...number of individuals, to erect and maintain, because the profit could never repay the expense to them, though it may frequently do much more than repay it to a great society." ( Wealth of Nations, bk. iv. ch. ix. ad JLn.) Examples of such works and institutions are light-houses,...

...other independent societies ; secondly, the duty of protecting, so far as possible, every member of society from the injustice or oppression of every...repay it to a great society. The proper performance of these several duties of the sovereign necessarily supposes a certain expense, and this expense again...

...individuals, to erect and maintain, because the profit could never repay the expense to anyindividual, or small number of individuals, though it may frequently...repay it to a great society. The proper performance of these several duties of the sovereign necessarily supposes a certain expense, and this expense again...

...number of individuals, to erect and maintain ; because the profit could never repay the expense of any individual, or small number of individuals, though it may frequently do much more than repay it to the great society.' The duties here enumerated, specially those we have italicised, leave a large margin...

...establishing an exact administration of justice; and thirdly, the duty of erecting and maintaining certain works and certain public institutions which it can...do much more than repay it to a great society." The State is required to protect us from other evils besides the evils of force and fraud — infectious...

...establishing an exact administration of justice ; and thirdly, the duty of erecting and maintaining certain works and certain public institutions which it can...do much more than repay it to a great society." The State is required to protect us from other evils besides the evils of force and fraud — infectious...

...certain works and certain public institutions which it can never be for the interest of any imdividual or small number of individuals to erect and maintain...do much more than repay it to a great society." The State is required to protect us from other evils besides the evils of force and fraud—infectious...

...views. ~ ' According to the system of natural liberty, the sovereign has only three duties to attend toj three duties of great importance indeed, but plain...frequently do much more than repay it to a great society V It is only necessary to read this passage in order to see that the policy favoured by Adam Smith...

...from the injustice or oppression 1 Strictly true only of England, and in a much less degree of France. of every other member of it, or the duty of establishing...frequently do much more than repay it to a great society V It is only necessary to read this passage in order to see that the policy favoured by Adam Smith...

...which it can never be for the interest of any individual, or small number of individuals, to erect or maintain, because the profit could never repay the...frequently do much more than repay it to a great society." 1 Such, very briefly described, is individualism in church, state, and society. It has not fulfilled...