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An Apostate: Nawin of Thais

By: Steven David Justin Sills

...d himself that his dizziness was from being drunk on the self, a plausible theory, and yet he continued to quaff his sumptuous reflection in spite of ... ...their stomachs, and it disposed of beings and generations of beings like a consumer throwing out beer bottles. He knew, as much as one could know from... ...Also a good airing out is as good as soap and water. That's always been my theory." The Laotian grinned mischievously, and then looked out of the wind... ...ities mirrored in the partner which makes them feel less alone. That is my theory, for what it is worth." "You are a deep one, aren't you?" asked the ... ...laying his meager role in the production of goods to be sold to insatiable consumers he found himself unemployed and eventually reduced to a beggar wh... ...meted. And for those who never had anyone there, for them, he, at least in theory, wanted to be there the way Noppawan had been there for him in his y... ...pe your pathetic middle aged life for a while. Now you can help me." "Well consumer beware, but it's certainly cheaper than being a benefactor providi... ...hel studies as though he were an astrophysicist on the verge of a singular theory. He had gazed at the varmints and their apotheosized obscenity, vile...

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Surviving the Economic Crisis : Current and Future Trends

By: Mark W. Medley

... a low income job. In 1929, this would not be considered poverty, but wealth. Consumer goods are far cheaper compared to incomes, then anytime in hu... ...nfusion through these almost broke banks, that is going to be passed onto the consumer. Bear in mind, we are not talking about Zimbabwe here, but th... ...elease any spare cash in our pockets to enable us to spend. 3. Lower priced Consumer Goods Exporters will lower prices for their products, and d... ... of these industries, governments will have to give some kind of incentive to consumers to buy from these industries. If it's a price incentive, the... ... Buying National products could be perceived as Nationalistic, although consumers have usually bought on price. In the USA, the engine of the g... ...d, needs. And chances are, they themselves may have something you need. So in theory, exchanging goods for the equivalent value of another, does not...

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The Future of the Internet : And How to Stop It

By: Jonathan Zittrain

...omputers did not have to be built that way: there could simply be a world of consumer information technology that comprised appliances. As with a Flex... ...s, and car- tridges became a more cost-effective way to install software. The consumer merely needed to know how to load in the cassette, diskette, or ... ...m in the late 1980s, 1 what cheap processors would small firms and mainstream consumers be using today? One possibility is a set of information applia... ...ost of deploying specialized hardware for that purpose might have ex- ceeded consumer demand. There is still the question of networking. People would ... ...dvance, however, was the dial-up modem, a crucial piece of hardware bridging consumer information processors and the world of computer networks, wheth... ...ativity, but it lacks accessibility. 11 The Generative Pattern 77 Affordance Theory Fields such as psychology, industrial design, and human-computer i... ...ble options are as obvious and inviting as possible to the intended users. A theory of affordances can also be used to predict what various people migh... ...he damage that they can inadvertently do. Yet unlike generativity, affordance theory does not focus much on systemic output. Instead, it takes one obje... ... and delineates its possible or likely uses. More recent incarnations of the theory suggest that the object’s designer ought to anticipate its uses an...

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Utility, Rationality and Beyond – from Behavioral Finance to Informational Finance

By: Sukanto Bhattacharya

...iness, Bond University for his thoughtful insights on some of the utility theory constructs. The author also feels indebted to a large extent to his ... ... This work covers a substantial mosaic of related concepts in utility theory as applied to financial decision-making. It reviews some of the cla... ... utility paradigm offered by the von Neumann-Morgenstern expected utility theory; exploring its major pitfalls before moving into what is postulated ... ...nd not always explicable using the known rules of statistical probability theory. 10 Individuals often have very distorted perceptions of ... ...nations of the two commodities give the same level of satisfaction to the consumer so as the consumer is indifferent to any particular combination. ... ...ce curves approach, the problem of utility maximization for an individual consumer may be expressed as a constrained non-linear programming problem ... ... above problem is formulated with a strict equality constraint i.e. if the consumer is allowed to use up the entire budget on the n commodities, then... ...ire budget on the n commodities, then the utility maximizing condition of consumer’s equilibrium is derived as the following first-order condition: ... ...e classical economic theory that in order to maximize utility, individual consumers necessarily must allocate their budget so as to equalize the rati...

