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acquired acquisition Adam Smith advance advantage afford agriculture amongst amount arts augmented Bank of England benefit branches bullion cause circumstances classes clothing coin colonial commerce commodities competition consequently consumers corn cost cultivation currency degree demand diminished dities division of employment division of labour duction effect employed enabled England equal excess exchange exertion exist expense exportation extent favourable foreign hand human improvements increase individuals interest kind labour and capital land less mankind manufacture marriages materials means measure ment metals nations nature necessary objects occasion occupation operation opulence payment perform persons political economy population possess precious metals present procure production profits proportion purchase quantity raise rate of profits raw produce regard regulations render revenue seignorage skill society soil subsistence sufficient sumer supply things tion trade value of money vidual wages wants wealth whole workmen
Página 244 - It is the maxim of every prudent master of a family, never to attempt to make at home what it will cost him more to make than to buy.
Página 244 - 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.
Página 245 - Whether the advantages which one country has over another be natural or acquired, is in this respect of no consequence. As long as the one country has those advantages, and the other wants them, it will always be more advantageous for the latter rather to buy of the former than to make.
Página 344 - I shall therefore venture to acknowledge, that, not only as a man, but as a BRITISH subject, I pray for the flourishing commerce of GERMANY, SPAIN, ITALY, and even FRANCE itself. I am at least certain, that GREAT BRITAIN, and all those nations, would flourish more, did their sovereigns and ministers adopt such enlarged and benevolent sentiments towards each other.
Página 204 - The shepherd, the sorter of the wool, the wool-comber or carder, the dyer, the scribbler, the spinner, the weaver, the fuller, the dresser, with many others, must all join their different arts in order to complete this homely production.
Página 117 - That a little more plenty than ordinary may render some workmen idle, cannot well be doubted; but that it should have this effect upon the greater part, or that men in general should work better when they are ill fed than when they are well fed, when they are disheartened than when they are in good spirits, when they are frequently sick than when they are generally in good health, seems not very probable.
Página 135 - The demand for those who live by wages, necessarily increases with the increase of the revenue and stock of every country, and cannot possibly increase without it. The increase of revenue and stock is the increase of national wealth. The demand for those who live by wages, therefore, naturally increases with the increase of national wealth, and cannot possibly without.
Página 205 - ... in order to complete even this homely production. How many merchants and carriers, besides, must have been employed in transporting the materials from some of those workmen to others who often live in a very distant part of the country ; how much commerce and navigation in particular, how many ship-builders, sailors, sail-makers, rope-makers, must have been employed in order to bring together the different drugs made use of by the dyer, which often come from the remotest corners of the world...
Página 354 - Under a system of perfectly free commerce, each country naturally devotes its capital and labour to such employments as are most beneficial to each. This pursuit of individual advantage is admirably connected with the universal good of the whole.
Página 244 - It is certainly not employed to the greatest advantage, when it is thus directed towards an object which it can buy cheaper than it can make. The value of its annual produce is certainly more or less diminished, when it is thus turned away from producing commodities evidently of more value than the commodity which it is directed to produce.