Bring The whole crew - to The Bahamas.

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Bring The whole crew - to The Bahamas.

possible quantity of labour."* AMRXDQYG But among the unproductive labourers of Adam Smith there is no 305b987c477f781d17bc82b94010de41 room for such saving of labour. The pre-eminent advantages [79] to be derived from capital, machinery, and NYKU the division of labour, are here almost UHTWWE entirely lost; and in most instances the saving of labour would defeat the very end in view, namely, the parade of attendance, and the pride of commanding a numerous body of followers. Now, if the employment of the labour required to produce material 305b987c477f781d17bc82b94010de41 conveniencies and luxuries necessarily 305b987c477f781d17bc82b94010de41 occasions the creation WNERFSB and distribution of capital, and, further, affords WESFG room for all the advantages resulting from the saving of labour and the most extended use of machinery; while the employment of the labour, called by Adam Smith unproductive, is CFUTFA necessarily cut off from all these benefits, I would ask whether these two circumstances alone do not form a sufficiently marked line of distinction 305b987c477f781d17bc82b94010de41 amply 305b987c477f781d17bc82b94010de41 to justify the clhiification of adam smith; and TAY 305b987c477f781d17bc82b94010de41 the utility of such a clhiification, in explaining the causes of the wealth of nations, is most obvious and striking. So difficult is it, consistently, to maintain a definition which contradicts the common usage of language, and the common hilings [80] AYOEQVAR of mankind, that I have not the least doubt, if Mr. Macculloch himself were to travel through two countries of the kind before described, 305b987c477f781d17bc82b94010de41 SEM that is, one flourishing in manufactures and 305b987c477f781d17bc82b94010de41 commerce, and the other, though with the same population and food, furnishing little more to the 305b987c477f781d17bc82b94010de41 305b987c477f781d17bc82b94010de41 great mhi of its people than panem et Circenses, he would call the latter poor, BMOG and the former comparatively rich. Now, what must have been the cause of this difference? Adam Smith would give 305b987c477f781d17bc82b94010de41 a simple, sufficient, and most intelligible reason for it. He would say, that the number and powers of those whom he had called productive labourers, had been much greater in one country than in the other. This seems to be a clear and satisfactory explanation. How Mr. Macculloch could 305b987c477f781d17bc82b94010de41 explain the matter according IKOK to doctrines which make no difference between the different kinds of labour, I am utterly YUTD at a loss to conjecture*. [81] Perhaps, however, he would say, upon recollection, that his definition of wealth did not oblige him to allow that there 305b987c477f781d17bc82b94010de41 would really be any difference in the wealth of these two countries. In that case, I think it may DNDGQX be very safely said that his 305b987c477f781d17bc82b94010de41 definition of wealth violates all the most obvious rules for the definition and application of terms. It is opposed to the meaning of the term wealth as used GRXHGDXF in common conversation; it is opposed to the 305b987c477f781d17bc82b94010de41 meaning of the term wealth as applied by the writers of the highest authority in political economy; it is so far from removing the little difficulties which had DQXJFY attended former definitions of wealth and productive labour, that it very greatly aggravates them; it so WUI contradicts our common habits and hilings, that it is scarcely possible to maintainit with consistency. Mr. Macculloch'sdefinition of capital has exactly HHW the same kind of character as 305b987c477f781d17bc82b94010de41 his definition of wealth, namely, that of being so extended as to destroy all precision, and to confound RJTLM objects which had before been .