...This work covers a substantial mosaic of related concepts in utility theory as applied to financial decision-making. It reviews some of the classical notions of Benthamite utility and the normative utility paradigm offered by the von Neumann-Morgenstern expected utility theory; exploring its m...

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Capitalistic Musings

By: Sam Vaknin

...t XIX. Scavenger Economies, Predator Economies XX. Notes on the Economics of Game Theory XXI. Knowledge and Power XXII. Market Impeders and Mark... ... far better results. The outcome has been an embarrassing divorce between economic theory and its subjects. The economic actor is assumed to be con... ...f-interest" as the pursuit of the fulfillment of preferences is a tautology. The theory fails to predict important phenomena such as "strong reci... ...n accordance with the predictions of basic economic theories, such as the standard theory of utility and the theory of general equilibrium. Irritat... ...fective method of cost/benefit analysis applicable to such time horizons. How are consumer choices influenced by advertising and by pricing? No on... ...is concerned with the dissemination of information. Yet it is also a signal sent to consumers that a certain product is useful and qualitative and t... ...ing on one's point of view, this is a self- reinforcing virtuous - or vicious cycle. Consumers learn to expect lower prices - i.e., inflationary expe... ... part of the consumption basket underlying the CPI in America as late as 1998. The consumer price index in the USA may be overstated by one percent... ...st thinkers, such as Robert Bork, recommended to revise the law to focus solely on consumer welfare. These - and other insights - were incorporate...

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The Labor Divide

By: Sam Vaknin

...ography IV. Appendix – The Keynesian view of Unemployment, Stabilization Theory and Full Employment Budgeting V. Appendix – Unemployment throughout... ...uctivity, Comparative advantage and Economic Growth”, Journal of Economic Theory 58, 1992 17. “Deindustrialization”, World Economic Outlook, April 1... ... Appendix – The Keynesian view of Unemployment, Stabilization Theory and Full Employment Budgeting (From The Encyclopedia Britannica 1... ...ake the excess demand for commodities effective. The traditional economic theory would postulate that, when actual output is kept at a level below t... ...to make their consumption demands effective. Unemployment then spreads to consumer goods industries. In expansion, the opposite occurs: an increase ... ... which to exert effective demand. Hence business will pick up also in the consumer goods industries. Thus the theory suggests the use of fiscal poli... ...t conducive to sustaining good relations between producer or provider and consumer. 10. Moral relativism is the mirror image of rampant individualis... ... COMPETITION The aims of competition (anti-trust) laws are to ensure that consumers pay the lowest possible price (the most efficient price) coupled... ...o have a deflationary effect by reducing the general price level. It pits consumers against producers, producers against other producers (in the bat...

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Trendsiters Digital Content and Web Technologies

By: Sam Vaknin

...signs, experience, physique, or biography, etc. directly to end-users and consumers. This is a return to pre-industrial times when artisans ruled the... ...to whole segments of the industry (e.g., small, or web-based publishers). Consumers - inundated, disappointed and exhausted - will pay a premium for ... ... to centralized, continuously updated, "addressbooks" of clients (stores, consumers, media, etc.). This reduces the time to market and increases eff... ...tion and process where interested people can market to each other. Ignite consumer networks and then get out of the way and let them talk." T... ...conversion from exposure to a marketing message (even from peers within a consumer network) - to an actual sale is a convoluted, multi-layered, high... ...is case be more readily tolerated as a marginal phenomenon. This is the theory. But the facts are tellingly different. The less the cost of product... ...is not the main function of the advertising dollar. Modern economic signal theory has cast advertising in a new and surprising - though by no means c... ...prising - though by no means counterintuitive - light. According to this theory, the role of advertising is to signal to the marketplace the adverti... ... (CEE). Broadband and e-commerce are distant rumors (ISDN is available in theory but not so in practice - DSL and ADSL are not available at all). Ra...

