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 ancient times, before any charities of this kind had been established
for the education of indigent people to the learned professions, the
rewards of eminent teachers appear to have been much more considerable.
Isocrates, in what is called his discourse against the sophists,
reproaches the teachers of his own times with inconsistency. “They make
the most magnificent promises to their scholars,” says he, “and undertake
to teach them to be wise, to be happy, and to be just; and, in return for
so important a service, they stipulate the paltry reward of four or five
minae.” “They who teach wisdom,” continues he, “ought certainly to be wise
themselves; but if any man were to sell such a bargain for such a price,
he would be convicted of the most evident folly.” He certainly does not
mean here to exaggerate the reward, and we may be assured that it was not
less than he represents it. Four minae were equal to thirteen pounds six
shillings and eightpence; five minae to sixteen pounds thirteen shillings
and fourpence. Something not less than the largest of those two sums,
therefore, must at that time have been usually paid to the most eminent
teachers at Athens. Isocrates himself demanded ten minae, or £ 33:6:8 from
each scholar. When he taught at Athens, he is said to have had a hundred
scholars. I understand this to be the number whom he taught at one time,
or who attended what we would call one course of lectures; a number which
will not appear extraordinary from so great a city to so famous a teacher,
who taught, too, what was at that time the most fashionable of all
sciences, rhetoric. He must have made, therefore, by each course of
lectures, a thousand minae, or £ 3335:6:8. A thousand minae, accordingly,
is said by Plutarch, in another place, to have been his didactron, or
usual price of teaching. Many other eminent teachers in those times appear
to have acquired great fortunes. Georgias made a present to the temple of
Delphi of his own statue in solid gold. We must not, I presume, suppose
that it was as large as the life. His way of living, as well as that of
Hippias and Protagoras, two other eminent teachers of those times, is
represented by Plato as splendid, even to ostentation. Plato himself is
said to have lived with a good deal of magnificence. Aristotle, after
having been tutor to Alexander, and most munificently rewarded, as it is
universally agreed, both by him and his father, Philip, thought it worth
while, notwithstanding, to return to Athens, in order to resume the
teaching of his school. Teachers of the sciences were probably in those
times less common than they came to be in an age or two afterwards, when
the competition had probably somewhat reduced both the price of their
Public-domain text, read in full here on John Shaqi.
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