An Outline of Political Economy: Designed for Seminaries, and Intended to Explain the Principles of this Important Science, by Familiar Examples, and to Exhibit More Particularly the Great Importance of Agriculture, Mining Industry, Manufactures, and Internal Improvements to National Wealth and Prosperity

Front Cover
author, 1828 - Economics - 78 pages

What people are saying - Write a review

We haven't found any reviews in the usual places.

Selected pages

Other editions - View all

Common terms and phrases

Popular passages

Page 35 - ... the principles of piety, justice, and a sacred regard to truth, love to their country, humanity and universal benevolence, sobriety, industry and frugality, chastity, moderation and temperance, and those other virtues which are the ornament of human society, and the basis upon which a republican constitution is founded...
Page 30 - I" comprises the States of Maine, New Hampshire, Vermont, Massachusetts, Connecticut, Rhode Island, New York, New Jersey, Pennsylvania, Maryland, Delaware, West Virginia, Virginia, North Carolina, South Carolina, Georgia, and Florida, and the District of Columbia; (c) "Districts II-IV" means all of the States of the United States except those States within District I and District V; (d) "Districts I-IV...
Page 35 - ... to endeavor to lead their pupils, as their ages and capacities will admit, into a clear understanding of the tendency of the above mentioned virtues to preserve and perfect a republican constitution, and secure the blessings of liberty, as well as to promote their future happiness, and also to point out to them the evil tendency of the opposite vices.
Page 68 - Tende, where they are mere masses of rock, wherever there happens to be a little soil, there are a number of olive trees, and a village supported by them. Take away these trees, and the same ground in corn would not support a single family.
Page 48 - The amount of population reregulates the amount of gulates the amount of subpopulation, sistence, in the same way as it regulates the supply of clothing and housing, because with the exception of occasional famines, the quantity of subsistence raised depends on the amount of labour bestowed on it. Population has a natural tend- Population has a tendency to ency to increase faster than increase, but this increase subsistence.
Page 44 - ... discharge the demands upon the Treasury, even at the Places of receiving it. The Revenue would accumulate in the Treasury, only to perish there; while the expedient of substituting Treasury Notes to meet the public engagements, led to an indefinite augmentation of the National Debt. 2. The Treasury has been compelled to augment the amount of the National Debt, both funded and floating, by issues of Treasury Notes to meet the public engagements, at places where it could not command the local currency....
Page 70 - It has happened that the greatest part of a whole plantation of cacao trees have perished in a single night, without any visible cause. Circumstances of this nature, in early times, gave rise to many superstitious notions concerning this tree, and, among others, the appearance of a comet was always considered as fatal to the cacao plantations.
Page 40 - I answer, that the glut of a particular commodity arises from its having outrun the total demand for it in one of two ways: either because it has been produced in excessive abundance, or because the produce of other commodities has fallen short.
Page 58 - ... present consumption, although by a moderate duty the home consumption might exhaust the whole. Previous to the year 1808, it had not been the policy of this country to consider coffee as an article cultivated in the British islands ; and therefore a duty was imposed amounting to about 250 per cent, on the import price of the article. And the Excise restrictions were so severe as to discourage the consumption in every possible way. In 1809 the distresses of the coffee planters being brought under...
Page 38 - The success of one branch of commerce supplies more ample means of purchase, and consequently opens a vent for the products of all the other branches; on the other hand, the stagnation of one channel of manufacture, or of commerce, is felt in all the rest. But it may be asked, if this be so, how does it happen, that there is at times so great a glut of commodities in the market, and so much difficulty in finding a vent for them? Why cannot one of these super-abundant commodities be exchanged for...

Bibliographic information