The Works of Adam Smith, LL.D. and F.R.S. of London and Edinburgh:: The nature and causes of the wealth of nations
T. Cadell and W. Davies, 1812 - Economics
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according afford annual appear average bank become BOOK bring brought called capital carried cattle cent century circulation coin commodities commonly confiderable confidered continually corn cultivation deal demand effect employed employment England equal Europe exchange expence fame farmer feems fhillings fhould filver five fociety fome fometimes four frequently ftill ftock fubfiftence fuch fufficient fupply fuppofed give gold gold and filver greater importation improvement increaſe induſtry intereft kind labour land landlord lefs lower mafter maintain manner manufactures metals mines moft moſt muft muſt natural nearly neceffarily neceffary never occafion ordinary ounce paid particular perhaps poor pounds prefent probably produce profit proportion purchaſe quantity quantity of labour raiſe regulated rent require rife Scotland ſtock things thofe thoſe tion town trade wages wages of labour weight whole workmen
Page 44 - The real price of every thing, what every thing really costs to the man who wants to acquire it, is the toil and trouble of acquiring it. What every thing is really worth to the man who has acquired it, and who wants to dispose of it or exchange it for something else, is the toil and trouble which it can save to himself, and which it can impose upon other people.
Page 42 - The things which have the greatest value in use have frequently little or no value in exchange; and, on the contrary, those which have the greatest value in exchange have frequently little or no value in use.
Page 21 - 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. He will be more likely to prevail if he can interest their self-love in his favour, and show them that it is for their own advantage to do for him what he requires of them.
Page 188 - 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. The patrimony of a poor man lies in the strength and dexterity of his hands; and to hinder him from employing this strength and dexterity in what manner he thinks proper without injury to his neighbour, is a plain violation of this most sacred property.
Page 83 - The commodity is then sold precisely for what it is worth, or for what it really costs the person who brings it to market; for though in common language what is called the prime cost of any commodity does not comprehend the profit of the person who is to sell it again, yet if he sells it at a price which does not allow him the ordinary rate of profit in his...
Page 84 - The market price of every particular commodity is regulated by the proportion between the quantity which is actually brought to market, and the demand of those who are willing to pay the natural price of the commodity, or the whole value of the rent, labour, and profit, which must be paid in order to bring it thither. Such people may be called the effectual demanders, and their demand the effectual demand ; since it may be sufficient to effectuate the bringing of the commodity to market.
Page 7 - But in the way in which this business is now carried on, not only the whole work is a peculiar trade, but it is divided into a number of branches, of which the greater part are likewise peculiar trades.
Page 17 - The shepherd, the sorter of the wool, the woolcomber or carder, the dyer, the scribbler, the spinner, the weaver, the fuller, the dresser, with many others, must all join their different arts in order to complete even this homely production. How many merchants and carriers, besides, must have been employed in transporting the materials from some of...
Page 20 - It is common to all men, and to be found in no other race of animals, which seem to know neither this nor any other species of contracts.
Page 7 - ... those employed in every different branch of the work can often be collected into the same workhouse and placed at once under the view of the spectator. In those great manufactures...