...Enquiry into the Nature and Causes of the Wealth of Nations " (vol. ip 9), says that " the annual labor of every nation is the fund which originally supplies...conveniences of life which it annually consumes, and which consists always, either in the immediate product of that labor, or in what is purchased with that product...

...order to mark the opposition of his system to that of the Physiocrates, Smith begins his work — " The annual labour of every nation is the fund which...is purchased with that produce from other nations." And, though he gives no actual definition of wealth, he constantly speaks of the " annual produce of...

...order to mark the opposition of his system to that of the Physiocrates, Smith begins his work — " The annual labour of every nation is the fund which...conveniences of life, which it annually consumes, and which consists always either in the immediate produce of that labour, or in what is purchased with that produce...

...overlooked the importance of labour. Smith, as a reaction against this, begins his work by saying that the annual labour of every nation is the fund which...conveniences of life which it annually consumes ! And, after describing the effects of the division of labour, he says that a man is rich or poor according...

...this, begins his work by saying that the annual labour of 1 Political and Social Economy, p. 22. * every nation is the fund which originally supplies...conveniences of life which it annually consumes ! And, after describing the effects of the division of labour, he says that a man is rich or poor according...

...AN INQUIRY INTO THK NATURE AND CAUSES OF THE WEALTH OF NATIONS. INTRODUCTION AND PLAN OF THE WORK. THE annual labour of every nation is the fund which...originally supplies it with all the necessaries and conveniencies of life which it annually consumes, and which consist always either in the immediate...

...one gold coin, 20, 40, 60, or 80 silver ones, &c. &c. Example. " The annual labour of every nation the fund which originally supplies it with all the...conveniences of life which it annually consumes." Languages differ much in the power of concisely representing ideas. Thus a Logical Proposition of which...

...somewhat more subtle nature appertain to the words CONSUME and CONSUMPTION. Smith begins his work thus — "The annual labour of every nation is the fund which originally supplies it with all the iieccssaries and conveniences of life which it annually consumes." Now what is the meaning of consumes...

...or 80 silver ones, &c. &c. Example. " The annual labour of the fund which originally every nation " supplies it with all the necessaries and conveniences of life which it annually consumes." Languages differ much in the power of concisely representing ideas. Thus a Logical Proposition of which...

...Political Economy in Europe.' YOUNG, ARTHUB. ' Tours.' INTEODUCTION INTRODUCTION AND PLAN OF THE WORK. THE annual labour of every nation is the fund which...supplies it with all the necessaries and conveniences which it consumes. These necessaries, &c., consist either in the immediate produce of that labour,...