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Facts and Fictions in the Securities Industry

By: Sam Vaknin

...t XVI. The Distributive Justice of the Market XVII. Notes on the Economics of Game Theory XVIII. The Spectrum of Auctions XIX. Distributions to Pa... ...rincipal Conundrum XXII. Trading in Sovereign Promises XXIII. Portfolio Management Theory XXIV. Going Bankrupt in the World XXV. The Author Intr... ...often bewildering marketplace. As opposed to the assumptions underlying the classic theory of portfolio analysis - investors do remember past prices... ...are not swayed. Studies cited in Edwin Elton and Martin Gruber's "Modern Portfolio Theory and Investment Analysis" and elsewhere show that a filter... ...n the prices of assets - such as stocks or real estate - as they do changes in the consumer price indices? Are asset bubbles indeed inflationary an... ...ed hitherto. But it still allowed them only very limited entry into commercial and consumer lending and trust services. Thus, these institutions we... ...ditor. Charles Kettering, head of the research division of General Motors described consumeritis thus, just days before the crash: "The key to econo... ...ntuitive finding. Asset inflation - no matter how vertiginous - rarely spills into consumer prices. The recent bubbles in Japan and the USA, for in... ...ks, well into the 1920, was to allocate capital to businesses (directly and through consumer credits and mortgages). Deposit-taking was a core func...

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Cyclopedia of Economics

By: Sam Vaknin

...anctity of Human Life" by Baruch A. Brody). One form of calculus is the utilitarian theory. It calls for the maximization of utility (life, happines... ...es. Despite strong philosophical objections to some of the premises of utilitarian theory - I agree with its practical prescriptions. In this cont... ...or falsified. Attaining an achievement involves the construction of an ad-hoc mini theory. Reality has to be thoroughly surveyed, models constructe... ...at the incentives are. That economists pretend otherwise - in "optimal contracting theory" - just serves to demonstrate how divorced economics is f... ...usterity measures is universally unpopular. Employers and employees, producers and consumers - these are all instances of the Principal-Agent Probl... ...OSOPHY OF COMPETITION The aims of competition (anti-trust) laws are to ensure that consumers pay the lowest possible price (=the most efficient pri... ...so tends to have a deflationary effect by reducing the general price level. It pits consumers against producers, producers against other producers (... ...st producers, producers against other producers (in the battle to win the heart of consumers) and even consumers against consumers (for example in ... ...t the national economy. More simply: producers do not waste resources (capital), consumers and businesses pay less for the same goods and service...

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Cyclopedia of Philosophy

By: Sam Vaknin

...anctity of Human Life" by Baruch A. Brody). One form of calculus is the utilitarian theory. It calls for the maximization of utility (life, happines... ...es. Despite strong philosophical objections to some of the premises of utilitarian theory - I agree with its practical prescriptions. In this cont... ...or falsified. Attaining an achievement involves the construction of an ad-hoc mini theory. Reality has to be thoroughly surveyed, models constructe... ...at the incentives are. That economists pretend otherwise - in "optimal contracting theory" - just serves to demonstrate how divorced economics is f... ...usterity measures is universally unpopular. Employers and employees, producers and consumers - these are all instances of the Principal-Agent Probl... ...OSOPHY OF COMPETITION The aims of competition (anti-trust) laws are to ensure that consumers pay the lowest possible price (=the most efficient pri... ...so tends to have a deflationary effect by reducing the general price level. It pits consumers against producers, producers against other producers (... ...st producers, producers against other producers (in the battle to win the heart of consumers) and even consumers against consumers (for example in ... ...t the national economy. More simply: producers do not waste resources (capital), consumers and businesses pay less for the same goods and service...

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Aggregate Measurement of Trade Transaction Costs Reduction in Apec 2007-2010

By: Its Global

...t to be made in exchange for it, from the perspective of the affected business or the consumers of its product.) For this assessment, the pref... ...international leg. The benefit from such a modal switch is the value the firm or its consumer attaches to saving a day in transit, while the costs ... ...t, while the costs are the higher freight charge that is involved in the use of air. Consumers, however, demand less of a good when its price is hig... ...panies are the best source, the data have to be collected on an ad hoc basis. In theory, international freight costs can be estimated indirectly...

