Principles of Political Economy: With Some of Their Applications to Social Philosophy, Volume 1 |
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Adam Smith advantage agricultural amount applied capitalist causes circulating capital competition condition considerable consumed consumption coöperation cultivation degree demand desire of accumulation diminished division of labour duction ductive employment England English eral exertion exist expenditure expense extent farmer favourable flax Flemish France fund greater habits human hundred quarters idle class improvement increase individual industry interest kind labour employed labouring classes land less limited maize mankind manufactures manure material means ment mode nations natural agents necessary objects obtained occupation operations peasant persons plough political economy Poor Law population portion possess present principle productive labour productive power productiveness of labour profit proportion quantity remuneration render rent require saving slavery slaves small farms social society soil subsistence sufficient supply suppose surplus taxes things thousand tion unproductive vate velvet wages wealth whole workmen
Popular passages
Page 373 - Notes of a Traveller. 8vo. price 12s. Laing's (S.) Observations on the Social and Political State of the European People in 1848 and 1849: Being the Second Series of Notes of a Traveller.
Page 267 - ... almost in an inverse ratio to the labour — the largest portions to those who have never worked at all, the next largest to those whose work is almost nominal, and so in...
Page 355 - Give a man the secure possession of a bleak rock, and he will turn it into a garden ; give him a nine years' lease of a garden, and he will convert it into a desert.
Page 473 - A mason or bricklayer, on the contrary, can work neither in hard frost nor in foul weather, and his employment at all other times depends upon the occasional calls of his customers. He is liable, in consequence, to be frequently without any. What he earns, therefore, while he is employed, must not only maintain him while he is idle, but make him some compensation for those anxious and desponding" moments which the thought of so precarious a situation must sometimes occasion.
Page 164 - ... performed two or three distinct operations. But though they were very poor, and therefore but indifferently accommodated with the necessary machinery, they could, when they exerted themselves, make among them about twelve pounds of pins in a day.
Page 258 - It is not so with the Distribution of Wealth. That is a matter of human institution solely. The things once there, mankind, individually or collectively, can do with them as they like.
Page 127 - Capital which in this manner fulfils the whole of its office in the production in which it is engaged, by a single use, is called Circulating Capital.
Page 166 - ... the invention of a great number of machines which facilitate and abridge labour, and enable one man to do the work of many.
Page 268 - The laws of property have never yet conformed to the principles on which the justification of private property rests. They have made property of things which never ought to be property, and absolute property where only a qualified property ought to exist.
Page 268 - Private property, in every defence made of it, is supposed to mean, the guarantee to individuals of the fruits of their own labour and abstinence. The guarantee to them of the fruits of the labour and abstinence of others, transmitted to them without any merit or exertion of their own...