Publisher's Synopsis
This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1825 edition. Excerpt: ... Section II. Means by which the Productive Powers of Labour are increased 1. Security of Property.--2. Division of Employments among Individuals 3. Accumulation and Employment of Capital 4. Division of Employments among Different Countries, or Commerce--Money. The mostcarelessandinattentiveobserverof theprogress of mankind from poverty to affluence must have early perceived that there are three circumstances, without whose conjoint existence andco-operationthey could never have emerged from barbarism. The first, and most indispensable, is the security of property, or a lively and well-founded conviction in the mind of every individual that he will be allowed to dispose at pleasure of the fruits of his labour. The second is the introduction of exchange or barter, and the consequent appropriation of particular individuals to particular employments. And the third is the accumulation and employment of the produce of previous labour, or, as it is more commonly termed, of capital, or stock. All the improvements that have ever been made, or that ever can be made, in the great art of producing the necessaries, comforts, and conveniencies of human life, must be classed under some one or other of these three heads. It is, therefore, indispensable that principles, so important, and which lie at the very bottom of the science, should be well understood? I. Security Of Property.--Security of property is the first and most indispensable requisite to the production of wealth. Its utility in this respect is, indeed, so obvious and striking, that it has been more or less respected in every country, and in the earliest and rudest periods of society. All have been impressed with the reasonableness of the maxim which teaches that those who sow ought to be...