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actual Adam Smith agricultural amount ancient appears army authority become British called capital causes century chief civilization classes common comparative condition consequence considerable cost demand desire distribution doctrine early economic economists effect England English equality Europe example existence fact fall force France French Germany gold greater hand human ideas important improvement increase India individual industrial institutions interest Italy labour land less living Maine means method military mind mines moral movement natural observation occupations original peace period philosophy political economy population present principle produce profits progress question raised rates reason referred relations respect result rise seems social society supply theory things towns trade true wages wealth whole
Page 154 - ... 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 154 - 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 the 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 53 - All systems, either of preference or of restraint, therefore, being thus completely taken away, the obvious and simple system of natural liberty establishes itself of its own accord. Every man, as long as he does not violate the laws of justice, is left perfectly free to -pursue his own interest his own way, and to bring both his industry and capital into competition with those of any other man, or order of men.
Page 44 - Of two pleasures, if there be one to which all or almost all who have experience of both give a decided preference irrespective of any feeling of moral obligation to prefer it, that is the more desirable pleasure.
Page 45 - The heart knoweth its own bitterness ; and a stranger intermeddleth not with its joy.
Page 166 - The natural effort of every individual to better his own condition, when suffered to exert itself with freedom and security, is so powerful a principle that it is alone, and without any assistance, not only capable of carrying on the society to wealth and prosperity, but of surmounting a hundred impertinent obstructions with which the folly of human laws too often incumbers its operations...
Page 36 - And after more than two thousand years the same discussions continue, philosophers are still ranged under the same contending banners, and neither thinkers nor mankind at large seem nearer to being unanimous on the subject...
Page 32 - I have been told by an eminent bookseller, that in no branch of his business, after tracts of popular devotion, were so many books as those on the law exported to the plantations. The colonists have now fallen into the way of printing them for their own use. I hear that they have sold nearly as many of Blackstone's Commentaries in America as in England.
Page 44 - It is better to be a human being dissatisfied than a pig satisfied ; better to be Socrates dissatisfied than a fool satisfied. And if the fool, or the pig, are of a different opinion, it is because they only know their own side of the question. The other party to the comparison knows both sides.