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Fixing Global Finance

By: Kavaljit Singh

...nks for their exposures to real estate, housing loans, capital markets and consumer credit. In particular, risk weights and provisioning requirements ... ... There is a paradox between the gains of capital account liberalization in theory and in practice. The arguments supportive of capital account liberal... ...much fewer in comparison with huge economic and social costs. Conventional theory suggests that if there are no restrictions on capital mobility, capi... ... the late 1970s. There is a paradox between the use of capital controls in theory and in practice. Although mainstream theory suggests that controls a... ...nt implications for governments and domestic firms as well as for workers, consumers, and communities in the host countries. Unfortunately, neoliberal... ...Great Crash 1929, Houghton-Mifflin, 1997. John Maynard Keynes, The General Theory of Employment, Interest and Money, Harcourt Brace Jovanovich, 1936/1...

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Eve and David

By: Honoré de Balzac

...nt, “Be careful!” “You will be my tributaries,” said David, “and all other consumers of papers besides.” “Then what are you investigating?” asked the ... ...rld—it was ‘a touch of her father,’ he said, and with that he unfolded his theory of inherited weaknesses. He told us how such and such a family would... ...hought of so many cases in point in ten minutes that I was struck with the theory. The amount of truth in it fur- nished all sorts of wild paradoxes, ... ...her, you frighten me,” said Lucien; “this seems to me to be a highwayman’s theory.” “ And you are right,” said the canon, “but it is no invention of m... ...g. Practical 168 Eve and David wisdom spoke in matter-of-fact language to theory, whose word is always for the future. “Devil fetch me, if I’ll sign ...

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An Inquiry into the Nature and Causes of the Wealth of Nations

By: Adam Smith

...nesses stated the price of the choice pieces of the best beef to be to the consumer 4d. and 4½d. the pound; and the coarse pieces in general to be fro... ...rs cannot be much affected by such regulations, though their inter- est as consumers may, by the rise in the price of provisions. It would be quite ot... ...is case be very deeply affected by such regulations, and their interest as consumers very little. The fall in the price of the wool and the hide would... ...hes, house- hold furniture, etc. which have been purchased by their proper consumers, but which are not yet entirely consumed. The whole stock of mere... ...f which all the other three are circulated and distributed to their proper consumers. Secondly, of the stock of provisions which are in the possession... ...n of the metaphysical arguments by which they support their very ingenious theory, it will sufficiently appear, from the follow- ing review, what are ...

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Walden Or, Life in the Woods

By: Henry David Thoreau

...loth cap, a dingy wool colored greatcoat, and cowhide boots. He was a great consumer of meat, usually carrying his dinner to his work a couple of mil... ...ntly to the last uttered or the forth coming jest. We made many a “bran new” theory of life over a thin dish of gruel, which combined the advantages o...

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The Public Domain : Enclosing the Commons of the Mind

By: James Boyle

...unias at very close to the cost of growing them and bringing them to market. Consumer desires are satisfied and productive resources are allocated effic... ... sound so good. Patents, by contrast, keep the knowledge public, at least in theory; 3 you must describe it to own it.) And again, decisions about the... ...o the economists, the answer is that trademark law does two things. It saves consumers time. We have good reason to believe that a soap that says “Ivo... ...at quality and commercial information flow regulate themselves, with rational consumers judging among goods of consistent quality produced by manufac- ... ...xclude others from one’s trade name, symbol, or slogan produces a market for consumer information in which firms have incentives to establish quality b... ...formation in which firms have incentives to establish quality brand names and consumers can rely on the meaning and the stability of the logos that sur... ... could turn to the cutting edge of technology or to economics or information theory. But none of those would be as useful a starting place as a letter... ... one of the supporters of copyright extension declared that it was merely “a theory” that monopoly makes things expensive. Macaulay agrees, tongue in ... ... monopoly makes things expensive. Macaulay agrees, tongue in cheek. “It is a theory in Chapter 2 22 -1 ___ 0 ___ 1 ___ 37278_u01.qxd 8/28/08 11:04 A...

