THE FIVE-FOOT SHELF OF BOOKS

"THE HARVARD CLASSICS"

EDITED BY CHARLES W ELIOT LL D

AN INQUIRY INTO THE NATURE
AND CAUSES OF THE

WEALTH OF NATIONS

BY ADAM SMITH

EDITED BY C J BULLOCK Ph D
Professor of Economics, Harvard University

WITH INTRODUCTION AND NOTES

VOLUME 10

PF COLLIER & SON
NEW YORK

H34
сь

V.10

Copyright, 1909

By P. F. COLLIER & SON

Designed, Printed, and Bourd at
The Collier Press, New Bork

Stacks-tv. 5·10.54

Replacement

Ref.KR.
Tons Fron

12-27·40

42283

CONTENTS

BOOK I

OF THE CAUSES OF IMPROVEMENT IN THE PRODUCTIVE POWER OF
LABOUR, AND OF THE ORDER ACCORDING TO WHICH ITS PROD-
UCE IS NATURALLY DISTRIBUTED AMONG THE DIFFERENT RANKS
OF THE PEOPLE

PAGE

9

CHAP.

I. Of the Division of Labour

9

II. Of the Principle Which Gives Occasion to the Division of
Labour

19

III. That the Division of Labour is Limited by the Extent of the
Market

IV. Of the Origin and Use of Money

V. Of the Real and Nominal Price of Commodities, or of Their
Price in Labour, and Their Price in Money

36

VI. Of the Component Parts of the Price of Commodities
VII. Of the Natural and Market Price of Commodities

50 58

VIII. Of the Wages of Labour

68

IX. Of the Profits of Stock

93

X. Of Wages and Profit in the Different Employments of Labour and Stock

105

XI. Of the Rent of Land

153

BOOK II

OF THE NATURE, ACCUMULATION, AND EMPLOYMENT OF STOCK

221

CHAP.

I. Of the Division of Stock

224

II. Of Money Considered as a Particular Branch of the General Stock of the Society, or of the Expence of Maintaining the National Capital

233

A-HC X

1