Publisher's Synopsis
Excerpt from An Inquiry Into the Causes and Modes of the Wealth of Individuals, or the Principles of Trade and Speculation Explained: In Two Parts
He may more particularly observe, that what is laid down in the following pages as the second, and as he conceives the distinguishing, principle of trade, is not noticed by Dr Adam Smith, who is properly regarded as the greatest authority on the subject of Political Economy, nor by any other writer so far as the Au thor is acquainted. With regard to the third, Dr Adam Smith justly observes The dealer who can employ his whole stock in one single branch of busi ness, has an advantage of the same kind with the work man who can employ his whole labour in one single operation. As the latter acquires a dexterity which enables him, with the same two hands, to perform a much greater quantity of work; so the former ac quires so easy and ready a method of transacting his business, of buying and disposing of his goods, that, with the same capital, he can transact a much greater quantity of business - which the Author conceives to be, with explanation, the chief reason on which that principle is founded, although not perhaps the sole.
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