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ADAM SMITH advantages afford altogether annual produce artificers and manufacturers augment cattle circulating capital commodities commonly competition consumed consumption corporation laws cultivation dealers different employments division of labour effectual demand endeavours equal quantities exchange expense farmer foreign trade frequently George III gold and silver high or low improvement increase industry interest justices of peace Kelp Kirkcaldy labour and stock land and labour landlord less maintain maintenance manner masters ment merchants metals money price nations natural price necessarily necessary neighbourhood never obliged occasion ordinary profits ordinary rate paid parish particular poor pounds price of labour produce of land productive labour profits of stock proportion purchase quantity of labour raise rate of profit regulate rent of land revenue rude produce Scotland seldom sell society sometimes sort Spanish West Indies subsistence sufficient surplus tion town wages and profit wages of labour wealth whole workmen
Página ix - It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard to their own interest.
Página vi - ... without the assistance and co-operation of many thousands, the very meanest person in a civilized country could not be provided, even according to, what we very falsely imagine, the easy and simple manner in which he is commonly accommodated.
Página 53 - People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.
Página xi - Each animal is still obliged to support and defend itself, separately and independently, and derives no sort of advantage from that variety of talents with which nature has distinguished its fellows. Among men, on the contrary, the most dissimilar geniuses are of use to one another; the different produces of their respective talents, by the general disposition to truck, barter, and exchange, being brought, as it were, into a common stock, where every man may purchase whatever part of the produce...
Página viii - But man has almost constant occasion for the help of 'his brethren, and it is in vain for him to expect it from their benevolence only.
Página 9 - the word Value has two different meanings, and sometimes expresses the utility of some particular object, and sometimes the power of purchasing other goods which the possession of that object conveys. The one may be called value in use; the other value in exchange.
Página vii - Compared, indeed, with the more extravagant luxury of the great, his accommodation must no doubt appear extremely simple and easy; and yet it may be true, perhaps, that the accommodation of an European prince does not always so much exceed that of an industrious and frugal peasant, as the accommodation of the latter exceeds that of many an African king, the absolute master of the lives and liberties of ten thousand naked savages.
Página 45 - If in the same neighbourhood, there was any employment evidently either more or less advantageous than the rest, so many people would crowd into it in the one case, and so many would desert it in the other, that its advantages would soon return to the level of other employments.