CONTENTS

OF

THE SECOND VOLUME.

THE NATURE AND CAUSES OF THE

WEALTH OF NATIONS.

NTRODUCTION AND PLAN OF THE WORK

Page 1

BOOK I.

OF THE CAUSES OF IMPROVEMENT IN THE PRO.

DUCTIVE POWERS OF LABOUR, AND OF THE

ORDER ACCORDING TO WHICH ITS PRODUCE IS

NATURALLY DISTRIBUTED AMONG THE DIFFE-

RENT RANKS OF THE PEOPLE

6

CHAP. I.

Of the Divison of Labour

ibid.

CHAP. II.

Of the Principle which gives Occasion to the

Divison of Labour

19

CHAP. III.

ī That the Division of Labour is limited by the

Extent of the Market

26
CHAP. IV.

Of the Origin and Use of Money

Page 33

CHAP. V.

Of the real and nominal Price of Commodities, or

of their Price in Labour, and their Price in

Money

43

CHAP. VI.

Of the component Parts of the Price of Commo-

dities

70

CHAP. VII.

Of the natural and market Price of Commo-

dities

82

CHAP. VIII.

Of the Wages of Labour

96

CHAP. IX.

Of the Profits of Stock

133

CHAP. X.

Of Wages and Profit in the different Employ-

ments of Labour and Stock

151

Part I. Inequalities arising from the Nature of the

Employments themselves

152

PART II. Inequalities occasioned by the Policy of

Europe

183

223

CH AP, XI.

Of the Rent of Land

Part I. Of the Produce of Land which always

affords Rent

227

PART II. Of the Produce of Land which sometimes

does, and sometimes does not, afford Rent

Page 252

Part III. Of the Variations in the Proportion be-

tween the respective Values of that Sort of Produce

which always affords Rent, and of that which fome-

times does and sometimes does not afford Rent 273

Digresion concerning the Variations in the Value of Silver

during the Course of the Four last Centuries :

Firft Period

276

Second Period

299

Third Period

305

Variations in the Proportions between the respective

Values of Gold and Silver

330

Grounds of the Sufpicion that the Value of Silver

Atill continues to decrease

Different Effects of the Progress of Improvement

upon the real Price of three different Sorts of rude

Produce

339

First Sort

340

Second Sort

343

Third Sort

359

Conclufon of the Digreffion concerning the Variations

in the Value of Silver

373

Effects of the Progress of Improvement upon the real

Price of Manufaktures

384

Conclusion of the Chapter

393

338

viii

BOOK II.

OF THE NATURE, ACCUMULATION, AND EMPLOY-

MENT OF STOCK.

INTRODUCTION

Page 407

CHAP. I.

Of the Division of Stock

410

CHAP. II.

Of Money considered as a particular Branch

of the general Stock of the Society, or of

the Expence of maintaining the National

Capital

423

ADVERTISEMENT

TO

THE THIRD EDITION.

THE

HE First Edition of the following Work

was printed in the end of the year 1775, and in the beginning of the year 1776. Through the greater part of the Book, therefore, whenever the present state of things is mentioned, it is to be understood of the state they were in, either about that time, or at some earlier period, during the time I was employed in writing the Book. To the Third Edition, however, I have made several additions, particularly to the chapter upon Draw- . backs, and to that upon Bounties ; likewise a new chapter entitled, The Conclusion of the Mercantile System; and a new article to the chapter upon the expences of the Sovereign. In all these additions, the present state of things means always the state in which they were during the year 1783 and the beginning of the year 1784.