An Inquiry Into the Nature and Causes of the Wealth of Nations, Volume 2J. Maynard, 1811 |
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... tion of Goods of almost all Kinds , from those Countries with which the Balance is supposed to be disadvantageous PART . I. Of the unreasonableness of those Restraints , even upon the Principles of the Commercial System Digression ...
... tion of Goods of almost all Kinds , from those Countries with which the Balance is supposed to be disadvantageous PART . I. Of the unreasonableness of those Restraints , even upon the Principles of the Commercial System Digression ...
Page 2
... 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 comes to be more and more subdivided ; and as the ...
... 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 comes to be more and more subdivided ; and as the ...
Page 9
... tion as either clothes or household furniture . The second of the three portions into which the general stock of the society divides itself , is the fixed capital , of which the characteristic is , that it affords a revenue or profit ...
... tion as either clothes or household furniture . The second of the three portions into which the general stock of the society divides itself , is the fixed capital , of which the characteristic is , that it affords a revenue or profit ...
Page 17
... tion , not to their gross , but to their neat revenue . The whole expence of maintaining the fixed capital must evidently be excluded from the neat revenue of the society . Neither the materials ne- cessary for supporting their useful ...
... tion , not to their gross , but to their neat revenue . The whole expence of maintaining the fixed capital must evidently be excluded from the neat revenue of the society . Neither the materials ne- cessary for supporting their useful ...
Page 19
... tion of the annual produce from the neat revenue of the society , besides what is necessary for main- taining the fixed capital . The circulating capital of a society is in this re- That of spect different from that of an individual . B ...
... tion of the annual produce from the neat revenue of the society , besides what is necessary for main- taining the fixed capital . The circulating capital of a society is in this re- That of spect different from that of an individual . B ...
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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.