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Adam Smith advantage agricultural amount Bank of England capitalist cause circulating capital circumstances cloth commodities competition condition consequence consumed cost of production cottier crease cultivation currency dealers degree demand depend diminished duce duction effect employed employment England English equal equivalent exchange exertion exist expense exports farmers farms favourable foreign France funds Germany greater human hundred quarters important improvement increase industry interest labouring class land landlord law of value less limited linen manufacture means ment metals metayer mode nations natural necessary obtained operations paid payment peasant proprietors permanent persons political economy population portion possession principle produce profit proportion purchase quantity rate of profit remuneration rent rise saving society soil subsistence sufficient supply suppose tenant things tical tion tivated trade unproductive value of money wages wealth whole
Page 483 - The subjects of every State ought to contribute to the support of the Government as nearly as possible in proportion to their respective abilities; that is, in proportion to the revenue which they respectively enjoy under the protection of the State.
Page 573 - Letting alone, in short, should be the general practice: every departure from it, unless required by some great good, is a certain evil.
Page 197 - I cordially subscribe to the remark of one of the greatest thinkers of our time, who says of the supposed differences of race, "of all vulgar modes of escaping from the consideration of the effect of social and moral influences on the human mind, the most vulgar is that of attributing the diversities of conduct and character to inherent natural differences.
Page 483 - Every tax ought to be levied at the time, or in the manner, in which it is most likely to be convenient for the contributor to pay it.
Page 455 - Hitherto it is questionable if all the mechanical inventions yet made have lightened the day's toil of any human being. They have enabled a greater population to live the same life of drudgery and imprisonment, and an increased number of manufacturers and others to make large fortunes.
Page 484 - Thirdly, by the forfeitures and other penalties which those unfortunate individuals incur who attempt unsuccessfully to evade the tax, it may frequently ruin them, and thereby put an end to the benefit which the community might have received from the employment of their capitals.
Page 123 - The laws and conditions of the Production of wealth partake of the character of physical truths. There is nothing optional or arbitrary in them.
Page 575 - Now any well-intentioned and tolerably civilized government may think without presumption that it does or ought to possess a degree of cultivation above the average of the community which it rules, and that it should, therefore, be capable of offering better education and better instruction to the people, than the greater number of them would spontaneously select. Education, therefore, is one of those things which it is admissible in principle that a government should provide for the people.
Page 378 - Gold and silver having been chosen for the general medium of circulation, they are, by the competition of commerce, distributed in such proportions amongst the different countries of the world, as to accommodate themselves to the natural traffic which would take place if no such metals existed, and the trade between countries were purely a trade of barter.
From Google Scholar
Robert A Mundell - 1961 - The American Economic Review
Theodore W Schultz - 1975 - Journal of Economic Literature
Paul J Zak, Stephen Knack - 2001 - Economic Journal
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Jacob A Frenkel - 1976 - The Scandinavian Journal of Economics
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