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acre Adam Smith advantage aggregate agricultural American amount annual average Bank of England banks bills bills of exchange Britain bullion bushels capital cause cent Circulating Capital circulation circumstances civilized coin commercial commodities consequence consumed consumption cost cultivation currency debt demand depreciation diminished distribution dollars effect employment England English equal evil exchange expense exports extent fact flour foreign former grain greater hand increase individual industry inhabitants Ireland issue J. S. Mill labor land less loans Malthusians manufactures Massachusetts means ment merchant millions natural nearly necessary obtain operations paper money payment persons Political Economy population portion pound sterling precious metals produce proportion purchase quantity raise rate of interest rate of profit rent rise savings says seigniorage sell society soil specie speculation supply theory tion trade value of money wages wealth whole
Сторінка 480 - The statesman, who should attempt to direct private people in what manner they ought to employ their capitals, would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself...
Сторінка 479 - That the maxim of buying in the cheapest market, and selling in the dearest, which regulates every merchant in his individual dealings, is strictly applicable as the best rule for the trade of the whole nation.
Сторінка 126 - The laws and conditions of the production of wealth, partake of the character of physical truths. There is nothing optional, or arbitrary in them. Whatever mankind produce, must be produced in the modes, and under the conditions, imposed by the constitution of external things, and by the inherent properties of their own bodily and mental structure.
Сторінка 60 - One of those boys, who loved to play with his companions, observed that, by tying a string from the handle of the valve which opened this communication, to another part of the machine, the valve would open and shut without his assistance, and leave him at liberty to divert himself with his playfellows.
Сторінка 480 - It is the maxim of every prudent master of a family, never to attempt to make at home what it will cost him more to make than to buy.
Сторінка 504 - They were themselves, either from their original condition, or from the necessity of their common interest, nearly on a general level in respect to property. Their situation demanded a parcelling out and division of the lands, and it may be fairly said, that this necessary act fixed the future frame and form of their government. The character of their political institutions was determined by the fundamental laws respecting property.
Сторінка 229 - The property which every man has in his own labor, as it is the original foundation of all other property, so it is the most sacred and inviolable.
Сторінка 237 - In every society the price of every commodity finally resolves itself into some one or other, or all of those three parts; and in every improved society, all the three enter more or less, as component parts, into the price of the far greater part of commodities.