By ADAM SMITH, LL. D. and F. R. S.
Formerly Profeffor of Moral Philosophy in the University of GLASGOW,

IN TWO VOLUMES.

VOL. I:

THE SECOND EDITION.

LONDON:

PRINTED FOR W. STRAHAN; AND T. CADELL, IN THE STRAND.
MDCCLXXVIII.

Of the Causes of Improvement in the productive

Powers of Labour, and of the Order accord-

ing to which its Produce is naturally distributed

among the different Ranks of the People

5

CHÁ P. I.

Of the Divifion of Labour

CHA P. II.

Of the Principle which gives occafion to the divifion of Labour

CHA P. IV.

That the Divifion of Labour is limited by the Extent of the

Market

A 2

ibid.

16

21

CHAP. IV.

Of the Origin and Ufe of Money

CHA P. V.

Page 27

Of the real and nominal Price of Commodities, or of their

Price in Labour, and their Price in Money

CH A P. VI.

Of the component Parts of the Price of Commodities

35

56

Of Wages and Profit in the different Employments of Labour

and Stock

PART Ift. Inequality in Wages and Profit arifing from the

Nature of the different Employments of both

121

122

PART 2d. Inequalities occafioned by the Policy of Europe

147

CHA P. XI.

Of the Rent of Land

179

1

PART Ift. Of the Produce of Land which always affords

Rent

Page 182

PART 2d. Of the Produce of Land which fometimes does, and

Sometimes does not, afford Rent

PART 3d. Of the Variations in the Proportion between the

refpective Values of that Sort of Produce which always

affords Rent, and of that which fometimes does, and fometimes

does not afford Rent

Digreffion concerning the Variations in the Value of Silver du-

ring the Course of the Four laft Centuries.

202

219

Variations in the Proportion between the respective Values of

Gold and Silver

264

Grounds of the Sufpicion that the Value of Silver ftill continues

to decrease

270

Different Effects of the Progress of Improvement upon the real

Price of three different Sorts of rude Produce

271

Conclufion of the Digreffion concerning the Variations in the

Value of Silver

299

Effects of the Progress of Improvement upon the real Price of

Manufactures

306

Conclufion of the Chapter

312