An Inquiry Into the Nature and Causes of the Wealth of Nations, Volume 2 |
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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 direct distant duties East effect employed employment encouragement England equal established Europe exchange expence exportation farmer 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
Popular passages
Page 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.
Page 465 - To found a great empire for the sole purpose of raising up a people of customers, may at first sight appear a project fit only for a nation of shopkeepers.
Page 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.
Page 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.
Page 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.
Page 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.
Page 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...
Page 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.
Page 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.
Page 479 - Italy, there is not the least probability that the British constitution would be hurt by the union of Great Britain with her colonies. That constitution, on the contrary, would be completed by it, and seems to be imperfect without it.
Bibliographic information
| Title | An Inquiry Into the Nature and Causes of the Wealth of Nations, Volume 2 An Inquiry Into the Nature and Causes of the Wealth of Nations, Germain Garnier |
| Author | Adam Smith |
| Editors | Germain Garnier, J. Maynard |
| Publisher | J. Maynard, 1811 |
| Original from | the Complutense University of Madrid |
| Digitized | Apr 16, 2008 |
| Export Citation | BiBTeX EndNote RefMan |