The Elements of Economics, Volume 2 |
Contents
| 15 | |
| 16 | |
| 25 | |
| 26 | |
| 31 | |
| 32 | |
| 33 | |
| 35 | |
| 190 | |
| 196 | |
| 202 | |
| 204 | |
| 216 | |
| 223 | |
| 230 | |
| 236 | |
| 37 | |
| 52 | |
| 60 | |
| 65 | |
| 79 | |
| 80 | |
| 84 | |
| 85 | |
| 86 | |
| 88 | |
| 94 | |
| 100 | |
| 107 | |
| 113 | |
| 114 | |
| 121 | |
| 130 | |
| 137 | |
| 145 | |
| 152 | |
| 161 | |
| 180 | |
| 241 | |
| 242 | |
| 246 | |
| 252 | |
| 258 | |
| 266 | |
| 273 | |
| 280 | |
| 299 | |
| 305 | |
| 313 | |
| 314 | |
| 321 | |
| 328 | |
| 333 | |
| 339 | |
| 345 | |
| 347 | |
| 353 | |
| 359 | |
| 364 | |
| 370 | |
Other editions - View all
Common terms and phrases
actual Profit Adam Smith advances agriculture amount annuity annum borrow Bullion Capitalist cause cent circumstances commerce commodities consequence Consumer Cost of Production Credit Debts Demand and Supply diminished diminution division of labour doctrine Economics Economists effect employed employment equal exactly exchange fall fallacy farmer fertility give Government greater Hence increased quantity inferior lands landlord Law of Cost Law of Demand law of Value London lower manifestly manufactures market price Mill natural price nature necessary operation paid persons price of corn price of labour principle Productive Labour Property proportion purchase Quantity of Labour quantity of money raised rate of interest Rate of Profit reduced regulates Ricardo Ricardo's Theory Right rise says sell Smith soil species Supply and Demand suppose termed Theory of Rent things Tithes trade true Unproductive usual usury Value of Money Wages Fund wages of labour Wealth workmen
Popular passages
Page 174 - In the progress of the division of labour, the employment of the far greater part of those who live by labour, that is, of the great body of the people, comes to be confined to a few very simple operations, frequently to one or two. But the understandings of the greater part of men are necessarily formed by their ordinary employments.
Page 93 - When, in the progress of society, land of the second degree of fertility is taken into cultivation, rent immediately commences on that of the first quality, and the amount of that rent will depend on the difference in the quality of these two portions of land.
Page 93 - Rent is that portion of the produce of the earth, which is paid to the landlord for the use of the original and indestructible powers of the soil.
Page 162 - ... it is even a trade by itself to put them into the paper; and the important business of making a pin is, in this manner, divided into about eighteen distinct operations, which, in some manufactories, are all performed by distinct hands, though in others the same man will sometimes perform two or three of them.
Page 174 - 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 133 - The property which every man has in his own labour, as it is the original foundation of all other property, so it is the most sacred and inviolable.
Page 156 - As it is the power of exchanging that gives occasion to the division of labour, so the extent of this division must always be limited by the extent of that power, or, in other words, by the extent of the market.
Page 243 - Johnson appeared bustling about, with an ink-horn and pen in his button-hole, like an exciseman ; and on being asked what he really considered to be the value of the property which was to be disposed of, answered, " We are not here to sell a parcel of boilers and vats, but the potentiality of growing rich beyond the dreams of avarice.
Page 170 - This great increase of the quantity of work, which, in consequence of the division of labour, the same number of people are capable of ' performing, is owing to three different circumstances : first, to the increase of dexterity in every particular workman ; secondly, to the saving of the time which is commonly lost in passing from one species of work to another...
Page 43 - The capital employed in agriculture, therefore, not only* puts into motion a greater quantity of productive labour than any equal capital employed in manufactures, but in proportion too to the quantity of productive labour which it employs, it adds a much greater value to the annual produce of the land and labour of the country, to the real wealth and revenue of its inhabitants. Of all the ways in which a capital can be employed, it is by far the most advantageous to the society.