Life of Adam SmithW. Scott, 1887 - 161 páginas |
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Página 81
... exchange was merely turned more against the country which owed the balance than it otherwise might have been ; the merchant who pur- chased a bill upon the foreign country being obliged to pay the banker who sold it , not only for 6 ...
... exchange was merely turned more against the country which owed the balance than it otherwise might have been ; the merchant who pur- chased a bill upon the foreign country being obliged to pay the banker who sold it , not only for 6 ...
Página 82
... exchange was against any country , the more the balance of trade became necessarily against it , the money of that country becoming necessarily of so much less value in comparison with that of the country to which the balance was due ...
... exchange was against any country , the more the balance of trade became necessarily against it , the money of that country becoming necessarily of so much less value in comparison with that of the country to which the balance was due ...
Página 83
... exchange , too , would naturally dispose the merchants to endeavour to make their exports balance their imports , in order that they might have this high exchange to pay upon as small a sum as possible . The high price of exchange ...
... exchange , too , would naturally dispose the merchants to endeavour to make their exports balance their imports , in order that they might have this high exchange to pay upon as small a sum as possible . The high price of exchange ...
Página 92
... exchange which the Author of the world has intended , by giving them soils , climates , and geniuses , so different from each other . Our modern politics embrace the only method of banishing money , the using of paper credit ; they ...
... exchange which the Author of the world has intended , by giving them soils , climates , and geniuses , so different from each other . Our modern politics embrace the only method of banishing money , the using of paper credit ; they ...
Página 99
... Not in prudent calculation , but in an instinct , the development of which is probably in its turn the result of reason and speech , the propensity to truck , barter , and exchange one thing for another ADAM SMITH . 99.
... Not in prudent calculation , but in an instinct , the development of which is probably in its turn the result of reason and speech , the propensity to truck , barter , and exchange one thing for another ADAM SMITH . 99.
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Términos y frases comunes
Abbé Morellet abstract Adam Smith agreeable agriculture appears balance of trade became become Bishop of Norwich Britain capital cause character Charon colonies commerce commodity David Hume death division of labour doctrine Dugald Stewart Duke of Buccleuch duty Edinburgh edition effect empire employed employment England essay exchange expense exportation facts foreign free-trade Glasgow gold and silver Government greater Hume's imagination increase individual industry interest kind Kirkcaldy land less letter London manufactures ment mercantile system method mind Moral Sentiments nation of shopkeepers natural price nature never occasion opinion origin particular person philosopher political economy principles produce profit proportion proposition purchase quantity Quesnay regulated rent revenue Scotland society sympathy talents tendencies Theory of Moral things tion trade treatise wages of labour Wealth of Nations writing
Pasajes populares
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 65 - How selfish soever man may be supposed, there are evidently some principles in his nature, which interest him in the fortune of others, and render their happiness necessary to him, though he derives nothing from it, except the pleasure of seeing it.
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...