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according actual advantage appears attention authority Book borrower branch called carried causes chap circumstances commerce common concerning consequence consideration considered constitution continued corn course Economy edition effect employed England English equal established Europe evil executive existing expedient exportation fact fall favour foreign former France give given grain greater hand House human idea illustration important improvement increase individuals industry influence instance interest kingdom labour land legislative less manner means measure ment mentioned nature necessary never object observations occasion opinion particular period persons Political poor possess possible present principles produce profit proportion provisions quantity question raise reason regard regulations remarks respect says scarcity seems shillings Smith society speculations spirit sufficient supply supposed tion trade truth various Wealth whole writers
Page 25 - 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 26 - 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 fit to exercise it.
Page 27 - By means of glasses, hotbeds, and hot-walls, very good grapes can be raised- in Scotland, and very good wine too can be made of them at about thirty times the expense for which at least equally good can be brought from foreign countries. Would it be a reasonable law to prohibit the importation of all foreign wines merely to encourage the making of claret and burgundy in Scotland...
Page 26 - It is the maxim of every prudent master of a family, never to attempt to make at home what it will cost him more to make than to buy.
Page 223 - The subjects of every state ought to contribute towards the support of the government, as nearly as possible, in proportion to their respective abilities; that is, in proportion to the revenue which they respectively enjoy under the protection of the state.
Page 222 - In the observation or neglect of this maxim consists what is called the equality or inequality of taxation.
Page 25 - No regulation of commerce can increase the quantity of industry in any society beyond what its capital can maintain. It can only divert a part of it into a direction into which it might not otherwise have gone...
Page 86 - ... seems to imagine that he can arrange the different members of a great society with as much ease as the hand arranges the different pieces upon a chess-board...