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Adam Smith advantage agricultural amount annual arts banks branch Britain capital cause cent change of habits cheap circulating medium coin commercial consumers consumption corn laws cost of production cultivation currency demand distress dollars domestic duction economy effect employed employment encouragement England enhanced equal estimated exchange exchangeable value expense export favour fictitious capital gold greater habits higher imported improvement income increase influence instance interest and profits kind labour lands laws less loans Lord Liverpool loss manufacture market value materials means measure ment metals money prices monopoly Montesquieu national industry persons population pounds sterling practice proportion prosperity provisions quantity rate of interest rate of profits rate of wages reduced regulation rents respect rise says seignorage silver skill species of industry supply suppose territory thing tion tivate trade transportation United value of money wants wheat whole community
Seite 173 - What is prudence in the conduct of every private family, can scarce be folly in that of a great kingdom. If a foreign country can supply us with a commodity cheaper than we ourselves can make it, better buy it of them with some part of the produce of our own industry, employed in a way in which we have some advantage.
Seite 4 - District Clerk's Office. BE IT REMEMBERED, That on the seventh day of May, AD 1828, in the fifty-second year of the Independence of the UNITED STATES OF AMERICA, SG Goodrich, of the said District, has deposited in this office the title of a book, the right whereof he claims as proprietor, in the words following, to wit : " THE CHILD'S BOTANY," In conformity to the act of the Congress of the United States...
Seite 170 - The general industry of the society never can exceed what the capital of the society can employ. As the number of workmen that can be kept in employment by any particular person must bear a certain proportion to his capital, so the number of those that can be continually employed by all the members of a great society must bear a certain proportion to the whole capital of that society, and never can exceed that proportion.
Seite 225 - We have had some experience of it; several of our young people were formerly brought up at the colleges of the northern provinces; they were instructed in all your sciences; but when they came back to us they were bad runners; ignorant of every means of living in the woods; unable to bear either cold or hunger; knew neither how to build a cabin, take a deer, or kill an enemy; spoke our language imperfectly; were therefore neither fit for hunters, warriors, nor counsellors ; they were totally good...
Seite 179 - Though for want of such regulations the society should never acquire the proposed manufacture, it would not, upon that account, necessarily be the poorer in any one period of its duration. In every period of its duration its whole capital and industry might still have been employed, though upon different objects, in the manner that was most advantageous at the time. In every period its revenue might have been the greatest which its capital could afford, and both capital and revenue might have been...
Seite 173 - To give the monopoly of the home market to the produce of domestic industry, in any particular art or manufacture, is in some measure to direct private people in what manner they ought to employ their capitals, and must in almost all cases be either a useless or a hurtful regulation.
Seite 32 - But the eyes of other people are the eyes that ruin us. If all but myself were blind, I should want neither fine clothes, fine houses. nor fine furniture.
Seite 178 - By means of such regulations, indeed, a particular manufacture may sometimes be acquired sooner than it could have been otherwise, and after a certain time may be made at home as cheap or cheaper than in the foreign country.
Seite 225 - Colleges of the Northern Provinces; they were instructed in all your sciences; but. when they came back to us, they were bad runners, ignorant of every means of living in the woods, unable to bear either cold or hunger, knew neither how to build a cabin, take a deer, or kill an enemy, spoke our language imperfectly, were therefore neither fit for hunters, warriors, nor counsellors; they were totally good for nothing.
Seite 173 - If the produce of domestic can be brought there as cheap as that of foreign industry, the regulation is evidently useless. If it cannot, it must generally be hurtful. 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.