THE

WORKS

OF

ADAM SMITH, LL.D.

AND F.R.S. OF LONDON AND EDINBURGH:
ONE OF THE COMMISSIONERS OF HIS MAJESTY'S CUSTOMS

IN SCOTLAND;
AND FORMERLY PROFESSOR OF MORAL PHILOSOPHY

IN THE UNIVERSITY OF GLASGOW.

WITH AN ACCOUNT OF
HIS LIFE AND WRITINGS

BY DUGALD STEWART,
PROFESSOR OF MORAL PHILOSOPHY IN THE UNIVERSITY, AND
FELLOW OF THE ROYAL SOCIETY, OF EDINBURGH,

&c. &c. &c.

IN FIVE VOLUMES.

VOL. III.

LONDON:

PRINTED FOR T. CADELL AND W. DAVIES; F. C. AND J. RIVINGTON; OTRIDGE

AND SON; F. WINGRAVE; LONGMAN, HURST, REES, ORME, AND BROWN;
JOHN RICHARDSON; J. BOOKER; B. CROSBY; E. JEFFERY; W. STEWART ;
BLACK, PARRY, AND KINGSBURY; S. BAGSTER; J. MAWMAN; J. ASPERNE ;
AND R. SCHULEY; AND W. CREECH, AND BELL AND BRADFUTE, AT
EDINBURGH

R

Serahan and Preston, Printers-Street, London.

CONTENTS

OF

THE THIRD VOLUME.

THE NATURE AND CAUSES OF THE

· WEALTH OF NATIONS.

воок ІІ.

CHAP. III.
OF the Accumulation of Capital, or of pro-
ductive and unproductive Labour Page 2

CHAP. IV.
Of Stock lent at Interest - . : 33

CHAP. V.
Of the different Employment of Capitals 46

BOOK III.
Of the different Progress of Opulence in diffe.

rent Nations.

CHAP. I.
Of the natural Progress of Opulence

Page 73