...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...is purchased with that produce from other nations." ' Plain reason tells us that " the real wealth" of a society is "the annual produce of the land and...

...remembered — that capital, although saved, is always being consumed, and that, as Adam Smith says, " the annual labour of every nation is the fund which...conveniences of life which it annually consumes." If this learning is somewhat too musty, at any rate the American statistician, Mr Atkinson, may be...

...Bicardo and Bastiat. In the very first sentence of his famous book Adam Smith says, " The annual labor of every nation is the fund which originally supplies...and conveniences of life which it annually consumes ; " 1 and again, more expressly, " Labor alone, therefore, never varying in its own value, is alone...

...troubling himself about definitions, the author launches in medias res in his first sentence : — " 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...

...troubling himself about definitions, the author launches in medias res in his first sentence : — " 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...

...human nature. In the opening words of the Wealth of Nations he traces wealth to its original source in labour. ' The annual labour of every nation is the...either in the immediate produce of that labour, or what is purchased with that produce from other nations.' His masterpiece abounds with evidence of his...

...AN INQUIRY INTO THE 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...

...reform. Even Adam Smith' began his great treatise on The Wealth of Nations with the statement that " the annual labour of every nation is the fund which...consist always either in the immediate produce of labour, or in what is purchased with that produce from other nations." In this sentence we recognise...

...innovation upon our Constitution, and they are most Conservative who sternly resolve to destroy it. II. " 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 it purchases with that produce from other nations. According, therefore,...

...remembered — that capital, although saved, is always being consumed, and that, as Adam Smith says, " the annual labour of every nation is the fund which...conveniences of life which it annually consumes." If this learning is somewhat too musty, at any rate the American statistician, Mr Atkinson, may be...