{"product_id":"2940012382771","title":"BRIERY CREEK - A Tale","description":"Proofed and corrected from the scanned original edition.  \u003cbr\u003e\u003cbr\u003e*****\u003cbr\u003e\u003cbr\u003eSummary of Principles Illustrated in This Volume.\u003cbr\u003e\u003cbr\u003e\u003cbr\u003eConsumption is of two kinds, productive and unproductive.\u003cbr\u003e\u003cbr\u003eThe object of the one is the restoration, with increase, in some new form, of that which is consumed. The object of the other is the enjoyment of some good through the sacrifice of that which is consumed.\u003cbr\u003e\u003cbr\u003eThat which is consumed productively is capital, reappearing for future use. That which is consumed unproductively ceases to be capital, or any thing else. It is wholly lost.\u003cbr\u003e\u003cbr\u003eSuch loss is desirable or the contrary in proportion as the happiness resulting from the sacrifice exceeds or falls short of the happiness belonging to the continued possession of the consumable commodity.\u003cbr\u003e\u003cbr\u003eThe total of what is produced is called the gross produce.\u003cbr\u003e\u003cbr\u003eThat which remains, after replacing the capital consumed, is called the net produce.\u003cbr\u003e\u003cbr\u003eWhile a man produces only that which he himself consumes, there is no demand and supply.\u003cbr\u003e\u003cbr\u003eIf a man produces more of one thing than he consumes, it is for the sake of obtaining something which another man produces, over and above what he consumes.\u003cbr\u003e\u003cbr\u003eEach brings the two requisites of a demand; viz., the wish for a supply, and a commodity wherewith to obtain it.\u003cbr\u003e\u003cbr\u003eThis commodity, which is the instrument of demand, is, at the same time, the instrument of supply.\u003cbr\u003e\u003cbr\u003eThough the respective commodities of no two producers may be exactly suitable to their respective wishes, or equivalent in amount, yet, as every man's instrument of demand and supply is identical, the aggregate demand of society must be precisely equal to its supply.\u003cbr\u003e\u003cbr\u003eIn other words, a general glut is impossible.\u003cbr\u003e\u003cbr\u003eA partial glut is an evil which induces its own remedy; and the more quickly, the greater the evil; since, the aggregate demand and supply being always equal, a superabundance of one commodity testifies to the deficiency of another; and, all exchangers being anxious to exchange the deficient article for that which is superabundant, the production of the former will be quickened, and that of the latter slackened.\u003cbr\u003e\u003cbr\u003eA new creation of capital, employed in the production of the deficient commodity, may thus remedy a glut.\u003cbr\u003e\u003cbr\u003eA new creation of capital is always a benefit to society, by constituting a new demand.\u003cbr\u003e\u003cbr\u003eIt follows that all unproductive consumption of capital is an injury to society, by contracting the demand. In other words, an expenditure which avoidably exceeds the revenue is a social crime.\u003cbr\u003e\u003cbr\u003eAll interference which perplexes the calculations of producers, and thus causes the danger of a glut, is also a social crime.","brand":"Leila's Books","offers":[{"title":"Default Title","offer_id":47183470625008,"sku":"2940012382771","price":2.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0737\/7593\/9824\/files\/2940012382771_p0.jpg?v=1763568062","url":"https:\/\/shop-qa.barnesandnoble.com\/products\/2940012382771","provider":"Barnes \u0026 Noble (DEV)","version":"1.0","type":"link"}