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An Inquiry Into the Nature and Causes of the Wealth of Nations

Adam Smith · 1776 (composed/publication period); modern imprint not specified beyond a 1852 reprint primary

passage 794 of 803 · BOOK I. > L.21,333,333 : 6 : 8. In the course of the second Punic war, the As was still further reduced, first, from two ounces of copper to one ounce, and afterwards from one ounce to half an ounce; that is, to the twenty-fourth part of its original value. By combining the three Roman operations into one, a debt of a hundred and twenty-eight millions of our present money, might in this manner be reduced all at once to a debt of L.5,333,333 : 6 : 8. Even the enormous debt of Great Britain might in this manner soon be paid. (47/56)

in brief
This passage continues brief index entries on roads and Roman affairs, including claims about why road maintenance should not be left to private interest and various institutional features of Rome.

of, 62. How to be made and maintained, 303. The maintenance of, why improper to be trusted to private interest, 304. General state of, in France, 305. In China, ib.

Romans, why copper became the standard of value among them, 16. The extravagant prices paid by them for certain luxuries for the table accounted for, 92. The value of silver higher among them than at the present time, ib. The republic of, founded on a division of land among the citizens, 228. The Agrarian law only executed upon one or two occasions, ib. How the citizens who had no land subsisted, ib. Distinction between the Roman and Greek colonies, ib. The improvement of the former slower than that of the latter, 232. Origin of the social war, 257. The republic ruined by extending the privilege of Roman citizens to the greater part of the inhabitants of Italy, 258. When contributions were first raised to maintain those who went to the wars, 290. Soldiers not a distinct profession there, 291. Improvement of the Roman armies by discipline, 294. How that discipline was lost, 295. The fall of the western empire, how effected, ib. Remarks on the education of the ancient Romans, 324. Their morals superior to those of the Greeks, ib. State of law, and forms of justice, 325. The martial spirit of the people, how supported, 329. Great reductions of the coin practised by, at particular exigencies, 396.

Rome, modern, how the zeal of the inferior clergy of, is kept alive, 330. The clergy of, one great spiritual army dispersed in different quarters over Europe, 335. Their power during the feudal monkish ages similar to that of the temporal barons, 336. Their power, how reduced, 337.

Rouen, why a town of great trade, 138.

Ruddiman, Mr. remarks on his account of the ancient price of wheat in Scotland, 77.

Russia, was civilized under Peter the Great by a standing army, 296.

S

Sailors, why no sensible inconvenience felt by the great numbers disbanded at the close of a war, 190.

Salt, account of foreign salt imported into Scotland, and of Scotch salt delivered duty free for the fishery, 288, Append. Is an object of heavy taxation everywhere, 369. The collection of the duty on, expensive, 380.

Sardinia, the land-tax how assessed there, 352.

Saxon lords, their authority and jurisdiction as great before the Conquest as those of the Normans were afterwards, 168.

Schools, parochial, observations on, 328.

Science is the great antidote to the poison of enthusiasm and superstition, 333.

Scipio, his Spanish militia rendered superior to the Carthaginian militia by discipline and service, 294.

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topics: public finance and debt · supply, logistics, and encampment

An Inquiry Into the Nature and Causes of the Wealth of Nations · Adam Smith · 1776