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
inventions of such workmen, in order to facilitate and quicken their own
particular part of the work. In the first fire engines, a boy was
constantly employed to open and shut alternately the communication
between the boiler and the cylinder, according as the piston either
ascended or descended. One of those boys, who loved to play with his
companions, observed that, by tying a string from the handle of the
valve which opened this communication to another part of the machine,
the valve would open and shut without his assistance, and leave him at
liberty to divert himself with his play-fellows. One of the greatest
improvements that has been made upon this machine, since it was first
invented, was in this manner the discovery of a boy who wanted to save
his own labour.
All the improvements in machinery, however, have by no means been the
inventions of those who had occasion to use the machines. Many
improvements have been made by the ingenuity of the makers of the
machines, when to make them became the business of a peculiar trade; and
some by that of those who are called philosophers, or men of
speculation, whose trade it is not to do any thing, but to observe every
thing, and who, upon that account, are often capable of combining
together the powers of the most distant and dissimilar objects. In the
progress of society, philosophy or speculation becomes, like every other
employment, the principal or sole trade and occupation of a particular
class of citizens. Like every other employment, too, it is subdivided
into a great number of different branches, each of which affords
occupation to a peculiar tribe or class of philosophers; and this
subdivision of employment in philosophy, as well as in every other
business, improves dexterity, and saves time. Each individual becomes
more expert in his own peculiar branch, more work is done upon the
whole, and the quantity of science is considerably increased by it.
It is the great multiplication of the productions of all the different
arts, in consequence of the division of labour, which occasions, in a
well-governed society, that universal opulence which extends itself to
the lowest ranks of the people. Every workman has a great quantity of
his own work to dispose of beyond what he himself has occasion for; and
every other workman being exactly in the same situation, he is enabled
to exchange a great quantity of his own goods for a great quantity or,
what comes to the same thing, for the price of a great quantity of
theirs. He supplies them abundantly with what they have occasion for,
and they accommodate him as amply with what he has occasion for, and a
general plenty diffuses itself through all the different ranks of the
society.
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.
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account