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The Vatican Conspiracy

By: Jonathan Cross

...a student who should have known the answer. "The United States is primarily a consumer. Let me put in your business terms. The Mafia is not a produc... ... Radcliff's part in all this?" "That is what you must find out." "I have a theory, if in fact, the General is involved." "I'm listening," Cardon... ...derstand what cannot be explained. Our esteemed Minister of Agriculture has a theory as to why the Mafia has decided to stop our shipments. They hav... ... from going into the U.S. but also, the rest of Europe. Cardona, explain your theory to these fine gentlemen." Gonzales said and ripped a turkey leg... ... said and ripped a turkey leg from a platter in front of him. "It is Brand's theory, not mine. I offer it only as a possibility. There is no proof ... ... other way on some of their enterprises." "Do you give any credence to this theory?" Gonzales asked through a mouthful of turkey. "Frankly, it h... ...orks would be back in place, and the drugs would flow like a river. You are a consumer nation. Your country’s addiction to drugs is too strong. You c...

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Essays on Some Unsettled Questions of Political Economy

By: John Stuart Mill

...ne of the Essay. A prejudice appears to exist in many quarters against the theory in question, on the supposition of its being opposed to one of the m... ... the national capital to replace itself with a profit. The futility of the theory implied in these and similar phrases, was an obvious consequence fro... ...each other will adjust itself to the inclinations and circumstances of the consumers on both sides, in such manner that the quantities required by eac... ...ficient to pay for one an- other. As the inclinations and circumstances of consumers cannot be reduced to any rule, so neither can the propor- tions i... ...n; and still more, any thing which has fallen. They there- fore benefit as consumers of cloth, not merely to the extent to which cloth has fallen, but... ...ceived into our treasury has come indirectly out of the pockets of our own consumers of linen, who pay a higher price for that imported commodity, in ... ...e to pay the increased money value of the imports; and although the German consumers have now not only cloth at the old price, but likewise increased ... ...ces exports, operates upon the prices of imports. According to the ancient theory of the balance of trade, and to the asso- ciations of the generality... ...ary resources employed in their construction would, according to the above theory, be considered pro- ductive, if every occupier of land were compelle...

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The Federalist Papers

By: Alexander Hamilton

...st be paid by the inhab- itants of the two other States in the capacity of consumers of what we import. New York would neither be willing nor able to ... ...n to the general authority of the union, it would still be, in fact and in theory, an association of states, or a confederacy. The proposed Constituti... ...ll be led to conclude, that they are the novel refinements of an erroneous theory. Publius. 41 The Federalist Papers FEDERALIST No. 10 The Same Subje... ...di- vidual citizens of America. The consequence of this is, that though in theory their resolutions concerning those objects are laws, constitutionall... ...ath, and to inflict vengeance on sacrilegious despoilers of the temple. In theory, and upon paper, this apparatus of powers seems amply sufficient for... ... who is often obliged to pay them himself without any retribution from the consumer. When the demand is equal to the quantity of goods at market, the ... ...eeping prices down in order to a more expeditious sale. The maxim that the consumer is the payer, is so much 148 The Federalist Papers oftener true t... ...ing State, whose citizens pay their proportion of them in the character of consumers. In this view they are productive of inequality among the States;... ... sole field of labor, the importation of manufactures must increase as the consumers multiply. As soon as domestic manufac- tures are begun by the han...

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The Golden Bowl

By: Henry James

...teresting and amusing act of re appropriation; shaking off all shackles of theory, unattended, as was speedily to appear, with hu miliating uncertain... ... hair and crimson and gold in her tea gown for the same reason: it was her theory that nature itself had overdressed her and that her only course was ... ...d and in her tone. She knew nothing of the ancestor, but she had taken his theory from him, gracefully enough, as one of the little presents that make... ... had taken no trouble to indicate it to his fellow citizens, purveyors and consumers, in his own and the circumjacent commonwealths, of comic matter i... ...t visibly turned pale. Her extraordinarily fine eyes, as it was his present theory that he had always thought them, shone at him the more darkly out of... ...nd arrangement that made her personal scheme a success, the proved private theory that materials to work with had been all she required and that there...

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The 9/11 Commission Report Final Report of the National Commission on Terrorist Attacks Upon the United States

By: Thomas H. Kean

...m his personal fortune was in fact not true. The officials developed a new theory: al Qaeda was getting its money else- where, and the United States n... ...able to build and conceal sophisticated explosive devices in lug- gage and consumer products. 29 Tenet told us that in his world “the system was blink... ... to the United States to attend civil aviation schools.The agent based his theory on the “inordinate number of individuals of investigative inter- est... ...ssibility of a suicide hijacking would have been just one more speculative theory among many, hard to spot since the volume of warnings of “al Qaeda t... ...earch these identities. It saw itself as an agency to support intelligence consumers, such as CIA.The NSA tried to respond energetically to any reques... ...overseeing the NCTC, the National Intelligence Director should support the consumers of national intelligence—the president and policymak- ing adviser...

