Browsing By Tag "reciprocity"
To Business Men. To you, business men, I dedicate these new essays. You have always been the boldest, the most skillful revolutionaries. It was you who, from the third century of the Christian era, drew the winding-sheet over the Roman Empire in Gaul, by your municipal federations. Had it not been for the barbarians, whose coming suddenly changed the aspect of affairs, the republic which you established would have ruled the Middle Ages. Remember that the monarchy in our country is Frankish, not Gallic. It was you who later vanquished feudalism, arraying the town against the castle, the king against the vassals. Finally, it was you who, for eighty years past, have proclaimed, one after the other, all the revolutionary ideas—liberty of worship, liberty of the press, liberty of association, liberty of commerce and industry: it is you who, by your cleverly drawn constitutions, have curbed the altar and the throne, and established upon a permane...
These letters, addressed to Frederic Bastiat, an economist, originally appeared in a debate published in The Voice of the People, in 1849. Interest and Principal A Loan is a Service On the one hand, it is very true, as you have unquestionably established, that a loan is a service. And as every service has a value, and, in consequence, is entitled by its nature to a reward, it follows that a loan ought to have its price, or, to use the technical phrase, ought to bear interest. But it is also true, and this truth is consistent with the preceding one, that he who tends, under the ordinary conditions of the professional lender, does not deprive himself, as you phrase it, of the capital which be lends. He lends it, on the contrary, precisely bec... (From : Anarchy Archives.)
These letters, addressed to Frederic Bastiat, an economist, originally appeared in a debate published in The Voice of the People, in 1849. Interest and Principal The Origin of Ground Rent I said before that in ancient times the landed proprietor, when neither he nor his family farmed his land, as was the case among the Romans in the early days of the Republic, cultivated it through his slaves: such was the general practice of patrician families. Then slavery and the soil were chained together; the farmer was called adscrpitus gleboe, joined to the land; property in men and things was undivided. The price of a farm depended upon its area and quality of its soil, upon the quantity of stock, and upon the number of slaves. When the emancipation... (From : Anarchy Archives.)