An Inquiry Into the Nature and Causes of the Wealth of Nations |
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advantage afford altogether annual produce artificers augmented balance of trade bank bounty Britain butcher's-meat capital carried cattle cent cheaper circulating capital circulation coin commerce commodities commonly consequence considerable consumed corn dealers declension diminish division of labour duties effectual demand employed employment endeavour England equal Europe exchange exchangeable value expence exportation farmer favour foreign trade France frequently gold and silver greater quantity importation increase industry inhabitants interest joint stock companies land and labour landlord less maintain manner manufactures master ment merchants metals money price nations natural natural price necessarily necessary obliged occasion ordinary profits paid particular pence perhaps Peru pound weight pounds sterling productive labour profits of stock prohibition proportion purchase quantity of labour raise real price regulated rent of land revenue rude produce Scotland seems sestertii shillings society sometimes sort subsistence sufficient supposed tion town wages of labour wealth whole wool workmen
Popular passages
Page 311 - ... intends only his own security; and by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention.* Nor is it always the worse for the society that it was no part of it.
Page 107 - 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 422 - ... the duty of erecting and maintaining certain public works and certain public institutions, which it can never be for the interest of any individual, or small number of individuals, to erect and maintain; because the profit could never repay the expense to any individual or small number of individuals, though it may frequently do much more than repay it to a great society.
Page 400 - 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 13 - This great increase of the quantity of work, which, in consequence of the division of labour, the same number of people are capable of performing, is owing to three different circumstances; first, to the increase of dexterity in every particular workman; secondly, to the saving of the 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 312 - What is prudence in the conduct of every private family, can scarce be folly in that of a great kingdom. If a foreign country can supply us with a commodity cheaper than we ourselves can make it, better buy it of them with some part of the produce of our own industry, employed in a way in which we have some advantage.
Page 100 - 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 95 - The whole of the advantages and disadvantages of the different employments of labour and stock must, in the same neighbourhood, be either perfectly equal or continually tending to equality.
Page 26 - 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.