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abstract Adam Smith agriculture balance of trade become Britain British capital cause character colonies commerce commodity consequence corn David Hume deal division of labour doctrine Dugald Stewart duty Edinburgh edition effect empire employed employment England equal essay exchange expense experience exportation fact fallacy foreign free-trade fund Glasgow gold and silver greater Hume Hume's increase individual industry interest kind Kirkcaldy land less letter London manufactures mercantile system metals method modities Moral Sentiments nation of shopkeepers natural price necessaries and conveniences necessarily never occasion origin paid particular philosopher physiocrat political economy principles produce profession profit proportion proposition purchase Quesnay raise reason regard regulated rent revenue Ricardo Scotland society subsistence sympathy talents tendencies Theory of Moral things tion Turgot vols wages of labour Wealth of Nations writings
Сторінка 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...
Сторінка 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.
Сторінка 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.
Сторінка 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.
Сторінка 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.
Сторінка 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.
Сторінка 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.
Сторінка 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...
Сторінка 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.
Сторінка 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...