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abundant Adam Smith advantage agriculture amount anarchism animals bank bargaining become better called chapter commodities competition compulsion consumers consumption coöperation cost crop cultivation demand desire division of labor dollars economic energy enterprise exchange fact factors factors of production farm farmer favor Federal Reserve give grade horse human important income increase individual industry interest invest kind land large number law of value less liberalist luxuries machine manufacturing marginal productivity material means moral nation nature necessary nitrogen owner person plow possess problem profits proportion prosperity purchase quantity reason rent result scarce scarcity sell single tax social society soil spend standard of living sumers sumption sumptuary laws supply surplus taxation things tion transportation United unskilled labor utility wages waste water frame wealth wheat
Страница 61 - By preferring the support of domestic to that of foreign industry, he intends only his own security; and by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain; and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention.
Страница 564 - As soon as the land of any country has all become private property, the landlords, like all other men, love to reap where they never sowed, and demand a rent even for its natural produce.
Страница 121 - A great part of the machines made use of in those manufactures in which labor is most subdivided were originally the inventions of common workmen, who, being each of them employed in some very simple operation, naturally turned their thoughts towards finding out easier and readier methods of performing it.
Страница 257 - In the same class must be ranked some both of the gravest and most important, and some of the most frivolous professions; churchmen, lawyers, physicians, men of letters of all kinds ; players, buffoons, musicians, opera singers, opera dancers, &c.
Страница 258 - Like the declamation of the actor, the harangue of the orator, or the tune of the musician, the work of all of them perishes in the very instant of its production.
Страница 255 - Men of all sorts take a pride to gird at me: the brain of this foolish-compounded clay, man, is not able to invent any thing that tends to laughter, more than I invent, or is invented on me : I am not only witty in myself, but the cause that wit is in other men.
Страница 257 - The labour of the latter, however, has its value and deserves its reward as well as that of the former. But the labour of the manufacturer fixes and realizes itself in some particular subject or vendible commodity, which lasts for some time at least after that labour is past.
Страница 257 - ... is bestowed. But the maintenance of a menial servant never is restored. A man grows rich by employing a multitude of manufacturers; he grows poor by maintaining a multitude of menial servants.