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Sergeant Barton happened to ask; "you had a fair chance," the Arab being about forty yards off, and the Scotsman "drawing a bead" on him. "I was trying to get two in a line," said the economist; and presently he succeeded. Being protected by the hedge naturally made the men cooler, and able to afford to reserve their fire.
Hence, Political Economy, the Science of Wealth, is the favourite study of these bartering Jews. Every one of them is a Political Economist. The relation of the manufacturer to his operatives has nothing human in it; it is purely economic. The manufacturer is Capital, the operative Labour.
The difference between the artificial plantation and the natural wood, illustrates the distinction between the imaginary communities which the political economist expects to see grow up, in conformity with his theories, and acting in obedience to his dictates, and the nations of flesh and blood which exist around us, of which we form a part, and which are immediately affected by ill-judged or inapplicable measures of commercial regulation.
Were there only a compensatory arrangement for this also in another class who should be driven by a like irresistible instinct to unreadable books, the heart of the political economist would be gladdened at seeing the substantial rewards of authorship so much more equally distributed by means of a demand adapted to the always abundant supply. We should like Mr.
Savage, however, was satisfied, and willing to retire, and was convinced that the allowance, though scanty, would be more than sufficient for him, being now determined to commence a rigid economist, and to live according to the exact rules of frugality; for nothing was in his opinion more contemptible than a man who, when he knew his income, exceeded it; and yet he confessed that instances of such folly were too common, and lamented that some men were not trusted with their own money.
For almost a full century Russia has been the theater of a great revolutionary movement. In the light of Russian history we read with cynical amusement that in 1848, when all Europe was in a revolutionary ferment, a German economist confidently predicted that revolutionary agitation could not live in the peculiar soil of Russian civilization.
Papa says, 'Look after the tips and the legitimate expenses will look after themselves. So I look after the tips and trust to luck for the rest to come out right. I am not much of an economist, I fear, but I am learning, now that I am on a strict allowance." An elevator, so slow that its progress was almost imperceptible, took them to the fifth floor where Mrs.
The old laissez faire political economist would ask, "Why, since labour is always moving towards the place where it can be most profitably employed, is it necessary to do anything but let it flow? Why should the State or philanthropic people busy themselves about the matter? If labour is not wanted in one place, and is wanted in another, it will and must leave the one place and go to the other.
Never from that moment to this have I ceased to pay it the most constant attention, not so much as a study as an amusement; but at that time my uncle's object was not to make me a profound political economist.
We observe the actions of men moved by the instinct of preservation and of progress; and what they do freely, voluntarily, is precisely what we call political economy, or the economy of society. We go on repeating with out cessation: "Every man is practically an excellent economist, producing or exchanging, according as it is most advantageous to him to exchange or to produce.
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