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An Inquiry Into the Nature and Causes of the Wealth of Nations. with a Comm ...
No preview available - 2016
act of navigation advantageous afford altogether America ancient annual produce artificers augment balance of trade bank money bounty Britain British bullion capital carried cent cheaper coin colony trade commerce commodities consequently considerable consumed corn country gentlemen dearer distant duties East Indies employed employment encouragement endeavour England equal established Europe European exchange expense exportation factures farmer favour foreign countries foreign trade France French frequently gold and silver greater quantity guilders home market importation increase industry inhabitants interest labour less maintain manner manu manufactures Mediterranean Sea ment mercantile mercantile system merchants money price monopoly mother country nations naturally necessarily neighbours occasion ordinary otherwise particular perhaps pound weight pounds primogeniture profit prohibition proportion proprietors provinces purchase raise regulations render revenue rude produce scarcity seignorage sell shillings slaves sort Spain subsistence supposed surplus produce tion trade of consumption wealth whole wine wool
Page 446 - Consumption is the sole end and purpose of all production ; and the interest of the producer ought to be attended to, only so far as it may be necessary for promoting that of the consumer.
Page 114 - ... 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.
Page 371 - 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 100 - By means of it, the narrowness of the home market does not hinder the division of labour in any particular branch of art or manufacture from being carried to the highest perfection. By opening a more extensive market for whatever part of the produce of their labour may exceed the home consumption, it encourages them to improve its productive powers, and to augment its annual produce to the utmost, and thereby to increase the real revenue and wealth of society
Page 114 - 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...
Page 110 - 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 102 - 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 124 - The first is, when some particular sort of industry is necessary for the defence of the country.
Page 135 - Were those high duties and prohibitions taken away all at once, cheaper foreign goods of the same kind might be poured so fast into the home market, as to deprive all at once many thousands of our people of their ordinary employment and means of subsistence.