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Adam Smith advantage agricultural amount assignats bank notes Bank of England bankers benefit bills bullion capitalists cause cheaper cheapness circulation circumstances coin commercial commodities consequence consumers corn corn laws cost of labor cost of production cultivation currency dealers debt depend depreciation diminished duction economical effect employed employment enable equal equivalent exchange exchange value exist expense exports fall France Germany imports improvement income increase industry issue labor and capital land law of value less loans lower means ment million mode modities necessary obtain paid payment permanent persons population portion pounds sterling precious metals principle produce proportion purchase quantity raise rate of interest rate of profit rent rise of prices savings seigniorage sell speculation sufficient sumers supply supposed supposition taxation things tion trade transactions value of money wages whole yards of cloth yards of linen
Сторінка 260 - Hitherto it is questionable if all the mechanical inventions yet made have lightened the day's toil of any human being. They have enabled a greater population to live the same life of drudgery and imprisonment, and an increased number of manufacturers and others to make large fortunes.
Сторінка 277 - 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 443 - Laisser-faire, in short, should be the general practice: every departure from it, unless required by some great good, is a certain evil.
Сторінка 269 - In the present stage of human progress, when ideas of equality are daily spreading more widely among the poorer classes, and can no longer be checked by anything short of the entire suppression of printed discussion and even of freedom of speech, it is not to be expected that the division of the human race into two hereditary classes, employers and employed, can be permanently maintained.
Сторінка 303 - 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 260 - A population may be too crowded, though * Book ii. chap. ii. % 4. all be amply supplied with food and raiment. It is not good for man to be kept perforce at all times in the presence of his species. A world from which solitude is extirpated, is a very poor ideal.
Сторінка 258 - 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 303 - 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 201 - Indies, in like manner, are the place* where England finds it convenient to carry on the production of sugar, coffee, and a few other tropical commodities. All the capital employed is English capital ; almost all the industry is carried on for English uses ; there is little production of anything except the staple commodities, and these are sent to England, not to be exchanged for things exported to the colony and consumed by its inhabitants, but to be sold in England for the benefit of the proprietors...
Сторінка 11 - There cannot, in short, be intrinsically a more insignificant thing, in the economy of society, than money; except in the character of a contrivance for sparing time and labour. It is a machine for doing quickly and commodiously, what would be done, though less quickly and commodiously, without it : and like many other kinds of machinery, it only exerts a distinct and independent influence of its own when it gets out of order.