China Is A Much Richer Country Than

In Raising The Price Of Commodities, The Rise Of Wages Operates In The Same Manner As Simple Interest Does In The Accumulation Of Debt. Our Merchants And Master Manufacturers Complain Much Of The Bad Effects Of High Wages In Raising The Price, And Thereby Lessening The Sale Of Their Goods, Both At Home And Abroad. They Say Nothing Concerning The Bad Effects Of High Profits; They Are Silent With Regard To The Pernicious Effects Of Their Own Gains. They Complain Only Of Those Of Other People.

It Appears, Accordingly, From The Experience Of All Ages And Nations, I Believe, That The Work Done By Freemen Comes Cheaper In The End Than That Performed By Slaves.

The Learned Ignore The Evidence Of Their Senses To Preserve The Coherence Of The Ideas Of Their Imagination.

The Annual Labour Of Every Nation Is The Fund Which Originally Supplies It With All The Necessaries And Conveniencies Of Life Which It Annually Consumes, And Which Consist Always Either In The Immediate Produce Of That Labour, Or In What Is Purchased With That Produce From Other Nations.

Every Individual Is Continually Exerting Himself To Find Out The Most Advantageous Employment For Whatever Capital He Can Command. It Is His Own Advantage, Indeed, And Not That Of The Society Which He Has In View. But The Study Of His Own Advantage Naturally, Or Rather Necessarily, Leads Him To Prefer That Employment Which Is Most Advantageous To Society... He Intends Only His Own Gain, And He Is In This, As In Many Other Cases, Led By An Invisible Hand To Promote An End Which Was Not Part Of His Intention