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abundance Adam additional advantage agriculture alteration amount appears bank notes become bill bullion capital cause cent circulation circumstances cloth coin Committee commodities compared consequence considerable considered consumer continue cost cultivation currency debt demand depend depreciation diminished effect employed employment enable England equal exchange expenses exportation fact fall farmer fixed follow foreign fund give given gold Government greater importation improvements income increase interest issues labour land landlord less limited lower machinery manufacturer means measure metals millions necessary never object obliged observed obtained occasion opinion ounce paid payments period population portion present price of corn principle probably profits proportion purchase quantity quantity of labour quarters raise raw produce receive reduced regulated rent rise says sell shillings silver Smith society standard supply suppose things trade variations wages wealth whilst whole
Page 166 - 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 96 - Every tax ought to be so contrived as both to take out and to keep out of the pockets of the people as Little as possible, over and above what it brings into the public treasury of the state.
Page 42 - The friends of humanity cannot but wish that in all countries the labouring classes should have a taste for comforts and enjoyments, and that they should be stimulated by all legal means in their exertions to procure them. There cannot be a better security against a superabundant population.
Page 220 - IT is the cost of production which must ultimately regulate the price of commodities, and not, as has been often said, the proportion between the supply and demand : the proportion between supply and demand may, indeed, for a time, affect the market value of a commodity, until it is supplied in greater or less abundance, according as the demand may have increased or diminished ; but this effect will be only of temporary duration.
Page 22 - 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.
Page 28 - The capital employed in agriculture, therefore, not only puts into motion a greater quantity of productive labour than any equal capital employed in manufactures ; but in proportion, too, to the quantity of productive labour which it employs, it adds a much greater value to the annual produce of the land and labour of the country, to the real wealth and revenue of its inhabitants.
Page 38 - The natural price of labour is that price which is necessary to enable the labourers, one with another, to subsist and to perpetuate their race, without either increase or diminution.
Page 42 - In those countries where the labouring classes have the fewest wants, and are contented with the cheapest food, the people are exposed to the greatest vicissitudes and miseries. They have no place of refuge from calamity; they cannot seek safety in a lower station; they are already so low that they can fall no lower. On any deficiency of the chief article of their subsistence there are few substitutes of which they can avail themselves and dearth to them is attended with almost all the evils of famine.