This great
increase of the quantity of work which, in consequence of the division of labor, the same
number of people are capable of performing, is owing to three different circumstances; first,
to the increase of dexterity in every particular workman; secondly, to the saving
of the time which is commonly lost in passing from one species of work to another; and lastly,
to the invention of a great number of machines which facilitate and abridge labor, and
enable one man to do the work of many....
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The Fixer's Manifesto- the future needs fixing - sugru - 0 views
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Modern History Sourcebook: Adam Smith: The Wealth of Nations, 1776 (Epitome) - 0 views
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Man has almost constant occasion for the help of his brethren, and it is in vain for him to expect it from their benevolence only. He will be more likely to prevail if he can interest their self-love in his favor, and show them that it is for their own advantage to do for him what he requires of them. Whoever offers to another a bargain of any kind, proposes to do this. Give me that which I want, and you shall have this which you want, is the meaning of every such offer; and it is in this manner that we obtain from one another the far greater art of those good offices which we stand in need of. It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.
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In order to avoid the inconvenience of such situations, every prudent man in every period of society, after the first establishment of the division of labor, must naturally have endeavored to manage his affairs in such a manner as to have at all times by him, besides the peculiar produce of his own industry, a certain quantity of some one commodity or other, such as he imagined few people would be likely to refuse in exchange for their produce....It is in this manner that money has become in all civilized nations the universal instrument of commerce, by the intervention of which goods of all kinds are bought and sold, or exchanged for one another....
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partly by the general circumstances of the society,
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partly by the particular nature of each employment
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When the price of any commodity is neither more nor less than what is sufficient to pay the rent of the land, the wages of the labor, and the profits of the stock employed in raising, preparing, and bringing it to market, according to their natural rates, the commodity is then sold for what may be called its natural price.
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he market price of every particular commodity is regulated by the proportion between the quantity which is actually brought to market, and the demand of those who are willing to pay the natural price of the commodity, or the whole value of the rent, labor, and profit, which must be paid in order to bring it thither.
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A competition will immediately begin among them, and the market price will rise more or less above the natural price, according as either the greatness of the deficiency, or the wealth and wanton luxury of the competitors, happen to animate more or less the eagerness of the competition.
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quantity brought to market exceeds the effectual demand
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A monopoly granted either to an individual or to a trading company has the same effect as a secret in trade or manufactures.
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When by an increase in the effectual demand, the market price of some particular commodity happens to rise a good deal above the natural price, those who employ their stocks in supplying that market are generally careful to conceal this change
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The exclusive privileges of corporations, statutes of apprenticeship, and all those laws which restrain, in particular employments, the competition to a smaller number than might otherwise go into them, have the same tendency, though in a less degree. They are a sort of enlarged monopolies,
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THE produce of labor constitutes the natural recompense or wages of labor.
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Such combinations, however, are frequently resisted by a contrary defensive combination of the workmen; who sometimes too, without any provocation of this kind, combine of their own accord to raise the price of their labor.....
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Masters, too, sometimes enter into particular combinations to sink the wages of labor even below this rate
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The demand for those who live by wages, therefore, necessarily increases with the increase of the revenue and stock of every country, and cannot possibly increase without it. The increase of revenue and stock is the increase of national wealth....
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It is but equity, besides, that they who feed, clothe, and lodge the whole body of the people, should have such a share of the produce of their own labor as to be themselves tolerably well fed, clothed, and lodged
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First, by restraining the competition in some employments to a smaller number than would otherwise be disposed to enter into them; Second, by increasing it in others beyond what it naturally would be; and, Third, by obstructing the free circulation of labor and stock, both from employment to employment and from place to place.
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by restraining the competition in some employments to a smaller number than might otherwise be disposed to enter into them
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and to hinder him from employing this strength and dexterity in what manner he thinks proper without injury to his neighbor is a plain violation of this most sacred property.
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An exclusive corporation necessarily weakens the force of this discipline.
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by increasing the competition in some employments beyond what it naturally would be
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by obstructing the free circulation of labor and stock both from employment to employment, and from place to place,
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Widget Box - Widget Maker - 0 views
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So, I just used this for my blog: http://tamesequels.blogspot.com, and will shortly be posting a digital literacy lab for this. Basically, if you want to put a blog feed as a widget on another blog, you can customize one for free on this website. It's really easy and it gives you a code at the end of the customization to post. Check out my blog to see one. It's the "My Photography" section, and you'll see how it posts everything from that blog really nicely. A great tool for making your website alive.