Principles of Economics volume 2
Principles of Economics volume 2
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In our eReader you can find the full English version of the book. Read Principles of Economics volume 2 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 Principles of Economics volume 2
What reading level is Principles of Economics volume 2 book?
To quickly assess the difficulty of the text, read a short excerpt:
A Ed. M'Culloch, pp. 232-234. CHAP, ii THE PRESSURE OF TAXATION 417 with RiCARDO. 1 We will therefore explain our reasons for thinking that it is not the contention which EICARDO rejects, but the theory which he advances against it that should be regarded as " a source of much error. " This will require no lengthy proof. Suppose that, of a given article, there can be sold 100, 000 at 3s. Each. 1, 500, 000, , 2s. 6d. 2, 000, 000 2s. At the price of 2s. Qd. Each just 1, 500, 000 of the article ca...n be supplied ; at this price, therefore, the supply and the demand coincide ; and 2s. Qd. Will be the average price of the article in the market. Now suppose the effort of production to be increased, or that a tax is imposed ; as a result it becomes impossible to supply 1, 500, 000 of the article at less than 3s. Each. According to KICARDO and NASSE it will now be possible for the price to rise to 3s. Without the supply declining by 500, 000. In other words, while only 1, 000, 000 of the article can be sold at a price of 3s.
What to read after Principles of Economics volume 2?
You can find similar books in the "Read Also" column, or choose other free books by N B Nikolaas Gerard Pierson to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
A Ed. M'Culloch, pp. 232-234. CHAP, ii THE PRESSURE OF TAXATION 417 with RiCARDO. 1 We will therefore explain our reasons for thinking that it is not the contention which EICARDO rejects, but the theory which he advances against it that should be regarded as " a source of much error. " This will require no lengthy proof. Suppose that, of a given article, there can be sold 100, 000 at 3s. Each. 1, 500, 000, , 2s. 6d. 2, 000, 000 2s. At the price of 2s. Qd. Each just 1, 500, 000 of the article ca...n be supplied ; at this price, therefore, the supply and the demand coincide ; and 2s. Qd. Will be the average price of the article in the market. Now suppose the effort of production to be increased, or that a tax is imposed ; as a result it becomes impossible to supply 1, 500, 000 of the article at less than 3s. Each. According to KICARDO and NASSE it will now be possible for the price to rise to 3s. Without the supply declining by 500, 000. In other words, while only 1, 000, 000 of the article can be sold at a price of 3s.
What to read after Principles of Economics volume 2?
You can find similar books in the "Read Also" column, or choose other free books by N B Nikolaas Gerard Pierson to read onlineMoreLess
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