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according advantageous afford altogether America amount annual annual produce bank become bills bounty branches Britain called capital carried cent circulation coin colonies commerce commodities consequence considerable consists consumed consumption continually corn cultivation deal demand distant duties effect employed employment enable encouragement England equal established Europe exchange expence exportation farmer favour five foreign foreign trade France frequently give gold and silver greater hands immediately importation improvement increase industry inhabitants interest Italy keep kind labour land less maintain manner manufactures means merchant monopoly naturally necessarily necessary never obliged occasion ordinary otherwise paid particular perhaps person Portugal pounds present probably produce profit prohibition proportion purchase quantity raise regulations render returns revenue seems sell society sometimes sort sufficient supply supposed surplus thing tion town trade wealth whole
Seite 236 - By preferring the support of domestic to that of foreign industry, he intends only his own security; and by directing that industry in such a manner as its produce may be of greatest value, he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention.
Seite 198 - Political oeconomy, considered as a branch of the science of a statesman or legislator, proposes two distinct objects: first, to provide a plentiful revenue or subsistence for the people, or more properly to enable them to provide such a revenue or subsistence for themselves; and secondly, to supply the state or commonwealth with a revenue sufficient for the public services. It proposes to enrich both the people and the sovereign.
Seite 236 - What is the species of domestic industry which his capital can employ, and of which the produce is likely to be of the greatest value, every individual, it is evident, can, in his local situation, judge much better than any statesman or lawgiver can do for him.
Seite 469 - To propose that Great Britain should voluntarily give up all authority over her colonies, and leave them to elect their own magistrates, to enact their own laws, and to make peace and war as they might think proper, would be to propose such a measure as never was, and never will be adopted by any nation in the world.
Seite 226 - The discovery of America, and that of a passage to the East Indies by the Cape of Good Hope, are the two greatest and most important events recorded in the history of mankind.
Seite 10 - ... into three parts; the rent of land, the wages of labour, and the profits of stock: and constitutes a revenue to three different orders of people; to those who live by rent...
Seite 246 - There seem, however, to be two cases in which it will generally be advantageous to lay some burden upon foreign, for the encouragement of domestic industry. The first is, when some particular sort of industry is necessary for the defence of the country.
Seite 233 - Every individual is continually exerting himself to find out the most advantageous employment for whatever capital he can command. It is his own advantage, indeed, and not that of society, which he has in view. But the study of his own advantage naturally or, rather, necessarily leads him to prefer that employment which is most advantageous to the society.