at

322

INDEX

Protection, 245, 249-265.
Publicity, 155,

Roundabout processes of production,
89.
Royalties, 108.

QUANTITY theory of money, 160,
Quasi-rent, 111, 125, 127, 153.
Ouickly-terminating risks. oI.

SACRIFICE, equal, 276-278, 293.
Satiable wants, 15.
Satiety, 24, 300, 301.
Saving, 84-87.
,» excessive, 95, 96.
Scarcity and value, 47, 63.
Scotch and Irish bank-notes, 185.
Secrecy of trade, 155.
Seigniorage, 197.
5 French, 196.
Self-regarding action, 15.
Self-supporting worker, 137.
Services, export of, 217, 221
Shareholder, ordinary, 157.
Shares, farming on, 115.
Shifting of taxation, 282.
Shipping, British, 215, 220.
Short-period investment, 91.
Short periods, money supply in, 172.
shorter working day, 140.
Sidgwick, 174.
Sight-drafts, 237.
Silver certificates, 188,
,» currency and exchange-rates, 233.
Single 2. multiple issue of notes, 192,
193.
Situation, advantages of, 08, 104.
Skill, is it wealth? 6,
Slaughter market, 264.
Slavery, 6.
sSliding-scales, 149.
Small and large farms, 115.
Social standing of landowner, 115.
Soils, recourse to inferior, 103-105, 110.
Sovereign, weight of the, 196, 231.
Specie payments, resumption of, 183.
,» points, 229, 232, 233.
Speculation, 158, 159,
”» in exchange, 236, 237.
Spending wisely, 131, 256.
Spendthrift borrowing and interest, 93-Stability
 of value of gold, 166.
Stable equilibrium, 57.
Stagnation, 265.
Stamp duty, 238.
Standard coin, 195.
,»  ofdeferred payments, 165, 177.
5» of living, 128-134.
Steady market secured by protection,
264.
Stock exchange securities, 40.
” in international
exchange, 218.
Stock of gold in England, 224.
Stocks and shares, 153.

RAILWAY rate problem, 73-75.
Rapidity of circulation, 169.
Rate of barter, 33.
,» exchange, 201, 225, 227.
Rational action assumed, 15.
Real wages, 1309, 261.
Reciprocal demand, 38, 200, zor.
Reciprocity of tariffs, 263.
Redeemable paper currency, 182.
Redistribution of property by taxation,
278.
Regulation of note-issues, 182, 189.
’s output under monopoly,
17, 135.
Relative costs of production, 207.
5» marginal utilities, 208.
Remitting for imports, 226, 242.
Rent, building-, 105-107.
»y contract-, 102,
1» cost of production and, 109-112,
I54, 313.
,» mining, 105, 108,
,» of land, 101.
,y taxes on, 282,
Representative money, 165, 174, 181.
” producer, 60, 291, 292.
Reserve, banker's, 177, 183, 235.
,» of cash, 167, 168, 172.
Resistance to wage - reduction, 133,
135.
Restriction of demand, 30, 203, 257, 298,
299.
entry into a trade, 141.
” note-issues, 182.
Retail prices, 75, 242.
Retaliation, 263.
Return, greatest net, on land, 100.
,» to capital invested, and interest
82, 94.
Returns, constant, 48, 50, 120, 302.
decreasing, 48, 51, 52, 98, 99,
120, 121, 203, 207, 302, 308
. 309, 313.
increasing, 48, 54, 121, 122,
208-209, 302, 300, 3I0.
Revenue, as measure of taxation, 275-276.

. »_-duties, 266.
Ricardian statement, 107.
Risk and interest-rates, 83, oI, 02.
Risk-taking and profits, 157, 184.