An inquiry into the nature and causes of the wealth of nations. With a comm. by the author of 'England and America' (E.G. Wakefield).1836 |
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Page 70
... gold and silver , is a popular notion which naturally arises from the double function of money , as the instru- ment of commerce , and as the measure of value . In consequence of its being the instrument of com- merce , when we have ...
... gold and silver , is a popular notion which naturally arises from the double function of money , as the instru- ment of commerce , and as the measure of value . In consequence of its being the instrument of com- merce , when we have ...
Page 71
... gold and silver in any country is supposed to be the readiest way to en- rich it . For some time after the discovery of America , the first inquiry of the Spaniards , when they arrived upon any unknown coast , used to be , if there was any ...
... gold and silver in any country is supposed to be the readiest way to en- rich it . For some time after the discovery of America , the first inquiry of the Spaniards , when they arrived upon any unknown coast , used to be , if there was any ...
Page 72
... Gold and silver , therefore , are , according to him , the most solid and substan- tial part of the moveable wealth of a nation , and to multiply those metals ought , he thinks , upon that account , to be the great object of its ...
... Gold and silver , therefore , are , according to him , the most solid and substan- tial part of the moveable wealth of a nation , and to multiply those metals ought , he thinks , upon that account , to be the great object of its ...
Page 73
... gold and silver in their respective countries . Spain and Portugal , the proprietors of the principal mines which supply Europe with those metals , have either prohibited their exportation under the severest pe- nalties , or subjected ...
... gold and silver in their respective countries . Spain and Portugal , the proprietors of the principal mines which supply Europe with those metals , have either prohibited their exportation under the severest pe- nalties , or subjected ...
Page 74
... gold and silver , which , on account of the smallness of their bulk in proportion to their value , could easily be smuggled abroad . That this exportation could only be pre- vented by a proper attention to what they called the balance ...
... gold and silver , which , on account of the smallness of their bulk in proportion to their value , could easily be smuggled abroad . That this exportation could only be pre- vented by a proper attention to what they called the balance ...
Other editions - View all
An Inquiry Into the Nature and Causes of the Wealth of Nations. with a Comm ... Adam Smith No preview available - 2018 |
An Inquiry Into the Nature and Causes of the Wealth of Nations. With a Comm ... Adam Smith No preview available - 2022 |
An Inquiry Into the Nature and Causes of the Wealth of Nations. with a Comm ... Adam Smith No preview available - 2020 |
Common terms and phrases
act of navigation advantageous afford altogether America ancient ancient Greece annual produce artificers balance of trade bank money bounty branches of trade Britain British bullion capital carried cheaper coin colony trade commerce commodities consequence corn dearer distant duties East Indies empire employed employment encourage endeavour England English equal established Europe European exclusive company expense exportation factures farmer favour foreign trade France frequently gold and silver greater guilders home market importation improvement and cultivation increase industry inhabitants interest labour less Lisbon manner manu manufactures Mediterranean Sea ment mercantile merchants monopoly mother country nation of shopkeepers nations naturally necessarily occasion ordinary otherwise particular perhaps pound weight pounds profit prohibition proportion proprietors provinces purchase quantity regulations rendered revenue round-about rude produce seignorage sell shillings slaves sort Spain subsistence sugar supposed surplus produce thereby tion tobacco trade of consumption wealth whole wool
Popular passages
Page 422 - Consumption is the sole end and purpose of all production ; and the interest of the producer ought to be attended to, only so far as it may be necessary for promoting that of the consumer.
Page 104 - ... would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it.
Page 348 - 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 90 - By means of it, the narrowness of the home market does not hinder the division of labour in any particular branch of art or manufacture from being carried to the highest perfection. By opening a more extensive market for whatever part of the produce of their labour may exceed the home consumption, it encourages them to improve its productive powers, and to augment its annual produce to the utmost, and thereby to increase the real revenue and wealth of society
Page 104 - The statesman, who should attempt to direct private people in what manner they ought to employ their capitals, would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself...
Page 100 - 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 92 - 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 114 - The first is, when some particular sort of industry is necessary for the defence of the country.
Page 125 - Were those high duties and prohibitions taken away all at once, cheaper foreign goods of the same kind might be poured so fast into the home market, as to deprive all at once many thousands of our people of their ordinary employment and means of subsistence.
Page 117 - As defence, however, is of much more importance than opulence, the act of Navigation is, perhaps, the wisest of all the commercial regulations of England.