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The Country Doctor

By: Honoré de Balzac

...hough he had mastered the art of handling men, the science of tactics, the theory of sabre play, and the mysteries of the farrier’s craft, his learnin... ...a service by re- establishing his health, has never given a thought to the theory, though he has been everywhere over our mountain sides with me, to s... ...he place. The workers in each of these families were at once producers and consumers. They were masons, carpenters, joiners, slaters, blacksmiths, and... ... outlay was more than returned to us by the profits on the sales which the consumers occasioned. I never ceased my efforts to put vigor into this indu... ...right to live without working is in itself a privilege. The unproduc- tive consumer is a robber in their eyes. The only work that they understand has ...

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Autobiography of a Pocket-Handkerchief

By: James Fenimore Cooper

...educed it to two, one of which was despotic in her gov- ernment, so far as theory was concerned at least; possibly, at times, a little so in practice.... ...is the same thing, their luxuries, have two sets of victims to plunder—the consumer, and the real pro- ducer, or the operative. This is true where men...

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The Pickwick Papers

By: Charles Dickens

...ions on the Source of the Hampstead Ponds, with some Observations on the Theory of Tittlebats;” and that this Association does hereby return its war... ... the mighty ponds of Hampstead, and agitated the scientific world with his Theory of Tittlebats, as calm and unmoved as the deep waters of the one on ... ...e the most of it—he had felt some pride when he presented his Tittlebatian Theory to the world; it might be celebrated or it might not. (A cry of “It ... ...Now general benevolence was one of the leading features of the Pickwickian theory, and no one was more remarkable for the zealous manner in which he o... ...nce bore testimony to the excellence of the fare, and the appetites of its consumers. ‘Now, about Manor Farm,’ said Mr. Pickwick. ‘How shall we go?’ ‘... ... of the latter was the strange delusion, founded upon a well known medical theory, strongly contended for by some, and as strongly contested by others...

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North America Volume Two

By: Anthony Trollope

...icut Avenue do the same at what is generally called President’s Square. In theory, or on paper, this seems to be a clear and intelligible arrangement;... ...dly out of the doctor’s hands while I was there, and he did not support my theory as to the goodness of the air. “It is poisoned by the soldiers,” he ... ...th America V ol. 2 created no special hardship on the South. By any such a theory of complaint all sections of all nations have ground of complaint ag... ...ers of beer in En- gland should secede because they pay a tax, whereas the consumers of paper pay none. The navigation laws of the States are no doubt... ...of a people who to be great must be united in fact as well as in name. The theory of the most demo- cratic among the Americans of that day was in favo... ...romise and had not utterly disgraced itself. To many in America the French theory of democracy not unnaturally endeared itself and foremost among thes... ...uch more in reading. As pro- ducers they are more than respectable, but as consumers they are the most conspicuous people on the earth. It is impossib... ...of this advantage the Americans have not been slow to avail themselves. As consumers of literature they are certainly the most conspicuous people on t...

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On Liberty

By: John Stuart Mill

...ing the weight in their practical judgment, which is always allowed to it in theory; for while every one well knows him self to be fallible, few thin... ... intoler ance, sufficiently remarkable not to be passed with out notice. A theory which maintains that truth may justifi ably be persecuted because... ...ard should be to be dealt with as the vilest of criminals, is not, upon this theory, a de plorable error and misfortune, for which humanity should mo... ...dergoing it is the being clearly proved not to deserve it. The rule, and the theory it im plies, are hardly less insulting to believers than to infid... ...is always some other explanation possible of the same facts; some geocentric theory instead of he liocentric, some phlogiston instead of oxygen; and ... ...plained of is not on the liberty of the seller, but on that of the buyer and consumer; since the State might just as well forbid him to drink wine, as... ...y of the State to consider, in the imposition of taxes, what commodities the consumers can best spare; and a fortiori, to select in preference those o...

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