Political economy

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Monograph

Identifikator:: 867647221

URN:: urn:nbn:de:zbw-retromon-93157

Document type:: Monograph

Author:: Chapman, Sydney John http://d-nb.info/gnd/123743141

Title:: Political economy

Place of publication:: London [u.a.]

Publisher:: Williams & Norgate [u.a.]

Year of publication:: 1912

Scope:: 1 Online-Ressource (255 Seiten)

Collection:: Economics Books

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102 POLITICAL ECONOMY sell it at different prices, out of regard, as well as with regard, to the cost of the service provided. Broadly speaking, freight rates per unit of bulk or weight are higher for commodities of much value than for those of the little value. It is assumed that the greater the value of the commodity the more will purchasers pay for carriage without materially curtailing their purchases. The principle embodied in the custom is known as the principle of charging what the traffic will bear. Personal discrimination means that one man is charged more than another simply because he can pay more, though there is neither a local nor trade basis for the differ ential charge. Generally speaking, we may say that by the business community all the world over personal discriminations have been sternly resisted. But in the form of income discriminations they are not altogether unknown. They may be resorted to indirectly when different qualities of a thing are supplied, provided that the higher qualities are consumed chiefly by the wealthier classes. The prices for the better qualities may be fixed disproportionately high in view of the excess of their cost over the cost of the lower qualities. Income discriminations have

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