An analysis of Adam Smiths' Inquiry into the nature and causes of the wealth of nations, repr., with additions, from the 3rd ed. of J. Joyce's abridgement, revised and ed. by W.P. Emerton, Volume 11877 |
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Common terms and phrases
Adam Smith advantage agriculture annual produce apprenticeship bank capital employed cattle cent century circulating capital clothing commodities cultivated different employments diminish division of labour effect effectual demand England Europe exchange expense Fawcett fertility fixed capital foreign former funds destined gold and silver Hence increase industry JAMES THORNTON land and labour landlord less maintaining maintenance manufactures market price masters Mill mines money price natural price necessary ounce Oxford Political Economy poor precious metals price of corn price of labour prodigal produce of land productive hands productive labour profits of stock proportion purchase quantity of labour raise rate of interest rate of profit real price regulate rent of land reserved for immediate revenue rich Rogers Rogers's note rude produce Scotland society supply Thirty-Nine Articles tion towns unproductive value of silver wages and profits wages of labour Wealth of Nations wheat whole workmen
Popular passages
Page xiii - The word VALUE, it is to be observed, has two different meanings, and sometimes expresses the utility of some particular object, and sometimes the power of purchasing other goods which the possession of that object conveys. The one may be called ' value in use;' the other, * value in exchange.
Page 148 - Labour was the first price, the original purchase money that was paid for all things. It was not by gold or by silver, but by labour, that all the wealth of the world was originally purchased...
Page xvi - Labour alone therefore, never varying in its own value, is alone the ultimate and real standard by which the value of all commodities can at all times and places be estimated and compared.
Page 12 - The exclusive privileges of corporations, statutes of apprenticeship, and all those laws which restrain, in particular employments, the competition to a smaller number than might otherwise go into them, have the same tendency, though in a less degree.
Page i - THE annual labour of every nation is the fund which originally supplies it with all the necessaries and conveniences of life which it annually consumes, and which consist always either in the immediate produce of that labour, or in what is purchased with that produce from other nations.
Page viii - But man has almost constant occasion for the help of his brethren, and it is in vain for him to expect it from their benevolence only.
Page 150 - Bekker ; with an Introduction, a Marginal Analysis, and Explanatory Notes. Designed for the Use of Students in the Universities. By DRUMMOND PERCY CHASE, MA, Fellow of Oriel College, and Principal of St.
Page iv - The separation of different trades and employments from one another, seems to have taken place in consequence of this advantage. This separation, too, is generally carried furthest in those countries which enjoy the highest degree of industry and improvement ; what is the work of one man in a rude state of society being generally that of several in an improved one.
Page 131 - ... thought which the student may usefully follow out to any extent for himself, and that it affords an instructive example of a thoughtful, scientific, and in the best sense academical style of treating political questions. ' With regard to my own annotations, the object which I have chiefly kept in view has been to direct attention to such later writings as have expressly undertaken to fix the scientific meaning of the political terms here discussed, and above all "Austin's Lectures on Jurisprudence,"...