An Inquiry into the Nature and Causes of the Wealth of NationsSmith, Adam
History
An Inquiry into the Nature and Causes of the Wealth of Nations
Smith, Adam
Economics
In professions in which there are no benefices, such as law and physic, if
an equal proportion of people were educated at the public expense, the
competition would soon be so great as to sink very much their pecuniary
reward. It might then not be worth any man’s while to educate his son to
either of those professions at his own expense. They would be entirely
abandoned to such as had been educated by those public charities, whose
numbers and necessities would oblige them in general to content themselves
with a very miserable recompence, to the entire degradation of the now
respectable professions of law and physic.
That unprosperous race of men, commonly called men of letters, are pretty
much in the situation which lawyers and physicians probably would be in,
upon the foregoing supposition. In every part of Europe, the greater part
of them have been educated for the church, but have been hindered by
different reasons from entering into holy orders. They have generally,
therefore, been educated at the public expense; and their numbers are
everywhere so great, as commonly to reduce the price of their labour to a
very paltry recompence.
Before the invention of the art of printing, the only employment by which
a man of letters could make any thing by his talents, was that of a public
or private teacher, or by communicating to other people the curious and
useful knowledge which he had acquired himself; and this is still surely a
more honourable, a more useful, and, in general, even a more profitable
employment than that other of writing for a bookseller, to which the art
of printing has given occasion. The time and study, the genius, knowledge,
and application requisite to qualify an eminent teacher of the sciences,
are at least equal to what is necessary for the greatest practitioners in
law and physic. But the usual reward of the eminent teacher bears no
proportion to that of the lawyer or physician, because the trade of the
one is crowded with indigent people, who have been brought up to it at the
public expense; whereas those of the other two are encumbered with very
few who have not been educated at their own. The usual recompence,
however, of public and private teachers, small as it may appear, would
undoubtedly be less than it is, if the competition of those yet more
indigent men of letters, who write for bread, was not taken out of the
market. Before the invention of the art of printing, a scholar and a
beggar seem to have been terms very nearly synonymous. The different
governors of the universities, before that time, appear to have often
granted licences to their scholars to beg.
Public-domain text, read in full here on John Shaqi.
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