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 2
... particular articles or products have of satisfying one or more of the various wants and desires of which man is suscep- tible , constitutes their utility , and renders them objects of demand . An article may be possessed of the highest ...
... particular articles or products have of satisfying one or more of the various wants and desires of which man is suscep- tible , constitutes their utility , and renders them objects of demand . An article may be possessed of the highest ...
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... particular persons . His conclusions are drawn from observing the principles which are found to determine the conduct of mankind , as pre- sented on the large scale of nations and empires . He has to deal with man in the aggregate ...
... particular persons . His conclusions are drawn from observing the principles which are found to determine the conduct of mankind , as pre- sented on the large scale of nations and empires . He has to deal with man in the aggregate ...
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... particular classes ; but to apply himself to discover the sources of national wealth and universal prosperity , and the means by which they may be ren- dered most productive . Nothing , indeed , is more common than to hear it objected ...
... particular classes ; but to apply himself to discover the sources of national wealth and universal prosperity , and the means by which they may be ren- dered most productive . Nothing , indeed , is more common than to hear it objected ...
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... particular measure , or by a particular institution , but whether its ten- dency be to enrich the public . Admitting that monopolies and restrictive regulations frequently enable individuals to accumulate ample fortunes , in- stead of ...
... particular measure , or by a particular institution , but whether its ten- dency be to enrich the public . Admitting that monopolies and restrictive regulations frequently enable individuals to accumulate ample fortunes , in- stead of ...
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... particular circumstances of which we are unacquainted , we should place no confidence in its solidity unless it have been deduced from a very comprehensive and careful induction . The economist will not arrive at any thing like a true ...
... particular circumstances of which we are unacquainted , we should place no confidence in its solidity unless it have been deduced from a very comprehensive and careful induction . The economist will not arrive at any thing like a true ...
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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.
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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.