...JR M'cCulloch.3 "The annual labor of every nation is the fund which originally supplies it with nil the necessaries and conveniences of life which it...consist always either in the immediate produce of that labor, or in what is purchased with that produce from other nations." — Adam Smith.4 Whately has...

...obtainable only by means of labor."—JR McCulloch. 3 " The annual labor of every nation is the fond which originally supplies it with all the necessaries...consist always either in the immediate produce of that labor, or in what is purchased with that produce from other nations."—Adam Smith. 4 Whately has grouped...

...Consomption is never used in French Economics to mean Consumption. Smith begins his work thus : — ' The annual labour of every nation is the fund which...conveniences of life which it annually Consumes.' Now what does Consumes mean here ? So far as regards food and clothing, the meaning may be thought...

...the nation," is considerably increased. You will, therefore, see the value of division of labour, as the annual labour of every nation is the fund which...consumes, and which consist always either in the immediate product of that labour, or in what is purchased with that produce from other nations. Accordingly,...

...will, therefore, see the • value of division of labour, as the annual labour of every nation is tbe fund which originally supplies it with all the necessaries...consumes, and which consist always either in the immediate product of that labour, or in what is purchased with that produce from other nations. Accordingly,...

...The Wealth of Nations," which gives little evidence of selfishness: — " The annual labour of eve7-y nation is the fund which originally supplies it with...which it annually consumes, and which consist always of the immediate produce of that labour, or in what is purchased with that produce from other nations."...

...fundamental principle in political economy so clearly laid down by Adam Smith, that " the annual labor of every nation is the fund which originally supplies...conveniences of life which it annually consumes." If this be true then necessarily the trade and wealth of a people increases or diminishes as that fund...

...AX IXQHRY INTO THE NATURE AM) CAUSES THE WEALTH OF NATIONS. INTRODUCTION AND PLAN OF THE WOKK. 1 HE annual labour of every nation is the ' fund which originally supplies it with all the necessaries ana eonveniencies of life which it annually consumes, and which consist always *'ithcr in the immediate...

...objection valid ? 2. What is that which, according to Adam Smith, " originally supplies every nation with all the necessaries and conveniences of life which it annually consumes" ? Shew that the statement is correct. 3. Give from your reading illustrations to shew that the natural...

...1 This is all implied in the opening paragraph of Adam Smith's Wealth of Nations, which reads thus: "The annual labour of every nation is the fund which...is purchased with that produce from other nations." This fundamental principle enunciated by the father of political economy_is almost entirely overlooked...