1 10 21 Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Economic Ideas Subject The topic of the resource A list of ideas and theories in economics Text A resource consisting primarily of words for reading. Examples include books, letters, dissertations, poems, newspapers, articles, archives of mailing lists. Note that facsimiles or images of texts are still of the genre Text. Text Any textual data included in the document "As soon as the land of any country has all become private property, the landlords, like all other men, love to reap where they never sowed, and demand a rent even for its natural produce. The wood of the forest, the grass of the field, and all the natural fruits of the earth, which, when land was in common, cost the labourer only the trouble of gathering them, come, even to him, to have an additional price fixed upon them. He must then pay for the licence to gather them; and must give up to the landlord a portion of what his labour either collects or produces. This portion, or, what comes to the same thing, the price of this portion, constitutes the rent of land ...." Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Economic Rent Description An account of the resource Any payment to an owner or factor of production in excess of the costs needed to bring that factor into production. Creator An entity primarily responsible for making the resource Adam Smith Source A related resource from which the described resource is derived The Wealth of Nations Date A point or period of time associated with an event in the lifecycle of the resource 1776 Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Economic Ideas Subject The topic of the resource A list of ideas and theories in economics Text A resource consisting primarily of words for reading. Examples include books, letters, dissertations, poems, newspapers, articles, archives of mailing lists. Note that facsimiles or images of texts are still of the genre Text. Text Any textual data included in the document "...there is no sharp line of division between conduct which is normal, and that which has to be provisionally neglected as abnormal, so there is none between normal values and "current" or "market" or "occasional" values. The latter are those value in which the accidents of the moment exert a preponderating influence; while normal values are those which would be ultimately attained, if the economic conditions under view had time to work out undisturbed their full effect. But there is no impassable gulf between these two; they shade into one another by continuous gradations." Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Principle of Continuity Creator An entity primarily responsible for making the resource Alfred Marshall Date A point or period of time associated with an event in the lifecycle of the resource 1890 Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Economic Ideas Subject The topic of the resource A list of ideas and theories in economics Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Law of Diminishing Returns (agriculture) Creator An entity primarily responsible for making the resource Anne Robert Jacques Turgot Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Economic Ideas Subject The topic of the resource A list of ideas and theories in economics Text A resource consisting primarily of words for reading. Examples include books, letters, dissertations, poems, newspapers, articles, archives of mailing lists. Note that facsimiles or images of texts are still of the genre Text. Text Any textual data included in the document <pre> 83. Recapituation of the five different methods of employing capitals. I have reckoned five different methods of employing capitals, or of placing them so as to procure a profit. 1st. To buy an estate, which brings in a certain revenue. 2d. To employ money in undertakings of cultivation; in leasing lands whose produce should render back, besides the expences of farming, the interest on the advances, and a recompense for the labour of him who employs his property and attention in the cultivation. 3d. To place a capital in some undertaking of industry or manufactures. 4th. To employ it in commerce. 5th. To lend it to those who want it, for an annual interest. 84. The influence which the different methods of employing money have on each other. It is evident that the annual returns, which capitals, placed in different employs, will produce, are proportionate to each other, and all have relation to the actual rate of the interest of money. 85. Money invested in land, necessarily produces the least. The person who invests his money in land let to a solvent tenant, procures himself a revenue which gives him very little trouble in receiving, and which he may dispose of in the most agreeable manner, by indulging all his inclinations. There is a greater advantage in the purchase of this species of property, than of any other, since the possession of it is more guarded against accidents. We must therefore purchase a revenue in land at a higher price, and must content ourselves with a less revenue for an equal capital. 