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The Works of Adam Smith: The nature and causes of the wealth of nations
Vista completa - 1812
act of navigation advantageous afford altogether America annual produce augment balance of trade bank money BOOK bounty branches of trade Britain British bullion capital employed carrying trade cent chap cheaper coin colony trade commerce commodities consequence country gentlemen cultivation distant duce duties East Indies effect employment encouragement England equal established Europe European exchange expence exportation factures fame manner farmer favour foreign trade France French frequently gold and silver greater quantity guilders home market importation improvement increase inhabitants interest land and labour less Lisbon maintain manufactures ment mercantile monopoly mother country nations naturally necessarily nerally occasion ordinary paid particular perhaps pound weight pounds productive labour prohibition proportion proprietor prosit provinces of France purchase regulations rendered revenue rude produce scarcity seignorage shillings sirst sive sometimes Spain subsistence supposed surplus produce tion town trade of consumption wealth whole wine wines of Portugal wool
Página 181 - ... every individual necessarily labours to render the annual revenue of the society as great as he can. He generally, indeed, neither intends to promote the public interest, nor knows how much he is promoting it.
Página 181 - 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.
Página 16 - It tends therefore to increase the exchangeable value of the annual produce of the land and labour of the country. It puts into motion an additional quantity of industry, which gives an additional value to the annual produce.
Página 2 - That subject, or, what is the same thing, the price of that subject, can afterwards, if necessary, put into motion a quantity of labour equal to that which had originally produced it. The labour of the menial servant, on the contrary, does not fix or realize itself in any particular subject or vendible commodity. His services generally perish in the very instant of their performance, and seldom leave any trace or value behind them for which an equal quantity of service could afterwards be procured.
Página 182 - 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 186 - 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 484 - It is a very singular government in which every member of the administration wishes to get out of the country, and consequently to have done with the government, as soon as he can, and to whose interest, the day after he has left it and carried his whole fortune with him,* it is perfectly indifferent though the whole country was swallowed up by an earthquake.
Página 244 - Commerce, which ought naturally to be, among nations as among individuals, a bond of union and friendship, has become the most fertile source of discord and animosity.
Página 22 - The uniform, constant, and uninterrupted effort of every man to better his condition, the principle from which public and national, as well as private opulence is originally derived...