An Inquiry Into the Nature and Causes of the Wealth of Nations, Volume 2J. Maynard, 1811 |
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... the Accumulation of Capital , or of productive and unproductive Labour CHAP . IV . Of Stock lent at Interest . 1 15 83 110 CHAP . V. Of the different Employment of Capitais 123 BOOK III . OF THE DIFFERENT PROGRESS OF OPULENCE IN.
... the Accumulation of Capital , or of productive and unproductive Labour CHAP . IV . Of Stock lent at Interest . 1 15 83 110 CHAP . V. Of the different Employment of Capitais 123 BOOK III . OF THE DIFFERENT PROGRESS OF OPULENCE IN.
Page 1
... labour has once been thoroughly introduced , the produce of a man's own labour can supply but a very small part of his occa- sional wants . The far greater part of them are sup- VOL . II . A plied by the produce of other men's labour ...
... labour has once been thoroughly introduced , the produce of a man's own labour can supply but a very small part of his occa- sional wants . The far greater part of them are sup- VOL . II . A plied by the produce of other men's labour ...
Page 2
... labour , so labour can be more and more subdivided in propor- tion only as stock is previously more and more ac- cumulated . The quantity of materials which the same number of people can work up , increases in a great proportion as labour ...
... labour , so labour can be more and more subdivided in propor- tion only as stock is previously more and more ac- cumulated . The quantity of materials which the same number of people can work up , increases in a great proportion as labour ...
Page 3
... labour , so that accumulation naturally leads to this improvement . The person who employs his stock in maintaining labour , necessarily wishes to employ it in such a manner as to produce as great a quantity of work as possible . He ...
... labour , so that accumulation naturally leads to this improvement . The person who employs his stock in maintaining labour , necessarily wishes to employ it in such a manner as to produce as great a quantity of work as possible . He ...
Page 4
... labour to acquire something which may supply its place before it be consumed altogether . His revenue is , in this case , derived from his labour only . This is the state of the greater part of the labouring poor in all countries . But ...
... labour to acquire something which may supply its place before it be consumed altogether . His revenue is , in this case , derived from his labour only . This is the state of the greater part of the labouring poor in all countries . But ...
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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.