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accumulated acre Adam Smith advantages of situation agricultural arise average bushels canals capi capital employed capitalist cause cent clothing commodities consequence constantly increasing corn corn laws cost cotton demand diminished diminution division of labour dollars duce employment enable England equal exchangeable value existing expended extension of cultivation fall farm fertile lands former give greater houses hundred hundred quarters Ibid improvement inferior soils interest invested labour and capital labour required landlord laws less M'Culloch machinery Malthus manufactures mill millions nature necessary obtain occupied paid persons Political Economy population portion possession Principles of Political product of labour profits of capital proportion proprietor purchase quantity of labour quarters rail roads rate of profit raw produce received rendered rent return to labour revenue Ricardo rise superior soils supply supposed tends tion tivation United wages and profits wealth wheat whole yield
Page 190 - 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 paid for the use of it.
Page 310 - Men are much more likely to discover easier and readier methods of attaining any object when the whole attention of their minds is directed towards that single object than when it is dissipated among a great variety of things. But in consequence of the division of labour...
Page 143 - The same cause invariably raises rent,1 it is therefore for the interest of the landlord that the cost attending the production of corn should be increased.
Page 310 - ... the increase of dexterity in every particular workman; secondly, to the saving of time, which is commonly lost in passing from one species of work to another; and, lastly, to the invention of a great number of machines which facilitate and abridge labour, and enable one man to do the work of many.
Page 187 - 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. It is often however confounded with the interest and profit of capital, and in popular language the term is applied to whatever is annually paid by a farmer to his landlord.
Page 191 - When, in the progress of society, land of the second degree of fertility is taken into cultivation, rent immediately commences on that of the first quality, and the amount of that rent will depend on the difference in the quality of these two portions of land. When land of the third quality is taken into cultivation, rent immediately commences on the second, and it is regulated as before by the difference in their productive powers. At the same time, the rent of the first quality will rise...
Page 329 - Such bonds shall bear Interest at the rate of not more than five per cent per annum, payable In semi-annual installments, and the principal thereof shall be payable in not more than twenty years from their date.
Page 195 - The exchangeable value of all commodities, whether they be manufactured, or the produce of the mines, or the produce of land, is always regulated, not by the less quantity of labour that will suffice for their production under circumstances highly favorable, and exclusively enjoyed by those...
Page xi - Political Economy considers mankind as occupied solely in acquiring and consuming wealth ; and aims at showing what is the course of action into which mankind, living in a state of society, would be impelled, if that motive, except in the degree in which it is checked by the two perpetual counter-motives above adverted to, were absolute ruler of all their actions.