Manual of Political Economy
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In our eReader you can find the full English version of the book. Read Manual of Political Economy Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Manual of Political Economy
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To quickly assess the difficulty of the text, read a short excerpt:
People therefore confidently pre- dicted that the machine would be introduced, and that boats would inevitably decline thirty per cent, in price ; but this is too hasty a conclusion. It must be remem- bered, that so great is the rapidity with which this machine works, that a very fe'w of these machines would goon turn out a great many more planks than are re- quired in the construction of all the boats which are built in a year. The demand, therefore, for boats would not be sufficient to keep t...hese machines fully at work.
This would involve considerable loss. In the first place, a inachine, when not at work, must be regarded as capital y 2 BOOK III.
CH. IV.
The cost of production of manu- factures may dimi- nish as tJu supply increases.
I, lustra- tion of this principle from boat- huilding machin- ery.
340 Manual of Political Economy.
BOOK III.
CH. IV.
4 rise in the wages of labour- trs must be compen- sated by a rise in the price of the pro- ducts of their la- benr.
lying idle, and secondly, the men who attend it would be employed irregularly.
What to read after Manual of Political Economy?
You can find similar books in the "Read Also" column, or choose other free books by Fawcett, Henry, 1833-1884 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
People therefore confidently pre- dicted that the machine would be introduced, and that boats would inevitably decline thirty per cent, in price ; but this is too hasty a conclusion. It must be remem- bered, that so great is the rapidity with which this machine works, that a very fe'w of these machines would goon turn out a great many more planks than are re- quired in the construction of all the boats which are built in a year. The demand, therefore, for boats would not be sufficient to keep t...hese machines fully at work.
This would involve considerable loss. In the first place, a inachine, when not at work, must be regarded as capital y 2 BOOK III.
CH. IV.
The cost of production of manu- factures may dimi- nish as tJu supply increases.
I, lustra- tion of this principle from boat- huilding machin- ery.
340 Manual of Political Economy.
BOOK III.
CH. IV.
4 rise in the wages of labour- trs must be compen- sated by a rise in the price of the pro- ducts of their la- benr.
lying idle, and secondly, the men who attend it would be employed irregularly.
What to read after Manual of Political Economy?
You can find similar books in the "Read Also" column, or choose other free books by Fawcett, Henry, 1833-1884 to read onlineMoreLess
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