Political Economy

Adam Smith advantage Archbishop Whately arises Australia banker barristers become benefit better bubble called capitalist carry cheaply circulating capital coal coins collapse commodity consists corn cost cotton day’s deal difficult division of labour doubt earn employed employers employment England exchange factory fallacy farm farmer give gold improvements increase indirect taxes invention iron Iron puddlers John Smith kind land laws of supply less limited in supply lockouts machinery machines man’s manage manufactured means metal natural agent paid payment pearls person plenty political economy poor Pound Sterling pounds Primer produce profits proportion quantity railways rate of interest rate of wages receive rent requisites of production rich sell shares shillings silver sometimes spend strike supply and demand tenant things trade trades-unions usually utility valuable wealth wine workmen