Protection and Bad Times: With Special Reference to the Political Economy of English Colonization

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Página 100 - It is when the market price of labour exceeds its natural price, that the condition of the labourer is flourishing and happy, that he has it in his power to command a greater proportion of the necessaries and enjoyments of life, and therefore to rear a healthy and numerous family.
Página 54 - In the particular circumstances of a given age or nation, there is scarcely anything, really important to the general interest, which it may not be desirable, or even necessary, that the government should take upon itself, not because private individuals cannot effectually perform it, but because they will not.
Página 154 - His abilities in both these respects are generally in proportion to the extent of his stock, or to the number of people whom it can employ. The quantity of industry, therefore, not only increases in every country with the increase of the stock which employs it, but, in consequence of that increase, the same quantity of industry produces a much greater quantity of work.
Página 165 - It is common to all men, and to be found in no other race of animals, which seem to know neither this nor any other species of contracts.
Página 36 - Letting alone, in short, should be the general practice: every departure from it, unless required by some great good, is a certain evil.
Página 124 - Eustatia, the two principal islands belonging to the Dutch, are free ports open to the ships of all nations; and this freedom, in the midst of better colonies whose ports are open to those of one nation only, has been the great cause of the prosperity of those two barren islands.
Página 186 - In these cases, the mode in which the government can most surely demonstrate the sincerity with which it intends the greatest good of its subjects, is by doing the things which are made incumbent on it by the helplessness of the public, in such a manner as shall tend not to increase and perpetuate but to correct that helplessness.
Página 172 - Rae, that nothing has a greater tendency to promote improvements in any branch of production, than its trial under a new set of conditions. But it cannot be expected that individuals should, at their own risk, or rather to their certain loss, introduce a new manufacture...
Página 37 - Projects of mining, instead of replacing the capital employed in them, together with the ordinary profits of stock, commonly absorb both capital and profit. They are the projects, therefore, to which of all others a prudent lawgiver, who desired to increase the capital of his nation, would least choose to give any extraordinary encouragement, or to turn towards them a greater share of that capital than what would go to them of its own accord.
Página 229 - Party may for the moment be out of humour ; but under these circumstances he must console himself with the reflection that these spasmodic castigations are as transitory and innocuous as the discipline applied occasionally to their idol by the unsophisticated worshippers of Mumbo Jumbo when their harvests are short or a murrain visits their flocks.

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