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Speculations from Political Economy

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Author: C.B. Clarke
Language: English
Wordcount: 20,764 / 66 pg
Flesch-Kincaid Reading Ease: 49
LoC Categories: J, HB
Downloads: 394 1733
Genres: Politics, Essays

ve £10,000 in England, £5000 invested in Australia. We may reckon his wealth in England either as including or excluding the £5000, which he could transfer (probably very speedily) to England in gold if he desired it tangibly. Whichever way we reckon his wealth and that of other individuals, we shall in like manner in the sum get the wealth of England: it will be in one case the wealth in England-in the other case the wealth in England plus the lien which residents in England have on other countries in the world.

In parallel manner the effective capital of England, which can be brought into the wages fund, must be the sum of the capital of all the individuals.

These two self-evident truths are capable of many applications: we see directly from them that the National Debt, so far as it is held by residents in England, neither diminishes the national wealth nor affects the wages fund. We see also directly that any exchange between an Englishman and a foreigner which gives a profit to the Englishman gives



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A recipient of the 2013, 2015 and 2016 Readers’ Favorite Award for Suspense and Romance, Lorhainne lives on the sunny west-coast Gulf Island of Salt Spring Island, is the mother of three, her oldest has autism and she is an advocate for never giving up on your dreams. She is frequently a Top 100 bestselling author in multiple genres, and we expect that her The Outsider Series: The Complete Omnibus will also follow suit. As our Author of the Day, Eckhart talks about the Friessen men from her books, reveals which book in the omnibus was her personal favorite and talks about how important it is to schedule time to write.
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