...their price is likely to rise, and to sell them when it is likely to fall. Thirdly, This equality in the whole of the advantages and disadvantages of the different employments of labour and stock, can take place only in such as are the sole or principal employments of those who occupy them. When...

...increase of wages, and decrease as the price of bread rises. Dr Smith has justly observed*, " that the ** advantages and disadvantages of the different " employments of labour and stock must, in the " same neighbourhood, be either perfectly equal, " or continually tending to equality. If, in...

...merely overlooked it, but several of them have argued as if no such thing existed. Dr. A. Smith says, " The whole of the advantages and disadvantages of the different employments of labour and stock (or capital) must, in the same neighbourhood, be either perfectly equal, or continually tending to...

...sufficient for my purpose in the present section. As introductory to the subject Dr Smith observes, — " The whole of the advantages and disadvantages of the different employments of labour and stock must, in the same neighbourhood, be either perfectly equal, or continually tending to equality. If in the...

...would otherwise be disposed to enter into them, occasions a very important inequality in the whole-of the advantages and disadvantages of the different employments of labour and stock*. Secondly, the policy of Europe, by increasing the competition in some employments beyond what it naturally...

...have followed exclusively either of these employments for a livelihood. Such are the inequalities in the whole of the advantages and disadvantages of the different employments of labour, arising from the nature of the employments, even where there is perfect freedom of choice. But the...

...labourer ten times the amount necessary for the subsistence of a family. Adam Smith has laid down, that " the whole of the advantages and disadvantages of the different employments of labour and capital must, in the same neighbourhood, be either perfectly equal, or continually tending to equality....

...employment, and from place to place. "First, The policy of Europe occasions a very important inequality in the whole of the advantages and disadvantages of the different employments of labour and stock, by restraining the competition in some employments to a smaller number than might otherwise be disposed...

...employment, and from place to place. " First, The policy of Europe occasions a very important inequality in the whole of the advantages and disadvantages of the different employments of labour and stock, by restraining the competition in some employments to a smaller number than might otherwise be disposed...

...established and well known, the competition reduces them to the level of other trades. II. This equality in the whole of the advantages and disadvantages of the different employments of labour and stock, can take place only in the ordinary, or what may be called the natural, state of those employments....