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Wealth of Nations
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Adam Smith 1776, Wealth of Nations, Book 5; Chapter 1.3, the Expense of Public Works and Public Institutions
Back to: The Expense of Justice'Forward to: The Public Works and Institutions for facilitating the Commerce of the Society
THE third and last duty of the sovereign or commonwealth is that of erecting and maintaining those public institutions and those public works, which, though they may be in the highest degree advantageous to a great society, are, however, of such a nature that the profit could never repay the expense to any individual or small number of individuals, and which it therefore cannot be expected that any individual or small number of individuals should erect or maintain. The performance of this duty requires, too, very different degrees of expense in the different periods of society.

After the public institutions and public works necessary for the defence of the society, and for the administration of justice, both of which have already been mentioned, the other works and institutions of this kind are chiefly those for facilitating the commerce of the society, and those for promoting the instruction of the people. The institutions for instruction are of two kinds: those for the education of youth, and those for the instruction of people of all ages. The consideration of the manner in which the expense of those different sorts of public, works and institutions may be most properly defrayed will divide this third part of the present chapter into three different articles.
Back to: The Expense of Justice'Forward to: The Public Works and Institutions for facilitating the Commerce of the Society
 

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ch 1.3
ch 1.3.1.1
ch 1.3.1.2
ch 1.3.1.3
ch 1.3.2.1
ch 1.3.2.2
ch 1.3.2.3
ch 1.3.3.1
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ch 1.3.3.3
ch 1.3.3.4
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ch 1.3.3.7
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ch 2.2.1.1
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ch 2.2.1.3
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ch 2.2.1-2
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ch 2.2.4.1
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ch 2.2.4.3
ch 2.2.4.4
ch 2.2.4.5
ch 2.2.4.6
ch 2.2.4.7
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ch 2.2.4.9
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Word of the week
Chechnya, Chechenia, Chechen_Republic
an autonomous republic in southwestern Russia in the northern Caucasus Mountains bordering on Georgia; declared independence from the USSR in 1991 but Russian troops invaded and continue to prosecute a relentless military campaign in the largely Muslim republic
 

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