An Inquiry Into the Nature and Causes of the Wealth of NationsSmith, Adam
General
An Inquiry Into the Nature and Causes of the Wealth of Nations
Smith, Adam
Economics
Land, in its original rude state, can afford the materials of clothing
and lodging to a much greater number of people than it can feed. In its
improved state, it can sometimes feed a greater number of people than it
can supply with those materials; at least in the way in which they
require them, and are willing to pay for them. In the one state,
therefore, there is always a superabundance of those materials, which
are frequently, upon that account, of little or no value. In the other,
there is often a scarcity, which necessarily augments their value. In
the one state, a great part of them is thrown away as useless; and the
price of what is used is considered as equal only to the labour and
expense of fitting it for use, and can, therefore, afford no rent to the
landlord. In the other, they are all made use of, and there is
frequently a demand for more than can be had. Somebody is always willing
to give more for every part of them, than what is sufficient to pay the
expense of bringing them to market. Their price, therefore, can always
afford some rent to the landlord.
The skins of the larger animals were the original materials of clothing.
Among nations of hunters and shepherds, therefore, whose food consists
chiefly in the flesh of those animals, every man, by providing himself
with food, provides himself with the materials of more clothing than he
can wear. If there was no foreign commerce, the greater part of them
would be thrown away as things of no value. This was probably the case
among the hunting nations of North America, before their country was
discovered by the Europeans, with whom they now exchange their surplus
peltry, for blankets, fire-arms, and brandy, which gives it some value.
In the present commercial state of the known world, the most barbarous
nations, I believe, among whom land property is established, have some
foreign commerce of this kind, and find among their wealthier neighbours
such a demand for all the materials of clothing, which their land
produces, and which can neither be wrought up nor consumed at home, as
raises their price above what it costs to send them to those wealthier
neighbors. It affords, therefore, some rent to the landlord. When the
greater part of the Highland cattle were consumed on their own hills,
the exportation of their hides made the most considerable article of the
commerce of that country, and what they were exchanged for afforded some
addition to the rent of the Highland estates. The wool of England, which
in old times, could neither be consumed nor wrought up at home, found a
market in the then wealthier and more industrious country of Flanders,
and its price afforded something to the rent of the land which produced
it. In countries 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
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account