The Wealth of Nations
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Adam Smith. The Wealth of Nations
The Wealth of Nations
Table of Contents
Introduction and plan of the work
Part 1. 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 1. Of the Division of Labour
Chapter 2. Of the Principle which gives Occasion to the Division of Labour
Chapter 3. That the Division of Labour is limited by the Extent of the Market
Chapter 4. Of the Origin and Use of Money
Chapter 5. Of the real and nominal Price of Commodities, or of their Price in Labour, and their Price in Money
Chapter 6. Of the component Parts of the Price of Commodities
Chapter 7. Of the natural and market Price of Commodities
Chapter 8. Of the Wages of Labour
Chapter 9. Of the Profits of Stock
Chapter 10. Of Wages and Profit in the different Employments of Labour and Stock
Part 1: Inequalities arising from the Nature of the Employments themselves
Part 2: Inequalities by the Policy of Europe
Chapter 11. Of the Rent of Land
===Part 1: Of the Produce of Land which always affords Rent===
===Part 2: Of the Produce of Land which sometimes does, and sometimes does not, afford Rent===
===Part 3: Of the Variations in the Proportion between the respective Values of that Sort of Produce which always affords Rent, and of that which sometimes does and sometimes does not afford Rent===
1. First Period
2. Second Period
3. Third Period
VARIATIONS IN THE PROPORTION BETWEEN THE RESPECTIVE VALUES OF GOLD AND SILVER
GROUNDS OF THE SUSPICION THAT THE VALUE OF SILVER STILL CONTINUES TO DECREASE
DIFFERENT EFFECTS OF THE PROGRESS OF IMPROVEMENT UPON THREE DIFFERENT SORTS OF RUDE PRODUCE
4. First Sort
5. Second Sort
6. Third Sort
CONCLUSION OF THE DIGRESSION CONCERNING THE VARIATIONS IN THE VALUE OF SILVER
EFFECTS OF THE PROGRESS OF IMPROVEMENT UPON THE REAL PRICE OF MANUFACTURES
7. Conclusion of the chapter
Part 2. Of the Nature, Accumulation, and Employment of Stock
Chapter 1. Of the Division of Stock
Chapter 2. Of Money considered as a particular Branch of the general Stock of the Society, or of the Experience of maintaining the National Capital
Chapter 3. Of the Accumulation of Capital, or of productive and unproductive Labour
Chapter 4. Of Stock lent at Interest
Chapter 5. Of the different Employment of Capitals
Part 3. Of the different Progress of Opulence in different Nations
Chapter 1. Of the Natural Progress of Opulence
Chapter 2. Of the Discouragement of Agriculture in the ancient State of Europe after the Fall of the Roman Empire
Chapter 3. Of the Rise and Progress of Cities and Towns, after the Fall of the Roman Empire
Chapter 4. How the Commerce of the Towns contributed to the Improvement of the Country
Part 4. Of Systems of political Economy
Chapter 1. Of the Principle of the commercial, or mercantile System
Chapter 2. Of Restraints upon the Importation from foreign Countries of such Goods as can be produced at Home
Chapter 3. Of the extraordinary Restraints upon the Importation of Goods of almost all Kinds, from those Countries with which the Balance is supposed to be disadvantageous
1. Of the Unreasonableness of those Restraints even upon the Principles of the Commercial System
DIGRESSION CONCERNING BANKS OF DEPOSIT, PARTICULARLY CONCERNING THAT OF AMSTERDAM
2. Of the Unreasonableness of those extraordinary Restraints upon other Principles
Chapter 4. Of Drawbacks
Chapter 5. Of Bounties
DIGRESSION CONCERNING THE CORN TRADE AND CORN LAWS
Chapter 6. Of Treaties of Commerce
Art. I
Art. II
Art. III
Chapter 7. Of Colonies
1. Of the Motives for establishing new Colonies
2. Causes of Prosperity of New Colonies
3. Of the Advantages which Europe has derived from the Discovery of America, and from that of a Passage to the East Indies by the Cape of Good Hope
Chapter 8. Conclusion of the Mercantile System
Chapter 9. Of the Agricultural Systems, or of those Systems of Political Economy, which represent the Produce of Land, as either the sole or the principal Source of the Revenue and Wealth of every Country
Part 5. Of the Revenue of the Sovereign or Commonwealth
Chapter 1. Of the Expences of the Sovereign or Commonwealth
1. Of the Expense of Defence
2. Of the Expense of Justice
3. Of the Expense of Public Works and Public Institutions
Article 1: Of the Public Works and Institutions for facilitating the Commerce of the Society And, first, of those which are necessary for facilitating Commerce in general
Article II: Of the Expense of the Institutions for the Education of Youth
Article III: Of the Expense of the Institutions for the Instruction of People of all Ages
4. Of the Expense of Supporting the Dignity of the Sovereign
5. Conclusion
Chapter 2. Of the Sources of the general or public Revenue of the Society
1. Of the Funds or Sources of Revenue which may peculiarly belong to the Sovereign or Commonwealth
2. Of Taxes
Article I: Taxes upon Rent. Taxes upon the Rent of Land
Article II: Taxes on Profit, or upon the Revenue arising from Stock
Appendix to Articles I and II
Article III Taxes upon the Wages of Labour
Article IV: Taxes which, it is intended, should fall indifferently upon every different Species of Revenue
Chapter 3. Of public Debts
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Adam Smith
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The exclusive privileges of corporations are the principal means it makes use of for this purpose.
The exclusive privilege of an incorporated trade necessarily restrains the competition, in the town where it is established, to those who are free of the trade. To have served an apprenticeship in the town, under a master properly qualified, is commonly the necessary requisite for obtaining this freedom. The bye laws of the corporation regulate sometimes the number of apprentices which any master is allowed to have, and almost always the number of years which each apprentice is obliged to serve. The intention of both regulations is to restrain the competition to a much smaller number than might otherwise be disposed to enter into the trade. The limitation of the number of apprentices restrains it directly. A long term of apprenticeship restrains it more indirectly, but as effectually, by increasing the expense of education.
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