The Quarterly Journal of Economics, 17. sējums

Pirmais vāks
Harvard University, 1903
Edited at Harvard University's Department of Economics, this journal covers all aspects of the field -- from the journal's traditional emphasis on microtheory, to both empirical and theoretical macroeconomics.

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Populāri fragmenti

265. lappuse - The produce of the earth — all that is derived from its surface by the united application of labour, machinery, and capital, is divided among three classes of the community: namely, the proprietor of the land, the owner of the stock or capital necessary for its cultivation, and the labourers by whose industry it is cultivated.
148. lappuse - Americans of all ages, all conditions, and all dispositions constantly form associations. They have not only commercial and manufacturing companies, in which all take part, but associations of a thousand other kinds, religious, moral, serious, futile, general or restricted, enormous or diminutive.
457. lappuse - The word VALUE, it is to be observed, has two different meanings, and sometimes expresses the utility of some particular object, and sometimes the power of purchasing other goods which the possession of that object conveys.
343. lappuse - ... its fair market value for the purposes of its use, no portion of such plant to be estimated, however, at less than its fair market value for any other purpose, including as an element of value the earning capacity of such plant, based upon the actual earnings being derived from such use at the time of the final vote of such city or town to establish a plant...
111. lappuse - No sea but what is vexed by their fisheries. No climate that is not witness to their toils. Neither the perseverance of Holland, nor the activity of France, nor the dexterous and firm sagacity of English enterprise, ever carried this most perilous mode of hardy industry to the extent to which it has been pushed by this recent people ; a people who are still as it were, but in the gristle, and not yet hardened into the bone of manhood.
404. lappuse - I go farther and observe, that where an open communication is preserved among nations, it is impossible but the domestic industry of every one must receive an increase from the improvements of the others.
148. lappuse - Thus the most democratic country on the face of the earth is that in which men have in our time carried to the highest perfection the art of pursuing in common the object of their common desires, and have applied this new science to the greatest number of purposes.
148. lappuse - Wherever at the head of some new undertaking you see the government in France, or a man of rank in England, in the United States you will be sure to find an association.
267. lappuse - Taxation (London, 1817), p. 90, 98. $ ibid., p. 92, 93. the increase of capital will be the increase in the demand for labour ; in proportion to the work to be done will be the demand for those who are to do it," it follows that " the rate of wages depends on the proportion between Population, and Employment, in other words, Capital."* Thus, in any event, wages are fixed by independent determination.
115. lappuse - I refer rather to that improvement in the economic condition of the West which set in about the time of the second war with England, and which in a decade or two entirely changed the relation of that region to the rest of the country...

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