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On The Principles of Political Economy and Taxation Part 3
March 21, 2012
Chapter 23: On Bounties on Production It may not be uninstructive to consider the effects of a bounty on the production of raw produce and other commodities, with a view to observe the application of the principles which I have been endeavouring to establish, with regard to the profits of stock, the division of the […]
On The Principles of Political Economy and Taxation Part 2
March 21, 2012
Chapter 12: Land-Tax A land-tax, levied in proportion to the rent of land, and varying with every variation of rent, is in effect a tax on rent; and as such a tax will not apply to that land which yields no rent, nor to the produce of that capital which is employed on the land […]
On The Principles of Political Economy and Taxation Part 1
March 21, 2012
PREFACE The produce of the earth — all that is derived from its surface by the united application of labour, machinery, and capital, is divided among three classes of the community; namely, the proprietor of the land, the owner of the stock or capital necessary for its cultivation, and the labourers by whose industry it […]
An Inquiry Into the Nature and Causes of the Wealth of Nations Book 2
March 21, 2012
BOOK TWO – INTRODUCTION OF THE NATURE, ACCUMULATION, AND EMPLOYMENT OF STOCK ——————————————————————————– IN that rude state of society in which there is no division of labour, in which exchanges are seldom made, and in which every man provides everything for himself, it is not necessary that any stock should be accumulated or stored up […]
Birth of Coinage
March 19, 2012
The Origins of Money Chapter III By Martin A. Armstrong The Birth of Coinage The Importance of Weight As trade between regions and nations gradually began to expand, some form of international trade would have been necessary. It is perhaps because of this primary reason that ultimately money among trading nations at least tended to […]
Money and the Evolution of Banking
March 19, 2012
The Origins of Money Chapter II By Martin A. Armstrong Money and the Evolution of Banking While prostitution has long been regarded as the first profession and lawyers as close second, the banking profession is clearly the third oldest known to humankind. The invention of banking preceded that of coinage by several thousand years. Banking […]
Anatomy of a Debt Crisis that appears, only Julius Caesar ever understood.
March 19, 2012
Copyright Martin A. Armstrong, all right reserved March 18th, 2012 Please register for Special Updates ArmstrongEconomics.COM / Princeton Economic Institute Copyright Martin A. Armstrong All Rights Reserved Disclaimer: Futures, Options, and Currency trading all have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to […]
Global Market Watch
March 16, 2012
[s_ticker_display] Available to those who have Registered Global Market Watch We will be posting the Global Market Watch here on this site since it is best to update after US hours closing or after 9PM EST. We will be providing an annual subscription service when this is finished with additional secondary pages. DJIND-M GMW 1929-2013 […]
Roman Coin Sets
March 16, 2012
Roman Coins The response to the offering of Roman Coins was simply overwhelming. So many people have written asking how they can buy Roman Coins and others realizing these are from the 3rd Century have asked are there examples available documenting the collapse of the monetary system? I have contacted some old friends with respect to […]
