An Inquiry Into the Nature and Causes of the Wealth of Nations, Volume 2J. Maynard, 1811 |
From inside the book
Results 1-5 of 62
Page 37
... obliged to keep such a sum unemployed . Let us suppose that he generally disposes of his whole stock upon hand , or of goods to the value of his whole stock upon hand , once in the year . By being obliged to keep so great a sum ...
... obliged to keep such a sum unemployed . Let us suppose that he generally disposes of his whole stock upon hand , or of goods to the value of his whole stock upon hand , once in the year . By being obliged to keep so great a sum ...
Page 40
... obliged to keep at all times in its coffers ten thousand pounds in gold and silver . Should this bank attempt to circulate forty - four thousand pounds , the four thousand pounds which are overandabove what the circulation can easily ab ...
... obliged to keep at all times in its coffers ten thousand pounds in gold and silver . Should this bank attempt to circulate forty - four thousand pounds , the four thousand pounds which are overandabove what the circulation can easily ab ...
Page 41
... obliged to coin gold to the extent of between eight hundred thou- sand pounds and a million a year ; or , at an ave- rage , about eight hundred and fifty thousand pounds . For this great coinage , the bank ( in consequence of the worn ...
... obliged to coin gold to the extent of between eight hundred thou- sand pounds and a million a year ; or , at an ave- rage , about eight hundred and fifty thousand pounds . For this great coinage , the bank ( in consequence of the worn ...
Page 42
... obliged to employ con- stantly agents at London , to collect money for them , at an expence which was seldom below one and a half or two per cent . This money was sent down by the waggon , and insured by the carriers at an additional ...
... obliged to employ con- stantly agents at London , to collect money for them , at an expence which was seldom below one and a half or two per cent . This money was sent down by the waggon , and insured by the carriers at an additional ...
Page 43
... obliged to supply the whole kingdom , into which coin is continual- ly flowing from those coffers in a great variety of ways . Whatever coin , therefore , was wanted to support this excessive circulation both ofScotch and English paper ...
... obliged to supply the whole kingdom , into which coin is continual- ly flowing from those coffers in a great variety of ways . Whatever coin , therefore , was wanted to support this excessive circulation both ofScotch and English paper ...
Other editions - View all
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.