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Adam Smith advantage afford agriculture annual produce augmented average price bank of England bills bills of exchange butcher’s-meat capital employed cattle cent century circulating capital coin commodities common food commonly consequence consumed consumption continually dealers demand diminish duce employment England equal Europe exchange expense farmer fertility gold and silver greater quantity increase industry interest land and labour landlord less maintain manufactures ment merchant money price naturally necessarily necessary occasion ounces paid paper money particular payment perhaps Peru portion Portugal precious metals present money price of corn produce of land productive labour projectors promissory notes proportion purchase quantity of labour quantity of silver quarters raise raw produce real price rent revenue Ricardo rise rude produce Scotland seems shillings society sometimes subsistence supply supposed surplus produce things thousand pounds tillage tion tivated trade unproductive usury value of silver wages wealth wheat whole yields
Seite 436 - 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 fit to exercise it.
Seite 379 - The annual produce of the land and labour of any nation can be increased in its value by no other means, but by increasing either the number of its productive labourers, or the productive powers of those labourers who had before been employed.
Seite 176 - K. however, in any particular branch of trade or manufactures, is always in .some respects different from, and even opposite to, that of the public.
Seite 432 - ... the highest impertinence and presumption, therefore, in kings and ministers, to pretend to watch over the economy of private people, and to restrain their expense, either by sumptuary laws, or by prohibiting the importation of foreign luxuries. They are themselves always, and without any exception, the greatest spendthrifts in the society. Let them look well after their own expense, and they may safely trust private people with theirs. If their own extravagance does not ruin the state, that of...
Seite 190 - Rent is that portion of the produce of the earth which is paid to the landlord for the use of the original and indestructible powers of the soil.
Seite 268 - Though the whole annual produce of the land and labour of every country is, no doubt, ultimately destined for supplying the consumption of its inhabitants, and for procuring a revenue to them, yet when it...
Seite 279 - The substitution of paper in the room of gold and silver money, replaces a very expensive instrument of commerce with one much less costly, and sometimes equally convenient. Circulation comes to be carried on by a new wheel, which it costs less both to erect and to maintain than the old one.
Seite 192 - the same properties, if it were unlimited in quan' tity, and uniform in quality, no charge could be ' made for its use, unless where it possessed peculiar ' advantages of situation. It is only, then, because ' land is not unlimited in quantity and uniform in ' quality, and because, in the progress of population, ' land of an inferior quality, or less advantageously ' situated, is called into cultivation, that rent is ever
Seite 199 - ... constituting its peculiar pre-eminence. If air, water, the elasticity of steam, and the pressure of the atmosphere were of various qualities, if they could be appropriated, and each quality existed only in moderate abundance, they, as well as the land, would afford a rent, as the successive qualities were brought into use. With every worse quality employed, the value of the commodities in the manufacture of which they were used would rise, because equal quantities of labour would be less productive....