Free and Discounted Ebooks
Join 130,000 readers! Get our ebook deals straight to your inbox.

The Economist

Volume 1, No. 3

Cover image for


Author: Various Authors
Published: 1843
Language: English
Wordcount: 38,153 / 124 pg
Flesch-Kincaid Reading Ease: 13.6
LoC Categories: AP, HB
Downloads: 8,431
Added to site: 2008.12.29 23015
Genre: Periodical

tion of the gains. In the course of time, however, the public began to discover that these monopolies acted upon them directly as a tax of a most odious description; that the privileged person found it needful always to keep the supply short to obtain his high price (for as soon as he admitted plenty he had no command of price)--that, in short, the sovereign, in conferring a mark of regard on a favourite, gave not that which he himself possessed, but only invested him with the power of imposing a contribution on the public.

The public once awake to the true operation of such privileges, and severely suffering under the injuries which they inflicted, perseveringly struggled against these odious monopolies, until the system was entirely abandoned, and the crown was deprived of the power of granting patents of this class. But though the public saw clearly enough that these privileges granted by the sovereign to individuals operated thus prejudicially on the community, they did not see with equal clearness



Join 120,000+ fellow readers! Get Free eBooks and book bargains from ManyBooks in your inbox. 

We respect your email privacy

login | register

User ID


reset password

Author of the Day

Maria La Serra
Maria La Serra believes in love and serendipity. She also believes in creating novels that are a bit different from the regular, run-of-the-mill books that readers have become accustomed to. As our author of the day, La Serra chats with us about her debut work, The Proverbial Mr. Universe, fashion design and serendipity.
Read full interview...