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abstract Adam Smith advantage agriculture appears attention balance become bring Britain called capital causes character circumstances colonies commerce commodity complete concerned consequence considerable cost deal doctrine duty edition effect empire employed employment England equal exchange existence expense exportation fact foreign give gold greater hands Hume important increase individual industry influence interest kind labour land least less letter lived London manufactures materials means mercantile method mind Moral nature necessarily necessary never occasion opinion origin paid particular person philosopher political economy practical present principles produce profit proportion purchase quantity raise reason regard regulated remarkable rent shillings society sufficient talents theory things thinks tion trade vols wages Wealth of Nations whole writings
Página 109 - The market price of every particular commodity is regulated by the proportion between the quantity which is actually brought to market, and the demand of those who are willing to pay the natural price of the commodity...
Página 108 - As soon as the land of any country has all become private property, the landlords, like all other men, love to reap where they never sowed, and demand a rent even for its natural produce.
Página 47 - Upon the whole, I have always considered him, both in his lifetime and since his death, as approaching as nearly to the idea of a perfectly wise and virtuous man as perhaps the nature of human frailty will permit.
Página 143 - Every tax ought to be so contrived as both to take out and to keep out of the pockets of the people as Little as possible, over and above what it brings into the public treasury of the state.
Página 111 - It is not the actual greatness of national wealth, but its continual increase, which occasions a rise in the wages of labour. It is not, accordingly, in the richest countries, but in the most thriving, or in those which are growing rich the fastest, that the wages of labour are highest.
Página 103 - The word VALUE, it is to be observed, has two different meanings, and sometimes expresses the utility of some particular object, and sometimes the power of purchasing other goods which the possession of that object conveys. The one may be called "value in use;" the other "value in exchange.
Página 117 - The probability that any particular person shall ever be qualified for the employment to which he is educated, is very different in different occupations. In the greater part of mechanic trades success is almost certain, but very uncertain in the liberal professions. Put your son apprentice to a shoemaker, there is little doubt of his learning to make a pair of shoes : but send him to study the law, it is at least twenty to one if ever he makes such a proficiency as will enable him to live by the...
Página 106 - As soon as stock has accumulated in the hands of particular persons, some of them will naturally employ it in setting to work industrious people, whom they will supply with materials and subsistence, in order to make a profit by the sale of their work, or by what their labour adds to the value of the materials.
Página 120 - By the 5th of Elizabeth, commonly called the Statute of Apprenticeship, it was enacted, that no person should for the future exercise any trade, craft, or mystery at that time exercised in England, unless he had previously served to it an apprenticeship of seven years at least...