...conveniences of life which it annually consumes, and which consist always either in the immediate produce of labour, or in what is purchased with that produce from other nations." In this sentence we recognise the influence on Smith of the French physiocrats. Without explanation,...

...always being consumed, and that, as Adam Smith says, " the annual labour of every nation is the fund which originally supplies it with all the necessaries...conveniences of life which it annually consumes." If this learning is somewhat too musty, at any rate the American statistician, Mr Atkinson, may be...

...opens the ' Wealth of Nations ' with the statement that " The annual labor of every nation is the fund which originally supplies it with all the necessaries...conveniences of life which it annually consumes." One school of writers, the Mercantilists, had held that the main thing in the advancement of the wealth...

...opens the 'Wealth of Nations' with the statement that "The annual labor of every nation is the fund which originally supplies it with all the necessaries...conveniences of life which it annually consumes." One school of writers, the Mercantilists, had held that the main thing in the advancement of the wealth...

...which affords the annual net 'product, he asserts that " the annual labor of every nation is the fund which originally supplies it with all the necessaries...conveniences of life which it annually consumes." We are now inclined to identify this productive fund with the whole labor of the nation. But Adam Smith...

..." the Nature and Causes of the Wealth of Nations." t " The annual labor of every nation is the fund which originally supplies it with all the necessaries...consist always either in the immediate produce of that labor or in what is purchased with that produce from other nations." Wealth of Nations, " Introduction...

...it with all the necessaries and conveniences of life which it actually consumes, and which consists always either in the immediate produce of that labour...is purchased with that produce from other nations." This lays down a proposition perfectly clear, that there is no other source whatever of wealth in the...

...has been paid to it. The sentence is this. He says : "The actual labour of every nation is the fund which originally supplies it with all the necessaries and conveniences of life which it actually consumes, and which consists always either in the immediate produce of that labour or in what...

...I base some of my calculations on this thesis : — " The annual labour of every nation is the fund which originally supplies it with all the necessaries...is purchased with that produce from other nations. * * * " Whatever be the actual state of the skill, dexterity, and judgment with which labour is applied...

...that I base some of my calculationson this thesis : — "The annual labour of every nation is the fund which originally supplies it with all the necessaries...always either in the Immediate produce of that labour, orín what is purchased with that produce from other nations. * * * " Whatever be the actual state...