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" The third and last duty of the sovereign or commonvealth is that of erecting and maintaining those public institutions and those public works, which, though they may be in the highest degree advantageous to a great society, are, however, of such a nature,... "
Rationalizing Capitalist Democracy: The Cold War Origins of Rational Choice ... - Sivu 19
tekijä(t) S.M. Amadae - 2003 - 401 sivua
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Chambers's Edinburgh journal, conducted by W. Chambers. [Continued ..., Nide 9

Chambers's journal - 1858 - 432 sivua
...short, as Adam Smith pronounces it the duty of a sovereign to 'erect and maintain' — works ' which, though they may be in the highest degree advantageous to a great society, arc, however, of such a nature as that the profit could never repay the expense, and which it cannot...

Grundlegung der theoretischen staatswirthschaft

Emil Sax - 1887 - 614 sivua
...Motivirung seiner dritten Classe von Ausgaben des Staates: „Public works and public institutions, which, though they may be in the highest degree advantageous...to a great society, are, however, of such a nature, thattlie profit could never repay the expense to any individual, or small number of individuals, and...

La formation du radicalisme philosophique ...

Élie Halévy - 1901 - 480 sivua
...commonvealth is that of erecting and maintaining those public institutions and those public works, which, though they may be in the highest degree advantageous...society, are, however, of such a nature, that the prof,t could never repay the expense to any individual or small number of individuals, and which it,...

The Collected Scientific Papers of Paul A. Samuelson, Nide 2

Paul Anthony Samuelson - 1966 - 1062 sivua
...external aggressors, maintenance of order at home, and erecting those public institutions and works "which though they may be in the highest degree advantageous to a great society, could never repay the expense to any individual." We could interpret the last of these in so broad...
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Pragmatic Liberalism

Charles W. Anderson - 1994 - 238 sivua
..."duty of the sovereign" to erect and maintain "those public institutions and those public works which, though they may be in the highest degree advantageous to a great society, are ... of such a nature that the profit could never repay the expense to any individual or small number...
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Incomes Policies in the Wider Context: Wage, Price, and Fiscal Initiatives ...

Felix Paukert, Derek Robinson - 1992 - 276 sivua
...the third duty that of "erecting and maintaining those public institutions . . . and works, which, though they may be in the highest degree advantageous to a great society, . . . could never repay the expense to any individual . . . and which it therefore cannot be expected...
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Anti-libertarianism: Markets, Philosophy, and Myth

Alan Haworth - 1994 - 172 sivua
...commonwealth is that of erecting and maintaining those public institutions and those public works which, though they may be in the highest degree advantageous...society, are, however, of such a nature, that the proftt could never repay the expense to any individual, and which it therefore cannot be expected that...
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Adam Smith: Critical Assessments, Nide 3

John Cunningham Wood - 1993 - 664 sivua
...those public works (eg. roads, bridges, canals, harbors, and to a lesser extent, education) which, "though they may be in the highest degree advantageous...great society, are. however, of such a nature, that profit could never repay the expense to any individual or small number of individuals." | Wealth, p....
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Reappraising Political Theory: Revisionist Studies in the History of ...

Terence Ball - 1994 - 330 sivua
...'invisible hand'. Rather, they require the more visible hand of the state for their support. Although 'they may be in the highest degree advantageous to a great society', such public works are neither profitable nor self-supporting and must therefore be supported by the...
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Economics as Ideology and Experience: Essays in Honour of Ashok Mitra

Deepak Nayyar - 1998 - 318 sivua
...- the important one of erecting and maintaining those public institutions and public works [which], though they may be in the highest degree advantageous to a great society, are, however, of such nature that the profit could never repay the expenses to any individual or small number of individuals,...
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