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Understanding the #UnitedStatesofAmerica - The Wealth of Nations: Book Four "Of Systems of Political Oeconomy" Introduction

YourTurtleTourGuideMar 23, 2024, 2:20:46 PM
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BOOK IV: Of Systems of Political Oeconomy
Chapters: 9
Length: 218 pages

Introduction
Pages: 1

Pg 1

Political oeconomy, considered as a branch of the science of a statesman or legislator, proposes two distinct objects; first, to provide a plentiful revenue or subsistence for the people, or more properly to enable them to provide such a revenue or subsistence for themselves; and secondly, to supply the state or commonwealth with a revenue sufficient for the public services. It proposes to enrich both the people and the sovereign.
The different progress of opulence in different ages and nations, has given occasion to two different systems of political oeconomy, with regard to enriching the people. The one may be called the system of commerce, the other that of agriculture. I shall endeavor to explain both as fully and distinctly as I can, and shall begin with the system of commerce. It is the modern system, and is best understood in our own country and in our own times.

You can read Volume I - Book 4 the Wealth of Nations for yourself here → https://rauterberg.employee.id.tue.nl/lecturenotes/DDM110%20CAS/Smith-1776%20Wealth%20of%20Nations.pdf