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Kindle Notes & Highlights
by
Adam Smith
Started reading
January 7, 2015
pretences
provisions,
recourse
clamour,
civil
magistrate,
en...
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tumultuous
interposition of the civil magistrate,
subsistence,
A man must always live by his work, and his wages must at least be sufficient to maintain him.
Mr Cantillon
Thus far at least seems certain, that, in order to bring up a family, the labour of the husband and wife together must, even in the lowest species of common labour, be able to earn something more than what is precisely necessary for their own maintenance;
When in any country the demand for those who live by wages, labourers, journeymen, servants of every kind, is continually increasing;
the workmen have no occasion to combine in order to raise their wages.
The demand for those who live by wages, it is evident, cannot increase but in proportion to the increase of the funds which are destined to the payment of wages.
funds
re...
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s...
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annuitant,
menial
surplus,
The demand for those who live by wages, therefore, necessarily increases with the increase of the revenue and stock of every country, and cannot possibly increase without it.
national wealth.
demand for those who live by wages, therefore, naturally increases with the increase of national wealth, and cann...
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It is not the actual greatness of national wealth, but its continual increase, which occasions a ...
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sterling,
sterling,
ster...
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ster...
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ster...
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dearth
money price of labour,
opulence
enormities.
The difference between the genius of the British constitution, which protects and governs North America, and that of the mercantile company which oppresses and domineers in the East Indies, cannot, perhaps, be better illustrated than by the different state of those countries.
First, in almost every part of Great Britain there is a distinction, even in the lowest species of labour, between summer and winter wages.
Summer wages are always highest.
But, on account of the extraordinary expense of fuel, the maintenance of a family is ...
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defray
provisions.
affluence
levity
inconstancy
it appears evidently from experience, that man is, of all sorts of luggage, the most di...
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price of labour
not only do not correspond, either in place or time, with those in
price of prov...
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they are frequent...
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oppo...
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