This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1844 edition. Excerpt: ...oscillating market price (reflecting the cost adfected by the quantity) and the steady central price, or natural price, (reflecting the cost only, without regard to quantity.) On the other hand, whilst horses are perhaps always at market value, boots and shoes are never known to bear a market value. ...
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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1844 edition. Excerpt: ...oscillating market price (reflecting the cost adfected by the quantity) and the steady central price, or natural price, (reflecting the cost only, without regard to quantity.) On the other hand, whilst horses are perhaps always at market value, boots and shoes are never known to bear a market value. Some variation may occur slowly in the price of hides, and therefore of leather. This, however, is not much, where no changes happen in the course of foreign trade, and none in the duties. As to the manufactured article, there is so little reason for supplying it in any variable ratio, and shoemakers are notoriously such philosophic men, and the demand of the public is so equable, that no man buys shoes or boots at any other than the steady natural price. The result of this difference is seen in the two orders of men, shoemakers and horsedealers. The horse-dealer is always too clever; whilst it is in no scorn, but in thankful remembrance of such men as Jacob Boehmen, &c., that Mr Coleridge and many others have declared the shoemakers craft to be f the most practically productive of meditation amongst i men. This has partly been ascribed to its sedentary habits; but much more, I believe, depends upon the shoemaker s selling always at natural, never at unnatural or market price; whilst the unhappy horse-dealer, being still up to his lips in adfected price, and absolutely compelled to tamper with this price, naturally gets the habit of tampering with the buyer s ignorance, or any other circumstance that shapes the price to his wishes. Market price, therefore, is so far from meaning the rude idea of price in a market, that such a term would never have been introduced as a technical distinction, except expressly for...
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