The Road to PlentyHoughton Mifflin, 1928 - 229 pages |
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Expressions et termes fréquents
Adam Smith added the Business admit agreed answered the Business asked the Gray asked the Lawyer banks Bishop Board Business Man replied buyers capital facilities cause commodity money Congress Congressman consumer income convince declared demand depression discussion dollars economists expenditures Farmer Federal Reserve System flow of money Government Gray Man's gressman hope increase industry inflation insisted Joe Burns John Stuart Mill Kindly Lawyer knew Little Gray looked markets matter means ment Mill million money to consumers ness never nomic objections output pinochle Plain Facts Plan Policy price-level problem production Profes progress propose prosperous question Red-Haired Orator remarked right flow right rate ROAD TO PLENTY savings Semi-Silk Salesman smoking-room spend suffer sumers supply suppose taxes tell thing thought Three Wise Men tion underconsumption volume of money wages WILLIAM TRUFANT FOSTER workers
Fréquemment cités
Page 138 - It is a machine for doing quickly and commodiously, what would be done, though less quickly and commodiously, without it : and like many other kinds of machinery, it only exerts a distinct and independent influence of its own when it gets out of order.
Page 94 - ... crore of rupees. I am hopeful that generosity in this respect will not be a misplaced virtue, either in the direct returns that it will bring in, or in its general effect upon the prosperity of the country. For the reasons that I have named, I doubt whether irrigation can continue to do as much in the future as it has done in the past, owing to the gradual exhaustion of the majority of the big schemes. Still, even if our sphere of action is less grandiose and spacious than in bygone days, I believe...
Page 77 - If we are getting restless under the taxonomy of a monocotyledonous wage doctrine and a cryptogamic theory of interest, with involute, loculicidal, tomentous and moniliform variants, what is the cytoplasm, centrosome, or karyokinetic process to which we may turn, and in which we may find surcease from the metaphysics of normality and controlling principles?
Page 193 - Progress requires a constant flow of new money to consumers. If, therefore, business indexes show the need of a reinforced consumer demand which cannot be met without additional Government expenditures, the Board should bring about such expenditures...
Page 200 - When business begins to look rotten, more public spending." But would not this increase the national debt? Only in times of depression, they replied; and, in any case, debt increase was hardly an irreparable disaster. "It means scarcely more than that the people of the United States collectively owe themselves more money," while the nation gains in real wealth and spares itself the "greatest waste of all ... the waste of idle plants and idle workers." 7 These ideas roused interest in some quarters....
Page 141 - ... fundamental ; any difference of opinion on it involves radically different conceptions of Political Economy, especially in its practical aspect. On the one view, we have only to consider how a sufficient production may be combined with the best possible distribution, but on the other there is a third thing to be considered — how a market can be created for produce, or how production can be limited to the capabilities of the market.
Page 59 - Navy and millions of people abroad, but had enough left to enable them to enjoy during the War at least as high a standard of living as before the War. And at the same time, they added far more to our capital facilities in various industries than we have since been able to use.
Page 201 - When production is far below capacity, and many workers are unemployed because demand for their products is insufficient, it is far better for the Government to spend money on public works than to use the money to pay debts.