An Inquiry into the Nature and Causes of the Wealth of Nations, Volume 2
At the Clarendon Press, 1869 - Economics
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according advantageous afford allowed altogether America ancient annual authority bank become bounty branches Britain British called capital carried clergy colonies commerce commodities consequence considerable consumption continually corn demand duties East effect employed employment encourage England English equal established Europe European exchange exclusive expense exportation force foreign foreign trade France frequently give gold and silver greater hundred importation improvement increase Indies industry inhabitants interest kind labour land least less maintain manner manufactures means ment merchants monopoly naturally necessarily necessary never obliged occasion ordinary otherwise paid particular perhaps person pounds present principal probably produce profit prohibition proportion purchase quantity raise reason regulations render respect seems sell shillings society sometimes sort sovereign sufficient superior supply supposed thousand trade wealth whole
Page 314 - Every tax ought to be so contrived as both to take out and to keep out of the pockets of the people as Little as possible, over and above what it brings into the public treasury of the state.
Page 279 - The man whose whole life is spent in performing a few simple operations, of which the effects too are, perhaps, always the same, or very nearly the same, has no occasion to exert his understanding, or to exercise his invention in finding out expedients for removing difficulties which never occur. He naturally loses, therefore, the habit of such exertion, and generally becomes as stupid and ignorant as it is possible for a human creature to become.
Page 156 - To found a great empire for the sole purpose of raising up a people of customers, may at first sight appear a project fit only for a nation of shopkeepers.
Page 279 - He naturally loses, therefore, the habit of such exertion, and generally becomes as stupid and ignorant as it is possible for a human creature to become. The torpor of his mind renders him, not only incapable of relishing or bearing a part in any rational conversation, but of conceiving any generous, noble, or tender sentiment, and consequently of forming any just judgment concerning many even of the ordinary duties of private life.
Page 209 - ... the duty of erecting and maintaining certain public works and certain public institutions which it can never be for the interest of any individual, or small number of individuals, to erect and maintain, because the profit could never repay the expense to any individual, or small number of individuals, though it may frequently do much more than repay it to a great society.
Page 160 - The discovery of America, and that of a passage to the East Indies by the Cape of Good Hope, are the two greatest and most important events recorded in the history of mankind.
Page 18 - To expect, indeed, that the freedom of trade should ever be entirely restored in Great Britain, is as absurd as to expect that an Oceana or Utopia should ever be established in it. Not only the prejudices of the public, but what is much more unconquerable, the private interests of many individuals, irresistibly oppose it.
Page 15 - The statesman, who should attempt to direct private people in what manner they ought to employ their capitals, would not only load himself with a most unnecessary attention but assume an authority which could safely be trusted not only to no single person but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it.
Page 15 - Every individual is continually exerting himself to find out the most advantageous employment for whatever capital he can command. It is his own advantage, indeed, and not that of the society, which he has in view. But the study of his own advantage naturally, or rather necessarily leads him to prefer that employment which is most advantageous to the society.
Page 10 - It carries out that surplus part of the produce of their land and labour for which there is no demand among them, and brings back in return for it something else for which there is a demand. It gives a value to their superfluities, by exchanging them for something else, which may satisfy a part of their wants, and increase their enjoyments.