A Project of Empire: A Critical Study of the Economics of Imperialism, with Special Reference to the Ideas of Adam Smith
Macmillan, 1909 - 284 páginas
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Adam Smith advantage agriculture already annual applied argument Book Britain British capital carrying chap chapter colonies commodities companies consideration considered consumer consumption continuous customs defence depends difficulty direct duties economic effect empire employed employment encouragement equal examined example exceptions expense experience export foreign trade forms free trade freedom gain give given greater greatest home market home trade ideas imperial importance imposed increase individual industry interests kind labour land laws less manufactures means ment merchants method monopoly natural necessary never object obtained particular passage point of view political possible practical present principle produce productive labour profit prohibitions protection question reason reference regards regulations relations retaliation revenue secure seems society supposed surplus term theory things tion United wages wealth whole
Página 266 - Act, which is similar, either in material, quality, texture, or the use to which it may be applied, to any article enumerated in this Act as chargeable with duty, shall pay the same rate of duty which is levied on the enumerated article which it most resembles in any of the particulars before mentioned...
Página 209 - To found a great empire for the sole purpose of raising up a people of customers, may at first sight appear a project fit only for a nation of shopkeepers.
Página 118 - Consumption is the sole end and purpose of all production ; and the interest of the producer ought to be attended to, only so far as it may be necessary for promoting that of the consumer.
Página 116 - 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 14 - It is not impossible, therefore, that some of the regulations of this famous act may have proceeded from national animosity. They are as wise, however, as if they had all been dictated by the most deliberate wisdom. National animosity at that particular time aimed at the very same object which the most deliberate wisdom would have recommended, the diminution of the naval power of Holland, the only naval power which could endanger the security of England.
Página 186 - The discovery of America, and that of a passage to the East Indies by the Cape of Good Hope, are the two greatest and most important events recorded in the history of mankind.
Página iii - The rulers of Great Britain have, for more than a century past, amused the people with the imagination "that they possessed a great empire on the west side of the Atlantic. This empire, however, has hitherto existed in imagination only. It has hitherto been, not an empire, but the project of an empire; not a gold mine, but the project of a gold mine...
Página 109 - It is certainly not employed to the greatest advantage when it is thus directed towards an object which it can buy cheaper than it can make. The value of its annual produce is certainly more or less diminished, when it is thus turned away from producing commodities evidently of more value than the commodity which it is directed to produce.
Página 138 - The statesman, who should attempt to direct private people in what manner they ought to employ their capitals, would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it.
Página 80 - There may be good policy in retaliations of this kind, when there is a probability that they will procure the repeal of the high duties or prohibitions complained of. The recovery of a great foreign market will generally more than compensate the transitory inconveniency of paying dearer during a short time for some sorts of goods.