The Principles of Political Economy: With Some Inquiries Respecting Their Application and a Sketch of the Rise and Progress of the Science |
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Page xi
... ment may countervail , for any given period , the decreasing fertility of the soils to which recourse is necessarily had in the progress of civilisation . It would , indeed , be easy to show , that the worst lands now under tillage in ...
... ment may countervail , for any given period , the decreasing fertility of the soils to which recourse is necessarily had in the progress of civilisation . It would , indeed , be easy to show , that the worst lands now under tillage in ...
Page xiii
... ment in the condition of society , and to condemn the great majority of the human race to a state approach- ing to destitution . But farther inquiries have shown that the inferences drawn by these and other autho- rities from the ...
... ment in the condition of society , and to condemn the great majority of the human race to a state approach- ing to destitution . But farther inquiries have shown that the inferences drawn by these and other autho- rities from the ...
Page 24
... ment of a wise system of public economy compen- sates for almost every other deficiency ; and has rendered regions naturally inhospitable and unpro- ductive , the comfortable abodes of a refined , a crowd- ed , and a wealthy population ...
... ment of a wise system of public economy compen- sates for almost every other deficiency ; and has rendered regions naturally inhospitable and unpro- ductive , the comfortable abodes of a refined , a crowd- ed , and a wealthy population ...
Page 33
... ment that were , in consequence , established in cities and towns , and the security enjoyed by their inhabi- tants , while the rest of the country was a prey to rapine and disorder , stimulated their industry , and gave them a decided ...
... ment that were , in consequence , established in cities and towns , and the security enjoyed by their inhabi- tants , while the rest of the country was a prey to rapine and disorder , stimulated their industry , and gave them a decided ...
Page 48
... ment qui devient une tendance perpetuelle vers son meilleur état possible . " As other opportunities will be afforded of examin- ing the principles of this very ingenious theory , it is sufficient at present to remark , that , in ...
... ment qui devient une tendance perpetuelle vers son meilleur état possible . " As other opportunities will be afforded of examin- ing the principles of this very ingenious theory , it is sufficient at present to remark , that , in ...
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Common terms and phrases
accumulation advantage agriculture amount capital capitalists carried cause cent circulating capital circumstances classes commerce commodities compared consequence considerable corn Corn Laws cost cottons cultivation degree demand for labour depend diminished dities doubt duction durable effect employed employment endeavour engaged England equal established exchangeable value exertion expense exportation extent fall farm foreign former foundling hospitals greater Hence important improvement increase individuals industry influence injurious interest Ireland labour required land landlords latter less machinery manufactures means ment nature necessary notwithstanding obtain obvious occasion parties perhaps period Political Economy poor laws population portion principle proportion quantity of labour raised rate of profit rate of wages raw produce reduced regulations render rent respect rise society soil sort species subsistence supply supposed tenants thing tillage tion trade value of money vidual wealth Wealth of Nations wholly workmen
Popular passages
Page 151 - ... be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it.
Page xviii - A General Dictionary of Geography, Descriptive, Physical, Statistical, and Historical ; forming a complete Gazetteer of the World. By A. KEITH JOHNSTON, FRSE 8vo. 31s. 6d. M'Culloch's Dictionary, Geographical, Statistical, and Historical, of the various Countries, Places, and principal Natural Objects in the World.
Page xviii - M'Culloch. — A Dictionary, Practical, Theoretical, and Historical, of Commerce and Commercial Navigation. Illustrated with Maps and Plans.
Page ix - M'CULLOCH. -A TREATISE ON THE PRINCIPLES AND PRACTICAL INFLUENCE of TAXATION and the FUNDING SYSTEM.
Page 411 - By necessaries I understand not only the commodities which are indispensably necessary for the support of life, but whatever the custom of the country renders it indecent for creditable people, even of the lowest order, to be without.
Page 229 - It is in this manner that the demand for men, like that for any other commodity, necessarily regulates the production of men, quickens it when it goes on too slowly, and stops it when it advances too fast.
Page 583 - There is one sort of labour," says he, " which adds to the value of the subject upon which it is bestowed ; there is another which has no such effect. The former, as it produces a value, may be called productive ; the latter, unproductive labour.
Page 231 - The germs of existence contained in this earth, if they could freely develop themselves, would fill millions of worlds in the course of a few thousand years. Necessity, that imperious, all-pervading law of nature, restrains them within the prescribed bounds.
Page 198 - Every workman has a great quantity of his own work to dispose of beyond what he himself has occasion for ; and every other workman being exactly in the same situation, he is enabled to exchange a great quantity of his own goods for a great quantity, or, what 'comes to the same thing, for the price of a great quantity of theirs. He supplies them abundantly with what they have occasion for, and they accommodate him as amply with what he has occasion for, and a general plenty diffuses itself through...
Page 431 - The liberal reward of labour," says Dr Smith, " as it encourages the propagation, so it increases the industry of the common people. The wages of labour are the encouragement of industry, which, like every other human quality, improves in proportion to the encouragement it receives.