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An Inquiry Into the Nature and Causes of the Wealth of Nations, Volume 2
Visualização integral - 1786
according advantageous afford almoſt America annual produce bank BOOK bounty Britain called capital carried cent CHAP coin colonies commerce commodities confiderable confidered confumption continue corn cultivation demand duties effect employed employment encourage England equal eſtabliſhed Europe European exchange expence exportation fame farmer favour feems fell fhillings fhould five fome fometimes foreign foreign trade France frequently ftate ftill fubject fuch fufficient fupply fuppofed fupport furplus give gold and filver greater hands hundred importation improvement increaſe induſtry inhabitants intereft Italy kind labour land lefs maintain manner manufactures means merchant moft monopoly moſt muft muſt naturally neceffarily neceffary never occafion ordinary paid particular perfon perhaps Portugal pounds prefent probably produce profit prohibition proportion purchaſe quantity regulations render returns ſtock themſelves theſe thing thofe thoſe tion town trade wealth whole
Página 181 - ... 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. Nor is it always the worse for the society that it was no part of it. By pursuing his own interest he frequently promotes that of the society more effectually than when he really intends to promote it.
Página 182 - ... 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 16 - It tends therefore to increase the exchangeable value of the annual produce of the land and labour of the country. It puts into motion an additional quantity of industry, which gives an additional value to the annual produce.
Página 182 - It is the maxim of every prudent master of a family never to attempt to make at home what it will cost him more to make than to buy.
Página 183 - What is prudence in the conduct of every private family, can scarce be folly in that of a great kingdom. If a foreign country can supply us with a commodity cheaper than we ourselves can make it, better buy it of them with some part of the produce of our own industry, employed in a way in which we have some advantage.
Página 22 - The uniform, constant, and uninterrupted effort of every man to better his condition, the principle from which public and national, as well as private opulence is originally derived...
Página 183 - ... make it, better buy it of them with some part of the produce of our own industry employed in a way in which we have some advantage. The general industry of the country, being always in proportion to the capital which employs it, will not thereby be diminished, no more than that of the abovementioned artificers; but only left to find out the way in which it can be employed with the greatest advantage.
Página 52 - The capital employed in agriculture, therefore, not only puts into motion a greater quantity of productive labour than any equal capital employed in manufactures, but, in proportion too to the quantity of productive labour which it employs, it adds a much greater value to the annual produce of the land and labour of the country, to the real wealth and revenue of its inhabitants. Of all the ways in which a capital can be employed, it is by far the most advantageous to the society.
Página 185 - By means of glasses, hotbeds, and hotwalls, very good grapes can be raised in Scotland, and very good wine too can be made of them at about thirty times the expense for which at least equally good can be brought from foreign countries. Would it be a reasonable law to prohibit the importation of all foreign wines, merely to encourage the making of claret and burgundy in Scotland?