure of labour and capital. In this sense of the term, cheapness in a great measure depends upon a cause of a different nature: a country gets its imports cheaper, in proportion to the general productiveness of its domestic industry; to the general efficiency of its labour.
Page 310 - If the improvement which even triumphant military despotism has only retarded, not stopped, shall continue its course, there can be little doubt that the status of hired labourers will gradually tend to confine itself to the description of workpeople whose low moral qualities render them unfit for anything more independent...
Page 330 - The series will consist of the following tracts : (1) A DISCOURSE OF TRADE. By NICHOLAS BARBON. London, 1690. (2) SEVERAL ASSERTIONS PROVED. By JOHN ASGILL. London, 1696. (3) DISCOURSES UPON TRADE. By DUDLEY NORTH. London, 1691. (4) ENGLAND'S INTEREST CONSIDERED. By SAMUEL FORTREY. Cambridge, 1663. Each tract will be supplied with a brief introductory note and necessary text annotations by the editor.

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