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Adam Smith advantage afforded aggregate amount applied aptitude belonging bill branch burthen capital cause cent common law constituted course defalcation degree Dispatch Court Judge effect employed Enactive endeavour Equity Court event evil exchequer bills exercise existing expense favour functionaries give given hands increase individual instance instrument JEREMY BENTHAM judicatory justice labour lative legislator less maleficent mass means ment mischief mode nature necessary neral object obligation occasion offences Offences affecting operation paper particular party penal penal law persons portion possession prehension present principle produced profit prohibition proportion proposed punishment purpose quantity question racter rate of interest Ratiocinative reason received regard rendered respect shape sort species spect stock annuities subject-matter suffrage suit supposed taken thence things tion universal suffrage usury whatsoever whole word
Page 24 - It is the highest impertinence and presumption, therefore, in kings and ministers, to pretend to watch over the economy of private people, and to restrain their expense, either by sumptuary laws, or by prohibiting the importation of foreign luxuries. They are themselves always, and without any exception, the greatest spendthrifts in the society. Let them look well after their own expense, and they may safely trust private people with theirs. If their own extravagance does not ruin the state, that...
Page 26 - The statesman, who should attempt to direct private people in what manner they ought to employ their capitals, would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it.
Page 448 - The virtue, spirit, and essence of a House of Commons consists in its being the express image of the feelings of the nation. It was not instituted to be a control upon the people, as of late it has been taught, by a doctrine of the most pernicious tendency. It was designed as a control for the people.
Page 348 - ... unto you, or any three or more of you, full power and authority...
Page 25 - But it is only for the sake of profit that any man employs a capital in the support of industry ; and he will always, therefore, endeavour to employ it in the support of that industry of which the produce is likely to be of the greatest value, or to exchange for the greatest quantity either of money or of other goods.
Page 12 - No law can reduce the common rate of interest below the lowest ordinary market rate at the time when that law is made. Notwithstanding the edict of 1766, by which the French king attempted to reduce the rate of interest from five to four per cent, money continued to be lent in France at five per cent, the law being evaded in several different ways.
Page 25 - To give the monopoly of the home market to the produce of domestic industry, in any particular art or manufacture, is in some measure to direct private people in what manner they ought to employ their capitals, and must, in almost all cases, be either a useless or a hurtful regulation.
Page 21 - ... prodigals and projectors, who alone would be willing to give the high interest. Sober people, who will give for the use of money no more than a part of what they are likely to make by the use of it, would not venture into the competition.
Page 285 - Intense, long, certain, speedy, fruitful, pure — Such marks in pleasures and in pains endure. Such pleasures seek, if private be thy end: If it be public, wide let them extend. Such pains avoid, whichever be thy view: If pains must come, let them extend to few.