Vietnam or Thailand ? Vote for the TOP Country of the Week !
Updated: June 26, 2025
Whatever is consumed by such a performer, we consider as unproductively consumed: the accumulated total of the sources of enjoyment which the nation possesses, is diminished by the amount of what he has consumed: whereas, if it had been given to him in exchange for his services in producing food or clothing, the total of the permanent sources of enjoyment in the country might have been not diminished but increased.
But five per cent, of the potential power residing in the coal actually mined is saved and used. For example, only about five per cent, of the power of the one hundred and fifty million tons annually burned on the railways of the United States is actually used in traction; ninety-five per cent, is expended unproductively or is lost.
This accordingly is the test by which we must try all such questions, and by which the propriety of the analogical argument, from dealing with a tradesman to dealing with a nation, must be decided. Let us take, for instance, as our example, Paris, which is much frequented by strangers from various parts of the world, who, as sojourners there, live unproductively upon their means.
Though A might have spent his property unproductively, B ought not to be permitted to rob him of it because B will expend it on productive labour. In any supposable case, however, the issue of paper money by bankers increases the proportion of the whole capital of the country which is destined to be lent.
Anne sometimes fancied she discerned him at a distance, but he never came. The anxious interval wore away unproductively. The others returned, the room filled again, benches were reclaimed and repossessed, and another hour of pleasure or of penance was to be sat out, another hour of music was to give delight or the gapes, as real or affected taste for it prevailed.
The capital thus set free, finds its most convenient seat to be Paris, since the business to which it must turn is the production of articles to be unproductively consumed by the sojourners. The great trading towns of France would undoubtedly be more flourishing, if France were not frequented by foreigners.
After this definition, they usually proceed to tell us that the net produce, and that alone, constitutes the fund from which a nation can accumulate, and add to its capital, as also that which it can, without retrograding in wealth, expend unproductively, or for enjoyment. Now, it is impossible that both the above propositions can be true.
Yes, say many political economists, if they save any part of their incomes, and employ them reproductively; because then an addition is made to the national capital, and the produce is a clear increase of the national wealth. But if the foreigner expends all his income unproductively, it is no benefit to the country, say they, and for the following reason.
But an uncultivated mind is like an automaton, which can do only the thing for which its wheels or springs were made. Brute force expends itself unproductively. It is ignorant of the manner in which Nature works, and hence it can not avail itself of her mighty agencies. Often, indeed, it attempts to oppose Nature. It throws itself across the track where her resistless car is moving.
Hedging and ditching they term productive labour, though those operations conduce to production only indirectly, by protecting the produce from destruction; but the necessary expenses incurred by a government for the protection of property are, they insist upon it, consumed unproductively: though, as has been well pointed out by Mr.
Word Of The Day
Others Looking