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
Countries are populous, not in proportion to the number of people whom
their produce can clothe and lodge, but in proportion to that of those
whom it can feed. When food is provided, it is easy to find the necessary
clothing and lodging. But though these are at hand, it may often be
difficult to find food. In some parts of the British dominions, what is
called a house may be built by one day’s labour of one man. The simplest
species of clothing, the skins of animals, require somewhat more labour to
dress and prepare them for use. They do not, however, require a great
deal. Among savage or barbarous nations, a hundredth, or little more than
a hundredth part of the labour of the whole year, will be sufficient to
provide them with such clothing and lodging as satisfy the greater part of
the people. All the other ninety-nine parts are frequently no more than
enough to provide them with food.
But when, by the improvement and cultivation of land, the labour of one
family can provide food for two, the labour of half the society becomes
sufficient to provide food for the whole. The other half, therefore, or at
least the greater part of them, can be employed in providing other things,
or in satisfying the other wants and fancies of mankind. Clothing and
lodging, household furniture, and what is called equipage, are the
principal objects of the greater part of those wants and fancies. The rich
man consumes no more food than his poor neighbour. In quality it may be
very different, and to select and prepare it may require more labour and
art; but in quantity it is very nearly the same. But compare the spacious
palace and great wardrobe of the one, with the hovel and the few rags of
the other, and you will be sensible that the difference between their
clothing, lodging, and household furniture, is almost as great in quantity
as it is in quality. The desire of food is limited in every man by the
narrow capacity of the human stomach; but the desire of the conveniencies
and ornaments of building, dress, equipage, and household furniture, seems
to have no limit or certain boundary. Those, therefore, who have the
command of more food than they themselves can consume, are always willing
to exchange the surplus, or, what is the same thing, the price of it, for
gratifications of this other kind. What is over and above satisfying the
limited desire, is given for the amusement of those desires which cannot
be satisfied, but seem to be altogether endless. The poor, in order to
obtain food, exert themselves to gratify those fancies of the rich; and to
obtain it more certainly, they vie with one another in the cheapness and
perfection of their work. The number of workmen increases with the
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