Select Chapters and Passages from the Wealth of Nations of Adam Smith, 1776
Macmillan and Company, 1894 - Economics - 285 pages
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according advantages afford altogether annual produce artificers augment bring capital carried CHAPTER circulating circumstances commodities commonly competition consequence consists consumed consumption continually contrary corn corporation cultivation demand effect employed employment England equal established exchange expense farmer foreign frequently give gold and silver greater hands immediate important improvement increase industry interest kind labour land landlord less maintain maintenance manner manufactures masters materials means merchants metals naturally nearly necessarily necessary neighbourhood never obliged obstructs occasion operations ordinary otherwise paid particular perhaps person poor pounds produce profit proper proportion purchase quantity quantity of labour raise regulate rent rent of land replace requires revenue rise rude seems sell society sometimes sort subsistence sufficient supply supposed surplus things tion town trade wages wages of labour wanted wealth whole workmen
Page ix - It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard to their own interest.
Page 46 - The property which every man has in his own labour, as it is the original foundation of all other property, so it is the most sacred and inviolable.
Page vi - ... without the assistance and co-operation of many thousands, the very meanest person in a civilized country could not be provided, even according to, what we very falsely imagine, the easy and simple manner in which he is commonly accommodated.
Page 53 - People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.
Page xi - Each animal is still obliged to support and defend itself, separately and independently, and derives no sort of advantage from that variety of talents with which nature has distinguished its fellows. Among men, on the contrary, the most dissimilar geniuses are of use to one another; the different produces of their respective talents, by the general disposition to truck, barter, and exchange, being brought, as it were, into a common stock, where every man may purchase whatever part of the produce...
Page viii - But man has almost constant occasion for the help of 'his brethren, and it is in vain for him to expect it from their benevolence only.
Page 9 - the word Value has two different meanings, and sometimes expresses the utility of some particular object, and sometimes the power of purchasing other goods which the possession of that object conveys. The one may be called value in use; the other value in exchange.
Page vii - Compared, indeed, with the more extravagant luxury of the great, his accommodation must no doubt appear extremely simple and easy; and yet it may be true, perhaps, that the accommodation of an European prince does not always so much exceed that of an industrious and frugal peasant, as the accommodation of the latter exceeds that of many an African king, the absolute master of the lives and liberties of ten thousand naked savages.
Page 45 - If in the same neighbourhood, there was any employment evidently either more or less advantageous than the rest, so many people would crowd into it in the one case, and so many would desert it in the other, that its advantages would soon return to the level of other employments.
Page 15 - As soon as the land of any country has all become private property, the landlords, like all other men, love to reap where they never sowed, and demand a rent even for its natural produce.