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according advantage afford altogether amount ancient annual annual produce bank become bounty Britain called capital carried cattle cent century circulation coin colonies commerce commodities commonly consequence considerable considered consumed consumption continually corn cultivation demand duties effect employed employment encouragement England equal established Europe exchange expense exportation farmer five foreign France frequently give gold and silver greater hundred immediately importation improvement increase industry inhabitants interest Italy kind labour land less maintain manner manufactures means merchants metals naturally necessarily necessary never obliged occasion ordinary paid particular perhaps person pounds present probably produce profit proportion purchase quantity raise regulations render rent require respect revenue rise Scotland seems sell shillings society sometimes sort subsistence sufficient supply supposed things thousand tion town trade wages wealth whole
Seite 525 - 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.
Seite 29 - Give me that which I want, and you shall have this which you want, is the meaning of every such offer; and it is in this manner that we obtain from one another the far greater part of those good offices which we stand in need of. It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard to their own interest. We address ourselves, not to their humanity, but to their self-love, and never talk to them of our own necessities but of their...
Seite 112 - 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.
Seite 118 - 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. It is impossible indeed to prevent such meetings, by any law which either could be executed, or would be consistent with liberty and justice. But though the law cannot hinder people of the same trade from sometimes assembling together, it ought to do nothing to facilitate such assemblies; much less to render them necessary.
Seite 356 - By preferring the support of domestic to that of foreign industry, he 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, v Nor is it always the worse for the society that it was no part of it.
Seite 276 - With regard to profusion, the principle which prompts to expense is the passion for present enjoyment; which, though sometimes violent and very difficult to be restrained, is in general only momentary and occasional. But the principle which prompts to save is the desire of bettering our condition, a desire which, though generally calm and dispassionate, comes with us from the womb, and never leaves us till we go into the grave.
Seite 268 - Like the declamation of the actor, the harangue of the orator, or the tune of the musician, the work of all of them perishes in the very instant of its production.
Seite 293 - 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. Of all the ways in which a capital can be employed, it is by far the most advantageous to the society.
Seite 363 - By diminishing the number of sellers, therefore, we necessarily diminish that of buyers, and are thus likely not only to buy foreign goods dearer, but to sell our own cheaper, than if there was a more perfect freedom of trade. As defence, however, is of much more importance than opulence, the act of'navigation is, perhaps, the wisest of all the commercial regulations of England.
Seite 40 - The real price of everything, what everything really costs to the man who wants to acquire it, is the toil and trouble of acquiring it. What everything is really worth to the man who has acquired it, and who wants to dispose of it or exchange it for something else, is the toil and trouble which it can save to himself, and which it can impose upon other 160 Rconomic Studies.