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abstract according activities Adam Smith analysis annual produce approbation argument attempt Bagehot capi capital capitalist century Chap Chapter claim classical economics classical economists conception discussion division of labour doctrines Dugald Stewart economic process economic technique economic technology economic theory economists effect elements employed essay exchange exchangeable value expence fact factors fundamental human increase individuals industry inquiry interest J. S. Mill John Stuart Mill judgment justice labor landlord later laws logical Marx means ments merely modern moral philosophy moral relations Moral Sentiments natural necessary nomic Oncken paragraph particular persons phenomena political economy practical present principles problem production profits proposition purely economic quantity question reasons rent revenue sense Smith's economic Smith's system Smith's theory social philosophy society sociologists sociology sovereign Theory of Moral things tion trade types wages Wealth of Nations whole words
Сторінка 154 - It comes from an order of men, whose interest is never exactly the same with that of the public, who have generally an interest to deceive and even to oppress the public, and who accordingly have, upon many occasions, both deceived and oppressed it.
Сторінка 6 - THE annual labour of every nation is the fund which originally supplies it with all the necessaries and conveniences of life which it annually consumes, and which consist always either in the immediate produce of that labour, or in what is purchased with that produce from other nations.
Сторінка 230 - 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.
Сторінка 93 - 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.
Сторінка 89 - ... if we examine, I say, all these things, and consider what a variety of labour is employed about each of them, we shall be sensible that, without the assistance and co-operation of many thousands, the very meanest person in a civilized country could not be provided, even according to what we very falsely imagine the easy and simple manner in which he is commonly accommodated.
Сторінка 230 - 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.
Сторінка 90 - THIS division of labour, from which so many advantages are derived, is not originally the effect of any human wisdom, which foresees and intends that general opulence to which it gives occasion. It is the necessary, though very slow and gradual consequence, of a certain propensity in human nature which has in view no such extensive utility ; the propensity to truck, barter, and 1 exchange one thing for another.
Сторінка 193 - It would be too ridiculous to go about seriously to prove, that wealth does not consist in money, or in gold and silver ; but in what money purchases, and is valuable only for purchasing. Money, no doubt, makes always a part of the national capital ; but it has already been shown, that it generally makes but a small part, and always the most unprofitable part of it.
Сторінка 205 - It is thus that every system which endeavours, either, by extraordinary encouragements, to draw towards a particular species of industry a greater share of the capital of the society than what would naturally go to it ; or, by extraordinary restraints, to force from a particular species of industry some share of the capital which would otherwise be employed in it; is in reality subversive of the great purpose which it means to promote.