An Inquiry Into the Nature and Causes of the Wealth of Nations

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That the Division of Labour is limited by the Extent

Of the Origin and Use of Money

CHAP. V.

30

Of the real and nominal Price of Commodities, or of

their Price in Labour, and their Price in Money -- 39

CHAP. VI.

Of the Component Parts of the Price of Commodities 63

CHAP. VII.

Of the Natural and Market Price of Commodities - - 73

Of Wages and Profit in the different Employments

of Labour and Stock --

PART I. Inequalities arising from the Nature of

the Employments themselves -

118

134

135

PART II. Inequalities occasioned by the Policy

of Europe -

162

"

PART F. Of the Produce of Land which always

affords Rent

201

PART II. Of the Produce of Land which some-

times does, and sometimes does not, afford Rent 223

PART III. Of the Variations in the Proportion

between the respective Values of that Sort of

Produce which always affords Rent, and of

that which sometimes does, and sometimes does

not afford Rent

242

Digression concerning the Variations in the Value of

Silver during the Course of the four last Centuries 245

Variations in the Proportion between the re-

spective Values of Gold and Silver

292

Grounds of the Suspicion that the Value of

Silver still continues to decrease

300

Different Effects of the Progress of Improve-

ment upon the real Price of three different

Sorts of rude Produce

Conclusion of the Digression concerning the

Variations in the Value of Silver - - -

Effects of the Progress of Improvement upon the real

Price of Manufactures.

Conclusion of the Chapter

SHORT ACCOUNT

OF THE

LIFE AND WRITINGS

OF

DR ADAM SMITH.

ADAM SMITH, the celebrated author of 'An Inquiry into the Nature and Causes of the Wealth of Nations," was born in the town of Kirkaldy on the 5th of June 1723. His father, at an early period of life, practised as a writer to the signet in Edinburgh, and officiated as private secretary to the Earl of Loudon, during the time his Lordship was principal secretary of state of Scotland and keeper of the great seal, but afterwards settled at Kirkaldy, where, for some time before his death, he held the office of comptroller of the customs. He died a few months before the birth of his son.

The constitution of young Smith, during infancy, was so sickly as to require all the care and solicitude of his surviving parent, whose only child he was. The duty which thus devolved on his mother, it is allowed, she discharged in the most ample manner; and, indeed, carried her indulgence so far as to have

VOL. I.

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An Inquiry Into the Nature and Causes of the Wealth of Nations, Volumen1