86. Money on interest ought to bring a little more income, than land purchased with an equal capital. He who lends his money on interest, enjoys it still more peaceably and freely than the possessor of land, but the insolvency of his debtor may endanger the loss of his capital. He will not therefore content himself with an interest equal to the revenue of the land which he could buy with an equal capital. The interest of money lent, must consequently be larger than the revenue of an estate purchased with the same capital; for if the proprietor could find an estate to purchase of an equal income, he would prefer that. 87. Money employed in cultivation, manufactures, or commerce, ought to produce more than the interest of money on loan. By a like reason, money employed in agriculture, in manufactures, or in commerce, ought to produce a more considerable profit than the revenue of the same capital employed in the purchase of lands, or the interest of money on loan: for these undertakings, besides the capital advanced, requiring much care and labour, and if they were not more lucrative, it would be much better to secure an equal revenue, which might be enjoyed without labour. It is necessary then, that, besides the interest of the capital, the undertaker should draw every year a profit to recompence him for his care, his labour, his talents, the risque he runs, and to replace the wear and tear of that portion of his capital which he is obliged to invest in effects capable of receiving injury, and exposed to all kinds of accidents. 88. Meantime the freedom of these various employments are limited by each other, and maintain, notwithstanding their inequality, a species of equilibrium. The different uses of the capitals produce very unequal profits; but this inequality does not prevent them from having a reciprocal influence on each other, nor from establishing a species of equilibrium among themselves, like that between two liquors of unequal gravity, and which communicate with each other by means of a reversed syphon, the two branches of which they fill; there can be no height to which the one can rise or fall, but the liquor in the other branch will be affected in the same manner. I will suppose, that on a sudden, a great number of proprietors of lands are desirous of setting them. It is evident that the price of lands will fall, and that with a less sum we may acquire a larger revenue; this cannot come to pass without the interest of money rising, for the possessors of money would chuse rather to buy lands, than to lend at a lower interest than the revenue of the lands they could purchase. If, then, the borrowers want to have money, they will be constrained to pay a greater rate. If the interest of the money increases, they will prefer lending it, to setting out in a hazardous manner on enterprizes of agriculture, industry, and commerce: and they will be aware of any enterprizes but those that produce, besides the retribution for their trouble, an emolument by far greater than the rate of the lender's produce. In a word, if the profits, springing from an use of money, augment or diminish, the capitals are converted by withdrawing them from other employings, or are withdrawn by converting them to other ends, which necessarily alters, in each of those employments, the proportion of profits on the capital to the annual product. Generally, money converted into property in land, does not bring in so much as money on interest; and money on interest brings less than money used in laborious enterprises: but the produce of money laid out in any way whatever, cannot augment or decree without implying a proportionate augmentation, or decrease in other employments of money.</pre> Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Theory of Fructification Creator An entity primarily responsible for making the resource Anne Robert Jacques Turgot Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Economic Ideas Subject The topic of the resource A list of ideas and theories in economics Text A resource consisting primarily of words for reading. Examples include books, letters, dissertations, poems, newspapers, articles, archives of mailing lists. Note that facsimiles or images of texts are still of the genre Text. Text Any textual data included in the document "Thus every part was full of vice, Yet the whole mass a paradise; Flatter’d in peace, and fear’d in wars They were th’ esteem of foreigners, And lavish of their wealth and lives, The balance of all other hives. Such were the blessings of that state; Their crimes conspir’d to make them great: And virtue, who from politics Has learn’d a thousand cunning tricks, Was, by their happy influence, Made friends with vice: And ever since, The worst of all the multitude Did something for the common good." Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource "The invisible hand" Creator An entity primarily responsible for making the resource Bernard Mandeville Source A related resource from which the described resource is derived The Fable of the Bees Date A point or period of time associated with an event in the lifecycle of the resource 1714 Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Economic Ideas Subject The topic of the resource A list of ideas and theories in economics Text A resource consisting primarily of words for reading. Examples include books, letters, dissertations, poems, newspapers, articles, archives of mailing lists. Note that facsimiles or images of texts are still of the genre Text. Text Any textual data included in the document Vast numbers throng’d the fruitful hive; Yet those vast numbers made ’em thrive; Millions endeavouring to supply Each other’s lust and vanity; While other millions were employ’d, To see their handy-works destroy’d; They furnish’d half the universe; Yet had more work than labourers. Some with vast flocks, and little pains, Jump’d into business of great gains; And some were damn’d to scythes and spades, And all those hard laborious trades; Where willing wretches daily sweat, And wear out strength and limbs to eat: While others follow’d mysteries, To which few folks binds ’prentices; That want no stock, but that of brass, And may set up without a cross; As sharpers, parasites, pimps, players, Pickpockets, coiners, quacks, soothsayers, And all those, that in enmity, With downright working, cunningly Convert to their own use the labour Of their good-natur’d heedless neighbour. These were call’d Knaves, but bar the name, The grave industrious were the same: All trades and places knew some cheat, No calling was without deceit. Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource "Division of Labor" Creator An entity primarily responsible for making the resource Bernard Mandeville Source A related resource from which the described resource is derived The Fable of the Bees Date A point or period of time associated with an event in the lifecycle of the resource 1714 Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Economic Ideas Subject The topic of the resource A list of ideas and theories in economics Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Marginal Utility - First Mention Creator An entity primarily responsible for making the resource Daniel Bernoulli Source A related resource from which the described resource is derived Specimen theoriae novae de mensura sortis Date A point or period of time associated with an event in the lifecycle of the resource 1738 Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Economic Ideas Subject The topic of the resource A list of ideas and theories in economics Text A resource consisting primarily of words for reading. Examples include books, letters, dissertations, poems, newspapers, articles, archives of mailing lists. Note that facsimiles or images of texts are still of the genre Text. Text Any textual data included in the document "Nothing is more common than to hear of the advantages which the land possesses over every other source of useful produce, on account of the surplus which it yields in the form of rent. Yet when land is most abundant, when most productive, and most fertile, it yields no rent; and it is only when its powers decay, and less is yielded in return for labour, that a share of the original produce of the more fertile portions is set apart for rent. It is singular that this quality in the land, which should have been noticed as an imperfection, compared with the natural agents by which manufacturers are assisted, should have been pointed out as constituting its peculiar pre-eminence. If air, water, the elasticity of steam, and the pressure of the atmosphere, were of various qualities; if they could be appropriated, and each quality existed only in moderate abundance, they as well as the land would afford a rent, as the successive qualities were brought into use. With every worse quality employed, the value of the commodities in the manufacture of which they were used would rise, because equal quantities of labour would be less productive. Man would do more by the sweat of his brow, and nature perform less; and the land would be no longer pre-eminent for its limited powers." - Chapter 2 “a new tax too may destroy the comparative advantage which a country before possessed in the manufacture of a particular commodity" - Chapter 19 Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Comparative Advantage Description An account of the resource Under free trade, an agent will produce more of and consume less of a good for which they have a comparative advantage. Creator An entity primarily responsible for making the resource David Ricardo Source A related resource from which the described resource is derived On the Principles of Political Economy and Taxation Date A point or period of time associated with an event in the lifecycle of the resource 1817 Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Economic Ideas Subject The topic of the resource A list of ideas and theories in economics Text A resource consisting primarily of words for reading. Examples include books, letters, dissertations, poems, newspapers, articles, archives of mailing lists. Note that facsimiles or images of texts are still of the genre Text. Text Any textual data included in the document "1) What is to be done, that is what goods and services are to be produced, and in what proportions; 2) Organizing production, in the narrow sense, of getting done the things settled as most worth doing; 3) Distribution, the apportioning the products among members of society; 4) Maintaining and improving the social structure, Promoting social progress; 5) To Adjust Consumption to Production within Very Short Periods" Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Five Functions of Economic Systems Creator An entity primarily responsible for making the resource Frank Knight Source A related resource from which the described resource is derived The Economic Organization Publisher An entity responsible for making the resource available University of Chicago, Date A point or period of time associated with an event in the lifecycle of the resource 1933 Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Economic Ideas Subject The topic of the resource A list of ideas and theories in economics Text A resource consisting primarily of words for reading. Examples include books, letters, dissertations, poems, newspapers, articles, archives of mailing lists. Note that facsimiles or images of texts are still of the genre Text. Text Any textual data included in the document "Where the trade-diverting effect is predominant, one at least of the member countries is bound to be injured, both may be injured, the two combined will suffer a net injury, and there will be injury to the outside world and to the world at large." Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Trade Diversion Description An account of the resource Trade flow is diverted from actually cost-efficient partner state to less efficient one Creator An entity primarily responsible for making the resource Jacob Viner Source A related resource from which the described resource is derived The Customs Union Issue Date A point or period of time associated with an event in the lifecycle of the resource 1950