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Everybody's Guide to Money Matters - William Cotton


Many banks provide and require their customers to use "paying-in slips," that is, printed forms specifying the payments made to the bank under the head of cheques, notes, gold, and silver. A form is handed in with each payment, and the initials of the cashier placed against the amount noted on the counterfoil, which is retained by the customer.

  

 


 

Modern Economic Problems - Frank Albert Fetter


Property means ownership, and “ownership” is the abstract noun expressing the quality of possessing a thing. Correspondingly, “owner” is the Anglo-Saxon equivalent of “proprietor.” Property thus, fundamentally, means not an object held, or possessed, but the right in or belonging to a person to control something that he owns. Ownership is a legal right to control under certain conditions.[2] Physical, possession of an object is not necessarily ownership.

 

 


 

Problems of Poverty - John A. Hobson
 

The first condition of “sweating” is an abundant and excessive supply of low-skilled and inefficient labour. It needs no parade of economic reasoning to show that where there are more persons willing to do a particular kind of work than are required, the wages for that work, if free competition is permitted, cannot be more than what is just sufficient to induce the required number to accept the work. In other words, where there exists any quantity of unemployed competitors for low-skilled work, wages, hours of labour, and other conditions of employment are so regulated, as to present an attraction which just outweighs the alternatives open to the unemployed, viz. odd jobs, stealing, starving, and the poor-house.

 

 


 

Representations on the Subject of Money - Isaac Newton


I am humbly of Opinion therefore, that the Gold Coins should be of the Weight and Fineness expressed in the Paper hereunto annexed*, and the Silver ones, all in the printed Proclamation, unless for the Reasons above mentioned, it should be thought fit to take 2d. from the Value of the Crusadoes, and add 18 Grains to the Weight of the Dollars.

 

 


 

Graph of simple supply and demand curves Supply and Demand - Hubert D. Henderson


Now the keynote of their practical conclusions was that Governments were doing immense mischief by meddling with a great many matters, which they would have done better to leave alone. In this they were in general agreement with one another; incidentally—let there be no mistake about it—they were right. But, as invariably happens in public controversy, their opinions became crystallized in a compact formula, or cry, with unduly sweeping implications. This was the cry of “ laissez-faire.”

 

 


An Inquiry Into The Nature And Causes Of The Wealth Of Nations - Adam Smith

THE annual labour of every nation is the fund which originally supplies it with all the necessaries and conveniences of life which it annually consumes, and which consist always either in the immediate produce of that labour, or in what is purchased with that produce from other nations.

 

 

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