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Home > Business and Economics > Economics > An Inquiry Into the Nature and Causes of the Wealth of Nations Volume 2: (English)
An Inquiry Into the Nature and Causes of the Wealth of Nations Volume 2: (English)

An Inquiry Into the Nature and Causes of the Wealth of Nations Volume 2: (English)

          
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About the Book

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1799 edition. Excerpt: ...has mown very clearly, that since the bounty upon the exportation of corn was first established, the price of the corn exported, valued moderately enough, has exceeded that of the corn imported, valued very high, by a much greater sum than the amount of the /whole bounties which have been paid during that period. This, he imagines, upon the true principles of the mercantile system, is a clear proof that this forced corn trade is beneficial to the nation; the value of the exportation exceeding that of the importation by a much greater sum than the whole extraordinary expence which the public has been at in order to get it export-ed. He does not consider that this extraordinary expence, or the bounty, is the smallest part qf the expence which the exportation of corn really costs the society. The capital which the farmer employed in raising it, must likewise be taken into the account. Unless the price of the corn when fold in the foreign markets replaces, not only the bounty, but this capital, together with the ordinary profits of stock, the society is a loser by the difference, or the national stock is so much diminished. But the very reason for which it ha been thought necessary to grant a bounty, is the supposed.insufficiency of the pricg t, Q. do this;' ., '... u-.'..., -: . 64 Th lv.-BOQK-th- average price of corn, it.has been-soid, has fallen considerablysince the establishment of the bounty. That the average price of eorn began to fall somewhat towards the-end of the.-Jast century, and has continued to do so during the course of the sixty-four first years of the presents I have already endeavoured to show. But this, event, supposing it to be real, as I believe, it to be, must have happened in spite of the bounty, and cannot possibly have...


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Product Details
  • ISBN-13: 9781150915727
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 128
  • Series Title: English
  • Weight: 240 gr
  • ISBN-10: 1150915722
  • Publisher Date: 01 Jul 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Spine Width: 7 mm
  • Width: 189 mm


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