Sublime

temps). Une décennie plus tard, Adam Smith y alla de sa propre définition, mais suivit Steuart en considérant l’économie politique comme une science, tournée vers un but. Elle avait, disait-il, « deux objets distincts : le premier, de procurer au peuple un revenu ou une subsistance abondante, ou, pour mieux dire, de le mettre en état de se procurer

bestows

The greatest improvements in the productive powers of labour, and the greater part of the skill, dexterity, and judgment, with which it is anywhere directed, or applied, seem to have been the effects of the division of labour.

When the quantity brought to market is just sufficient to supply the effectual demand, and no more, the market price naturally comes to be either exactly, or as nearly as can be judged of, the same with the natural price. The whole quantity upon hand can be disposed of for this price, and can not be disposed of for more. The competition of the diff

tenfold,

“Money has been the oil that has kept the wheels of society turning and allowed the complexity of our present civilization to develop, but credit, the centralized creation of money, interest, and particularly compound interest, have seriously destabilized the relationship between money and the goods and services, or wealth, it originally represente

The natural price itself varies with the natural rate of each of its component parts, of wages, profit, and rent; and in every society this rate varies according to their circumstances, according to their riches or poverty, their advancing, stationary, or declining condition. I shall, in the four following chapters, endeavour to explain, as fully a

By justice, Smith means the virtue of not injuring or harming others. By prudence, Smith means the virtue of taking care of oneself using both foresight—looking down the road to assess the consequences of our action—and self-control, the ability to give up something today in return for a greater gain in the future: