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nydus/The Wealth of NationsPublic

Adam Smith lays the foundation of classical economics.

Page 22 of 960
Table of Contents

Editor’s Introduction

the people grow effeminate and dastardly, as was shown by the fact that in 1745 “four or five thousand naked unarmed Highlanders would have overturned the government of Great Britain with little difficulty if they had not been opposed by a standing army.”

“To remedy” these evils introduced by commerce “would be an object worthy of serious attention.”

Revenue, at any rate in the year when the notes of his lectures were made, was treated by Adam Smith before the last head of police just discussed, ostensibly on the ground that it was in reality one of the causes of the slow progress of opulence.

Originally, he taught, no revenue was necessary; the magistrate was satisfied with the eminence of his station and any presents he might receive. The receipt of presents soon led to corruption. At first too soldiers were unpaid, but this did not last. The earliest method adopted for supplying revenue was assignment of lands to the support of government. To maintain the British government would require at least a fourth of the whole of the land of the country. “After government becomes expensive, it is the worst possible method to support it by a land rent.” Civilisation and expensive government go together.

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