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according Adam Smith advantage agricultural agricultural products America association become better branches capital carried causes cities civilization colonies commerce commodities competition condition consequently considerable consume consumption cotton course culture demand depends division duties effect employed England English established exchange existence exports extended fact favor foreign former France free trade furnish Germany give greater hand human hundred idea important improvement increase independence individuals influence intellectual interests internal Italy labor land laws less liberty List manufacturing industry means merchants millions moral nations nature navigation necessary object obtain Political Economy population possession present principle productive power progress proportion prosperity protective raw materials reason received regard rent restrictions rich School secure society supply theory things tion true United wealth whole
Página 80 - A merchant, it has been said very properly, is not necessarily the citizen of any particular country. It is in a great measure indifferent to him from what place he carries on his trade; and a very trifling disgust will make him remove his capital, and together with it all the industry which it supports, from one country to another.
Página xxvii - To determine the laws which regulate this distribution, is the principal problem in Political Economy : much as the science has been improved by the writings of Turgot, Stuart, Smith, Say, Sismondi, and others, they afford very little satisfactory information respecting the natural course of rent, profit, and wages.
Página xxxiii - The questions — to what extent and under what circumstances the possession of wealth is, on the whole, beneficial or injurious to its possessor, or to the society of which he is a member ? What distribution of wealth is most desirable in each different state of society ? And what are the means by which any given country can facilitate such a distribution ? — all these are questions of great interest and difficulty, but no more form part of the science of Political Economy, in the sense in which...
Página xxvii - The produce of the earth— all that is derived from its surface by the united application of labour, machinery and capital, is divided among three classes of the community, namely the proprietor of the land, the owner of the stock or capital necessary for its cultivation, and the labourers by whose industry it is cultivated.
Página vi - We owe much at present to the superstitious worship of Smith's name ; and we must not impair that feeling until the victory is more complete. There are few practical errors in the Wealth of Nations...
Página xxxvii - For practical purposes, political economy is inseparably intertwined with many other branches of social philosophy. Except on matters of mere detail, there are perhaps no practical questions, even among those which approach nearest to the character of purely economical questions, which admit of being decided on economical premises alone.