An Inquiry Into the Various Systems of Political Economy: Their Advantages and Disadvantages; and the Theory Most Favourable to the Increase of National Wealth |
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Side 220
If this effect of a sinking fund be correct, (and it would be difficult to contest its
correctness,) Adam Smith has evidently laboured under a mistake in thinking that
national debts could not be paid by means of savings from the ordinary revenue.
If this effect of a sinking fund be correct, (and it would be difficult to contest its
correctness,) Adam Smith has evidently laboured under a mistake in thinking that
national debts could not be paid by means of savings from the ordinary revenue.
Side 224
She never began to pay her creditors but when she created a sinking fund, and
she has liberated herself only as far as she has been allowed to do so by this
fund. Had things continued in this state, it would be obvious to any one, that
having ...
She never began to pay her creditors but when she created a sinking fund, and
she has liberated herself only as far as she has been allowed to do so by this
fund. Had things continued in this state, it would be obvious to any one, that
having ...
Side 226
be effected in an instant, nothing can result from it but a gradual and successive
diminution of the acknowledgments of the public debt, a return to the circulating
capital of the funds that had been abstracted from it, and the re-establishment of ...
be effected in an instant, nothing can result from it but a gradual and successive
diminution of the acknowledgments of the public debt, a return to the circulating
capital of the funds that had been abstracted from it, and the re-establishment of ...
Side 227
... at least ten or twelve per cent. A sinking fund would therefore be a real loss to
public and private wealth, if it could be dispensed with. But can a public debt
keep its full value without a sinking fund, particularly when it forms a fifth of the ...
... at least ten or twelve per cent. A sinking fund would therefore be a real loss to
public and private wealth, if it could be dispensed with. But can a public debt
keep its full value without a sinking fund, particularly when it forms a fifth of the ...
Side 228
Thus, in whatever way Lord Lauderdale's criticism of the sinking fund be viewed,
it appears to rest on erroneous notions, contrary to the true principles and
essence of a sinking fund. - Finally, it has been observed by Adam Smith, that “
the ...
Thus, in whatever way Lord Lauderdale's criticism of the sinking fund be viewed,
it appears to rest on erroneous notions, contrary to the true principles and
essence of a sinking fund. - Finally, it has been observed by Adam Smith, that “
the ...
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An Inquiry Into the Various Systems of Political Economy: Their Advantages ... Charles Ganilh Uten tilgangsbegrensning - 1812 |
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abundance Adam Smith advantages afford agricultural amount annual appears bank benefits bills capital carried causes chap circulation circumstances civil classes coin commerce commodities consequently considerable considered consist consumed consumption contribute debts demand derived effects employed England equal equivalent established Europe exchange existence expence extent favour fixed follows force foreign French fund give gold and silver greater importance improvement income increase individuals industry influence interest Italy kind labour land laws least less limited loans manufactures means measure merchants metallic millions nations nature necessary never object observed obtain occasion opinion paid particular political economy population portion possessed principles produce profit progress proportion prosperity proved purchase quantity regard rendered respect riches savings says share success supposed surplus things tion trade true wages wants wealth writers
Bibliografisk informasjon
| Tittel | An Inquiry Into the Various Systems of Political Economy: Their Advantages and Disadvantages; and the Theory Most Favourable to the Increase of National Wealth |
| Forfatter | Charles Ganilh |
| oversatt av | Daniel Boileau |
| Utgiver | Henry Colburn, 1812 |
| Original fra | University of Michigan |
| Digitalisert | 17. jul 2009 |
| Lengde | 492 sider |
| Eksporter sitat | BiBTeX EndNote RefMan |