Conversations on Political Economy: In which the Elements of that Science are Familiarly Explained |
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Page 2
... true riches of a kingdom consist in the number of people , and the plenty of provisions ; and innumerable people now cover the whole territory of Idomeneus , which they cultivate with unwearied dili- gence and assiduity . His dominions ...
... true riches of a kingdom consist in the number of people , and the plenty of provisions ; and innumerable people now cover the whole territory of Idomeneus , which they cultivate with unwearied dili- gence and assiduity . His dominions ...
Page 12
... true that they are not easy for beginners . CAROLINE . But what then am I to do , Mrs. B. ? I cannot attend those lectures , and I fear I shall never have courage to undertake the study of treatises which you allow to be difficult . MRS ...
... true that they are not easy for beginners . CAROLINE . But what then am I to do , Mrs. B. ? I cannot attend those lectures , and I fear I shall never have courage to undertake the study of treatises which you allow to be difficult . MRS ...
Page 18
... true that these errors are productive of a great deal of mischief ; that they check industry and retard the progress of improvement . Under bad governments particular classes of people are favoured , others discouraged and oppressed ...
... true that these errors are productive of a great deal of mischief ; that they check industry and retard the progress of improvement . Under bad governments particular classes of people are favoured , others discouraged and oppressed ...
Page 22
... True : but in an island which is not desert , money will purchase whatever you want . MRS . B. Then I should say that the things which we are desirous to procure with money , such as land , houses , furniture , clothes , food , & c ...
... True : but in an island which is not desert , money will purchase whatever you want . MRS . B. Then I should say that the things which we are desirous to procure with money , such as land , houses , furniture , clothes , food , & c ...
Page 26
... true that labour is a most essential re- quisite to the creation of wealth , and yet it does not necessarily ensure its production . The labour of the savage who possesses no wealth is often more severe than that of our common ploughman ...
... true that labour is a most essential re- quisite to the creation of wealth , and yet it does not necessarily ensure its production . The labour of the savage who possesses no wealth is often more severe than that of our common ploughman ...
Common terms and phrases
66 CAROLINE accumulation Adam Smith advantage afford agriculture amongst augmentation better bills bills of exchange branch of industry bread capitalist certainly circulating circulating capital civilisation cloth lettered commerce commodities consequence considered consumed corn cost of production cultivation demand for labour depreciation derived diminish distress division of labour Edition effect employed enable England equal exchangeable value expense export farm farmer foreign gold and silver improvement income increase inferior soils interest J. C. LOUDON labouring classes landed property landlord laws less luxury machinery maintenance manufactures means ment merchants natural value necessary observed obtain plenty political economy poor population Portugal possession procure proportion proprietor purchase quantity raise the price rate of profit rate of wages raw produce render rent rich rise Russia savage scarce scarcity sell shillings Spain specie subsistence supply suppose surplus things tion tivation trade true value of money vols wealth whilst workmen
Popular passages
Page 63 - One man draws out the wire, another straights it, a third cuts it, a fourth points it, a fifth grinds it at the top for receiving the head ; to make the head requires two or three distinct operations ; to put it on is a peculiar business, to whiten the pins is another ; it is even a trade by itself to put them into the paper ; and the important business of making a pin is, in this manner, divided into about eighteen distinct operations, which, in some manufactories, are all performed by distinct...
Page 63 - Those ten persons, therefore, could make among them upwards of forty-eight thousand pins in a day. Each person, therefore, making a tenth part of forty-eight thousand pins, might be considered as making four thousand eight hundred pins in a day. But if they had all wrought separately and independently...
Page 62 - 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 142 - And while he sinks without one arm to save, The country blooms — a garden and a grave ! Where then, ah ! where shall poverty reside, To 'scape the pressure of contiguous pride? If to some common's fenceless limits stray'd, He drives his flock to pick the scanty blade, Those fenceless fields the sons of wealth divide, And e'en the bare-worn common is denied.
Page 392 - The man of wealth and pride Takes up a space that many poor supplied; Space for his lake, his park's extended bounds, Space for his horses, equipage, and hounds; The robe that wraps his limbs in silken sloth Has robb'd the neighbouring fields of half their growth; His seat, where solitary sports are seen, Indignant spurns the cottage from the green...
Page 62 - ... the accommodation of an European prince does not always so much exceed that of an industrious and frugal peasant, as the accommodation of the latter exceeds that of many an African king, the absolute master of the lives and liberties of ten thousand naked savages.