1.16. The more Labor there is in a State, the more the State is Judged Naturally Rich

Update: 2014-12-01

Description

The wealth of a nation depends on putting the labor force to work. Those who are unnecessary for farming can be employed in making higher quality products and manufactured goods, particularly durable goods made from metal. Saving is the key determinant of wealth and gold is a particularly useful form of savings because it can purchase all things, even in time of war. The prince and property owners determine how people will be employed by their consumption choices, while the Catholic Church reduces the resources available to materially sustain the people.

From Part 1: Production, Distribution, and Consumption. Narrated by Millian Quinteros.

Comments

In Channel

3.8. The Refinements of Credit of General Banks

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3.7. Further Explanations and Enquiries as to the Utility of a National Bank

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3.6. Banks and their Credit

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3.5. The Augmentation and Diminution of the Denomination of Money

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3.4. The Variations in the Proportion of Values with Regard to the Metals Used as Money

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3.3. Further Explanations on the Nature of Exchanges

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3.2. On Bills of Exchanges and their Nature

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3.1. Foreign Trade

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2.10. The Causes of Increases and Decreases of the Interest Rate on Money in a State

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2.9. Interest on Money and its Causes

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2.8. Further Reflections on the Increase and Decrease of Money in a State

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2.7. Continuation of the same subject

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2.6. The Increase and Decrease of the Quantity of Money in a State

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2.5. The inequality of the circulation of hard money in a State

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2.4. Further Reflection on the Rapidity or Slowness of the Circulation of Money in Exchange

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2.3. The Circulation of Money

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2.2. Market Prices

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2.1. Barter

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1.17. Metals and Money, and especially of Gold and Silver

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1.16. The more Labor there is in a State, the more the State is Judged Naturally Rich

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1.16. The more Labor there is in a State, the more the State is Judged Naturally Rich

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1.16. The more Labor there is in a State, the more the State is Judged Naturally Rich

Richard Cantillon

1.16. The more Labor there is in a State, the more the State is Judged Naturally Rich