The Evolution of Modern Capitalism: A Study of Machine Production

Adam Smith advantage agriculture applied Bonamy Price capital and labour cent character classes commerce commodities competition condition considerable consume consumption cotton cotton industry depression displacement district of England duction economic effect efficiency eighteenth century employed employment enable engaged England English excess export factory system fall of prices forces foreign forms of capital Germany growth hand high wages higher human important improved increased individual inventions iron J. S. Mill Lancashire large number larger less machine machine-industry machine-production manu manufacture mechanical ment methods mills modern industrial modern machinery monopoly nations operative organised output over-consumption over-supply population processes profits progress proportion quantity railway raw material regarded relation retail saving Schulze-Gaevernitz skill social South Improvement Company specialisation spinning Standard Oil Standard Oil Trust statistics steam supply tendency textile industries tion town trade transport wealth Wealth of Nations weaving women woollen workers