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On The Principles of Political Economy and Taxation Part 1
March 21, 2012
PREFACE The produce of the earth — all that is derived from its surface by the united application of labour, machinery, and capital, is divided among three classes of the community; namely, the proprietor of the land, the owner of the stock or capital necessary for its cultivation, and the labourers by whose industry it […]
An Inquiry Into the Nature and Causes of the Wealth of Nations Book 5
March 21, 2012
BOOK FIVE OF THE REVENUE OF THE SOVEREIGN OR COMMONWEALTH CHAPTER I: Of the Expenses of the Sovereign or Commonwealth ——————————————————————————– PART 1 Of the Expense of Defence THE first duty of the sovereign, that of protecting the society from the violence and invasion of other independent societies, can be performed only by means of […]
An Inquiry Into the Nature and Causes of the Wealth of Nations Book 4
March 21, 2012
BOOK FOUR INTRODUCTION ——————————————————————————– OF SYSTEMS OF POLITICAL ECONOMY POLITICAL economy, considered as a branch of the science of a statesman or legislator, proposes two distinct objects: first, to provide a plentiful revenue or subsistence for the people, or more properly to enable them to provide such a revenue or subsistence for themselves; and secondly, […]
An Inquiry Into the Nature and Causes of the Wealth of Nations Book 3
March 21, 2012
BOOK THREE CHAPTER ONE ——————————————————————————– OF THE DIFFERENT PROGRESS OF OPULENCE IN DIFFERENT NATIONS Of the Natural Progress of Opulence THE great commerce of every civilised society is that carried on between the inhabitants of the town and those of the country. It consists in the exchange of rude for manufactured produce, either immediately, or […]
An Inquiry Into the Nature and Causes of the Wealth of Nations Book 2
March 21, 2012
BOOK TWO – INTRODUCTION OF THE NATURE, ACCUMULATION, AND EMPLOYMENT OF STOCK ——————————————————————————– IN that rude state of society in which there is no division of labour, in which exchanges are seldom made, and in which every man provides everything for himself, it is not necessary that any stock should be accumulated or stored up […]
An Inquiry Into the Nature and Causes of the Wealth of Nations Book 1
March 21, 2012
BOOK ONE OF THE CAUSES OF IMPROVEMENT IN THE PRODUCTIVE POWERS. OF LABOUR, AND OF THE ORDER ACCORDING TO WHICH ITS. PRODUCE IS NATURALLY DISTRIBUTED AMONG THE DIFFERENT RANKS OF THE PEOPLE. CHAPTER I ——————————————————————————– Of the Division of Labour THE greatest improvement in the productive powers of labour, and the greater part of the […]
450-350 BC
March 19, 2012
Monetary History of the World 450-350 BC by Martin A. Armstrong The Battle of Marathon and the Monetary System The Persian invasion of the Greeks in Asia Minor, under which Lydia fell to King Cyrus, marked the beginning of the legendary struggle between the Greeks and the Persians. The Greek cities in Asia Minor finally […]
Money and the Evolution of Banking
March 19, 2012
The Origins of Money Chapter II By Martin A. Armstrong Money and the Evolution of Banking While prostitution has long been regarded as the first profession and lawyers as close second, the banking profession is clearly the third oldest known to humankind. The invention of banking preceded that of coinage by several thousand years. Banking […]
Anatomy of a Debt Crisis that appears, only Julius Caesar ever understood.
March 19, 2012
Copyright Martin A. Armstrong, all right reserved March 18th, 2012 Please register for Special Updates ArmstrongEconomics.COM / Princeton Economic Institute Copyright Martin A. Armstrong All Rights Reserved Disclaimer: Futures, Options, and Currency trading all have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to […]
The End of Time?
March 16, 2012
Copyright May 22nd, 2011 Please register for Special Updates and Please send comments and suggestions to ArmstrongEconomic.COM Copyright Martin A. Armstrong All Rights Reserved This Report may be forwarded as you like without charge to individuals or governments around the world. It is provided as a Public Service at this time without cost because of […]
