Principles of Political Economy |
From inside the book
Results 6-10 of 71
Page 83
... employment of credit in commerce , as a medium of exchange , has been very considerably underrated — that it has always carried on a much larger amount of business than money , and indeed that , without it , commerce could have made but ...
... employment of credit in commerce , as a medium of exchange , has been very considerably underrated — that it has always carried on a much larger amount of business than money , and indeed that , without it , commerce could have made but ...
Page 84
... employment as a medium of exchange- an instrument , that is , whereby one individual obtains possession by consent of the produce or property of another ; -while the amount of real or metallic money circulating through the same coun ...
... employment as a medium of exchange- an instrument , that is , whereby one individual obtains possession by consent of the produce or property of another ; -while the amount of real or metallic money circulating through the same coun ...
Page 87
... employment . It must be determined by the value of his produce in the market . And this will increase in proportion to the talent , skill , and application of the labourer , or any other circumstances which may render his labour more ...
... employment . It must be determined by the value of his produce in the market . And this will increase in proportion to the talent , skill , and application of the labourer , or any other circumstances which may render his labour more ...
Page 141
... employment , in production , -to which we would add ( in order to exclude ambiguity as far as possible ) -with a view to profit by the sale of its produce * . * The term capital is employed , we think , by Smith and most other ...
... employment , in production , -to which we would add ( in order to exclude ambiguity as far as possible ) -with a view to profit by the sale of its produce * . * The term capital is employed , we think , by Smith and most other ...
Page 143
... employment or consumption by others , are of course as much his property , as if he had intended them for his own use , and he has the right to dispose of them to those who want them ' any sort of action or operation , whether performed ...
... employment or consumption by others , are of course as much his property , as if he had intended them for his own use , and he has the right to dispose of them to those who want them ' any sort of action or operation , whether performed ...
Other editions - View all
Common terms and phrases
accumulated acquired Adam Smith advantages afford agriculture amount arts benefit capital circulating circumstances comforts commerce common condition consequently consumed continually corn CORN-LAWS cost cultivation demand division of labour duce duction duties effect employed employment enjoyment equally evils exchange exclusive exer exertions existence expense extent favourable fertility foreign greater happiness human improvement increase individual industry injury interest invested Ireland labouring class land landlord less likewise limited machinery manufactures means ment mode monopoly natural laws natural right necessary numbers object obtain occupation owner parish parties perhaps persons Political Economy poor poor-law poor-rate population portion possess present principle procure production profit proportion proportionate quantity raw produce rent serf share skill society soil sovereign subsistence sumers supply surplus taxation things tion tithe tivation trade value of money villeins wages waste land wealth
Popular passages
Page 262 - Is not the whole land before thee? separate thyself, I pray thee, from me : if thou wilt take the left hand, then I will go to the right ; or if thou depart to the right hand, then I will go to the left.
Page 174 - 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 18 - Though the earth and all inferior creatures be common to all men, yet every man has a property in his own person. This nobody has any right to but himself. The labour of his body, and the work of his hands, we may say, are properly his.
Page 30 - ... from a determinate spot of ground, because his father had done so before him ; or why the occupier of a particular field or of a jewel, when lying on his death-bed, and no longer able to maintain possession, should be entitled to tell the rest of the world which of them should enjoy it after him.
Page 19 - The labour of his body, and the work of his hands, we may say, are properly his. Whatsoever then he removes out of the state that nature hath provided and left it in, he hath mixed his labour with, and joined to it something that is his own, and thereby makes it his property.
Page 75 - In watchmaking, as Mr. Babbage observes, " it was stated in evidence before a Committee of the House of Commons, that there are a hundred and two distinct branches of this art, to each of which a boy may be put apprentice ; and that he only learns his master's department, and is unable, after his apprenticeship has expired, without subsequent instruction, to work at any other branch. The watch-finisher, whose business...
Page 30 - Pleased as we are with the possession, we seem afraid to look back to the means by which it was acquired, as if fearful of some defect in our title ; or at least we rest satisfied with the decision of the laws in our favour, without examining the reason or authority upon which those laws have been built.
Page 143 - ... any sort of action or operation, whether performed by man, the lower animals, machinery, or natural agents, that tends to bring about a desirable result!
Page 19 - For this labour being the unquestionable property of the labourer, no man but he can have a right to what that is once joined to, at least where there is enough, and as good left in common for others.
Page 146 - The profit obtained by the owner of capital from its productive employment, whether in his own hands or those of another party, to whom it is lent, is to be viewed in the light of a compensation to him for abstaining for a time from the consumption of that portion of his property on his personal gratification...