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Adam Smith advantage agricultural amount bank notes Bank of England bankers benefit bills bullion capitalists cause cheaper cheapness circulation coin commerce commodities consequence consumers corn corn laws cost of labour cost of production currency dealers debt degree demand diminished duction economical effect employed employment England equal equivalent exchange exist expense exports fall favour foreign France Germany gold greater imports improvement income increase industry labour and capital land landlords law of value les associés less loans lower means ment millions mode modities necessary obtain paid payment persons political economy population portion pounds sterling precious metals present principle produce proportion purchase quantity raise rate of interest rate of profit rent rise of price savings speculation sumer supply suppose taxation things tion trade value of money wages whole yards of cloth yards of linen
Сторінка 336 - I confess I am not charmed with the ideal of life held out by those who think that the normal state of human beings is that of struggling to get on; that the trampling, crushing, elbowing, and treading on each other's heels, which form the existing type of social life, are the most desirable lot of human kind, or anything but the disagreeable symptoms of one of the phases of industrial progress...
Сторінка 358 - The form of association, however, which if mankind continue to improve, must be expected in the end to predominate, is not that which can exist between a capitalist as chief, and workpeople without a voice in the management, but the association of the labourers themselves on terms of equality, collectively owning the capital with which they carry on their operations, and working under managers elected and removable by themselves.
Сторінка 538 - The superiority of one country over another in a branch of production often arises only from having begun it sooner. There may be no inherent advantage on one part or disadvantage on the other, but only a present superiority of acquired skill and experience.
Сторінка 189 - Gold and silver having been chosen for the general medium of circulation, they are, by the competition of commerce, distributed in such proportions amongst the different countries of the world, as to accommodate themselves to the natural traffic which would take place if no such metals existed, and the trade between countries were purely a trade of barter.
Сторінка 395 - Every tax ought to be levied at the time, or in the manner in which it is most likely to be convenient for the contributor to pay it.
Сторінка 395 - Fourthly, by subjecting the people to the frequent visits and the odious examination of the tax-gatherers, it may expose them to much unnecessary trouble, vexation, and oppression...
Сторінка 569 - Laisser-faire, in short, should be the general practice: every departure from it, unless required by some great good, is a certain evil.
Сторінка 412 - The ordinary progress of a society which increases in wealth, is at all times tending to augment the incomes of landlords; to give them both a greater amount and a greater proportion of the wealth of the community, independently of any trouble or outlay incurred by themselves. They grow richer, as it were in their sleep, without working, risking, or economizing.
Сторінка 341 - I use those phrases in compliance with custom, and as descriptive of an existing, but by no means a necessary or permanent state of social relations. I do not recognise as either just or salutary, a state of society in which there is any 'class...