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abstract according Adam Smith agriculture already appears become Britain called capital cause character colonies commerce commodity complete concerned consequence considerable cost deal doctrine duty Edinburgh edition effect empire employed England equal essay exchange existence expense experience facts feel foreign give greater hands Hume illustrated imagination important increase individual industry influence interest kind labour land least less letter lived London manufactures means mercantile method mind Moral nature necessary never objects observer occasion opinion origin particular person philosopher political economy position practical principles probably produce profit proportion purchase quantity raise reason reference regard remarks rent Sentiments shillings society theory things tion trade wages Wealth of Nations whole writings
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 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 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 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 149 - If any of the provinces of the British empire cannot be made to contribute towards the support of the whole empire, it is surely time that Great Britain should free herself from the expence of defending those provinces in time of war.
Página 111 - England is certainly, in the present times, a much richer country than any part of North America. The wages of labour, however, are much higher in North America than in any part of England.
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...
Página 100 - The difference of natural talents in different men is in reality much less than we are aware of, and the very different genius which appears to distinguish men of different professions when grown up to maturity, is not, upon many occasions, so much the cause as the effect of the division of labour.