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
not better cultivated than England was then, or than the Highlands of
Scotland are now, and which had no foreign commerce, the materials of
clothing would evidently be so superabundant, that a great part of them
would be thrown away as useless, and no part could afford any rent to the
landlord.
The materials of lodging cannot always be transported to so great a
distance as those of clothing, and do not so readily become an object of
foreign commerce. When they are superabundant in the country which
produces them, it frequently happens, even in the present commercial state
of the world, that they are of no value to the landlord. A good stone
quarry in the neighbourhood of London would afford a considerable rent. In
many parts of Scotland and Wales it affords none. Barren timber for
building is of great value in a populous and well-cultivated country, and
the land which produces it affords a considerable rent. But in many parts
of North America, the landlord would be much obliged to any body who would
carry away the greater part of his large trees. In some parts of the
Highlands of Scotland, the bark is the only part of the wood which, for
want of roads and water-carriage, can be sent to market; the timber is
left to rot upon the ground. When the materials of lodging are so
superabundant, the part made use of is worth only the labour and expense
of fitting it for that use. It affords no rent to the landlord, who
generally grants the use of it to whoever takes the trouble of asking it.
The demand of wealthier nations, however, sometimes enables him to get a
rent for it. The paving of the streets of London has enabled the owners of
some barren rocks on the coast of Scotland to draw a rent from what never
afforded any before. The woods of Norway, and of the coasts of the Baltic,
find a market in many parts of Great Britain, which they could not find at
home, and thereby afford some rent to their proprietors.
Public-domain text, read in full here on John Shaqi.
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