An Inquiry Into the Nature and Causes of the Wealth of Nations, Volume 2J. Maynard, 1811 |
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Page 26
... carried on by a new wheel , which it costs less both to erect and to maintain than the old one . But in what manner this operation is performed , and in what manner it tends to increase either the gross or the neat revenue of the ...
... carried on by a new wheel , which it costs less both to erect and to maintain than the old one . But in what manner this operation is performed , and in what manner it tends to increase either the gross or the neat revenue of the ...
Page 27
... carried on by many different banks and bankers , the whole circulation may thus be conducted with a fifth part only of the gold and silver which would otherwise have been requisite . Let us suppose , for example , that the whole cir ...
... carried on by many different banks and bankers , the whole circulation may thus be conducted with a fifth part only of the gold and silver which would otherwise have been requisite . Let us suppose , for example , that the whole cir ...
Page 29
... carrying trade , what- ever profit they make will be an addition to the neat revenue of their own country . It is like a new fund , created for carrying on a new trade ; domestic busi- ness being now transacted by paper , and the gold ...
... carrying trade , what- ever profit they make will be an addition to the neat revenue of their own country . It is like a new fund , created for carrying on a new trade ; domestic busi- ness being now transacted by paper , and the gold ...
Page 32
... it have been precise- ly those above described . The business of the coun- try is almost entirely carried on by means of the pa- per of those different banking companies with which purchases and 32 B. II . OF MONEY .
... it have been precise- ly those above described . The business of the coun- try is almost entirely carried on by means of the pa- per of those different banking companies with which purchases and 32 B. II . OF MONEY .
Page 36
... carry on a greater trade than he otherwise could do . If there are two mer- chants , one in London , and the other in Edinburgh , who employ equal stocks in the same branch of trade , the Edinburgh merchant can , without imprudence , carry ...
... carry on a greater trade than he otherwise could do . If there are two mer- chants , one in London , and the other in Edinburgh , who employ equal stocks in the same branch of trade , the Edinburgh merchant can , without imprudence , carry ...
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Common terms and phrases
act of navigation advantageous afford altogether America annual produce augmented balance of trade bank money bank of England bills bills of exchange bounty Britain bullion capital employed carrying trade cent circulating capital coin colony trade commerce commodities consequence consumed corn coun cultivation dealers distant duce duties East Indies employment encouragement endeavoured England equal established Europe European exchange expence exportation farmer favour foreign trade France frequently gold and silver greater quantity guilders home market importation improvement increase industry inhabitants interest land and labour less Lisbon maintain manner manufactures Mediterranean sea ment merchant monopoly mother country nations naturally necessarily neral obliged occasion paid paper money particular perhaps Portugal pound weight pounds productive labour profit prohibition proportion proprietor purchase regulations rent revenue Scotland seignorage sell society sometimes sort Spain subsistence supposed surplus produce tion tivation trade of consumption wealth wine
Popular passages
Page 236 - By preferring the support of domestic to that of foreign industry, he intends only his own security; and by directing that industry in such a manner as its produce may be of greatest value, he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention.
Page 465 - To found a great empire for the sole purpose of raising up a people of customers, may at first sight appear a project fit only for a nation of shopkeepers.
Page 198 - Political oeconomy, considered as a branch of the science of a statesman or legislator, proposes two distinct objects: first, to provide a plentiful revenue or subsistence for the people, or more properly to enable them to provide such a revenue or subsistence for themselves; and secondly, to supply the state or commonwealth with a revenue sufficient for the public services. It proposes to enrich both the people and the sovereign.
Page 236 - What is the species of domestic industry which his capital can employ, and of which the produce is likely to be of the greatest value, every individual, it is evident, can, in his local situation, judge much better than any statesman or lawgiver can do for him.
Page 469 - To propose that Great Britain should voluntarily give up all authority over her colonies, and leave them to elect their own magistrates, to enact their own laws, and to make peace and war as they might think proper, would be to propose such a measure as never was, and never will be adopted by any nation in the world.
Page 226 - The discovery of America, and that of a passage to the East Indies by the Cape of Good Hope, are the two greatest and most important events recorded in the history of mankind.
Page 10 - ... into three parts; the rent of land, the wages of labour, and the profits of stock: and constitutes a revenue to three different orders of people; to those who live by rent...
Page 246 - There seem, however, to be two cases in which it will generally be advantageous to lay some burden upon foreign, for the encouragement of domestic industry. The first is, when some particular sort of industry is necessary for the defence of the country.
Page 233 - Every individual is continually exerting himself to find out the most advantageous employment for whatever capital he can command. It is his own advantage, indeed, and not that of society, which he has in view. But the study of his own advantage naturally or, rather, necessarily leads him to prefer that employment which is most advantageous to the society.
Page 481 - Italy, there is not the least probability that the British constitution would be hurt by the union of Great Britain with her colonies. That constitution, on the contrary, would be completed by it, and seems to be imperfect without it.