Every improvement in the circumstances of the society tends either directly or indirectly to raise the real rent of land, to increase the real wealth of the landlord, his power of purchasing the labour, or the produce of the labour of other people.
The facility which this revenue gives for borrowing money is what has enabled the greater part of Europe to accumulate a capital of such a magnitude.
The value of a commodity, or the quantity of any other commodity for which it will exchange, depends on the relative quantity of labor which is necessary for its production, and not on the greater or less compensation which is paid for that labor.
Rent is that portion of the produce of the earth which is paid to the landlord for the use of the original and indestructible powers of the soil.
The improvement of the productive powers of labor, and the greater part of the skill, dexterity, and judgement with which it is anywhere directed or applied, seem to have been the effects of division of labor.
Free trade enables the most advantageous distribution of the national produce and revenue.
The great object of all regulations is to secure the utmost quantity of useful produce.
Trade between two countries can be mutually beneficial, even if one of them is less efficient in the production of all commodities.
Land is a peculiar commodity, which is different from all others, and the quantity of it is always fixed and limited.
Wages depend on the price of necessaries required for the support of the laborer.
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