One product is always ultimately bought with another, even when paid for in the first instance with money.
regulation is useful and proper, when aimed at the prevention of fraud or contrivance, manifestly injurious to other kinds of production, or to the public safety, and not at prescribing the nature of the products and the methods of fabrication.
When a tree, a natural product, is felled, is society put into possession of no greater produce than that of the mere labour of the woodman?
The occupation of the stock-jobber yields no new or useful product; consequently having no product of his own to give in exchange, he has no revenue to subsist upon, but what he contrives to make out of the unskilfulness or ill-fortune of gamesters like himself.
The celebrated Adam Smith was the first to point out the immense increase of production, and the superior perfection of products referable to this division of labour.
The most effectual encouragement to population is, the activity of industry, and the consequent multiplication of the national products.