The Wisdom of Adam Smith

Index

JSmith_201-240.indd 29 11/28/11 12:59 PM admiration, 177 morality and misguided, 41 adversity, 28 aesthetics, 21-25 affections benevolent, 61 selfish, 61 ambition, 177-83 America discovery of, !53 leaders of, 161, 162 prosperity of, 159-60 anger, 45, 46 unchecked, 64 army, standing militia vs., 165, 167- 68 art, 21- 25 artists great, 21, 24 inferior, 21 rewards of, 24 avarice, 46, 177, 180 bankers, 77 bankruptcy public, 194, 195 beauty, 21 source of, 22 beggars, 15, 48, 126 Being, divine. See God Index beneficence, 48, 61 justice and, 201 benevolence, 48, 71, 225 indolent, 50 borrowing, 220 taxation and, 149-50 capital, 93- 102 parsimony and, 102 charity clergy and, 37 cheerfulness, 56 Christianity great law of, 67 church benefices of the, 35 riches and the, 35 Cicero, 225 clergy, 36 riches and, 37 Colbert, 109, 134 colonies, 153-64 cause of prosperity in new, 159 Great Britain's relinquishing authority over, 157- 59 monopoly trade of, 155- 56 See also America common people, 36 instruction of, 18, 214 levity and, 40 morals of, 38 JSmith_201-240.indd 30 11/28/11 12:59 PM 230• See also people, inferior ranks of compassion. See pity competition, 116---17 conduct, 39--44 good, 200 impartial spectator of, 49, 59--61 consumers taxation and, 146--47 conversation, 29 corporations, 131 exclusive privilege and, 119 free trade and, 132 death evil of, 204 happiness and, 56 terror of, 170 debt national, 194, 195 deformity, 21 Deity. See God discipline, 15 of higher education, 17 duties (taxes) import, 133-34, 139--40 See also taxation duty religion and, 34, 35 economy, political, 211 education, 15-19, 160, 193 discipline of higher, 17 domestic, 19 endowments for, 16 essential parts of, 18- 19 public, 19 public institutions for, 18 educators. See teachers employment, 88, 89, 91 self-interest and, 70-71 enjoyment, 28, 29 happiness and, 30 enthusiasm, 38, 214 faction, 224 farmers, 129- 30 friendship, 43 frugality, 200, 220, 221 private, 199 virtue of, 69, 218-19 gentlemen country, 129-30, 214 God, 35,224 idea of, 33 judgment of, 36 nature directed by, 34 wisdom of, 37 gold, 73-79 government, 74, 185-200, 225 civil, 187 corrupted, 107-8 education of leaders of, 193 emoluments of officers of, 194 ideal plan of, 226 Index natural catastrophes and, 195-96 property and civil, 185-87 public services and, 193 public works and, 191 hand, invisible, 123- 27 happiness, 61, 69, 182, 222, 223 chief part of, 42 definition of, 30 greatest poison to, 46 poison to, 56 hatred, 46 heroism, 170 Hobbes, 114 human nature, 62, 86 original passions of, 55, 56---57 principles of, 56 selfish passions of, 56---57 varied passions of, 57 humanity and its desire, 50 as quality, 47, 71, 225 injury justice and, 203 injustice, 34 interest monetary, 96, 150 public, 123- 24 James I, 221 Jews, 160 judiciary European practices concerning, 206---7 executive power vs., 206 JSmith_201-240.indd 31 11/28/11 12:59 PM Index justice, 61, 201-10 beneficence compared with, 201 injury as violation of, 202-3 negative virtue of, 202-3 rules of, 205 sense of, 57, 207 labour, 81-91,109, 216 division of, 78- 79, 81-84, 86, 87, 93, 94-95, 212 excessive, 217- 18 price of, 90 prices and, 112, 113 reward of, 87-88, 89 role of, as measure, 112, 114-15 land, 99, 103-9 new colonies and, 159 rent of, 105-6, 107 landlords, 99, 105, 124, 146 law, 108, 173, 174, 175, 201- 10 civil, 47 civil servants and, 181 corporation, 131 free trade regulated by, 130 human, 227 most sacred, 205 positive, 207 wages regulated by, 90-91 letters, men of, 25 levity, 36, 38 superficial, 46 liberty, 91, 109, 116, 167 natural, 189-90, 209 new colonies and, 159 personal, 183 taxation and, 151 love, 43, 63- 64, 67 of country, 171, 172, 173, 175 man party- , 223-24 public-spirited, 225- 26 purpose of, 50-51 society and, 211- 27 system and, 226 wisdom of, 37 market, 111-21 monopoly and the, 119, 198 quantity and the, 116-18 • 231 mercantile system, 132, 133, 156, 157 militia standing army vs., 165, 167-68 misery, 69 misfortune, 22-23, 62 money, 73-79, 102, 109 functions of, 73 paper, 76-77 scarcity of, 74-75 value of, 74, 75 monopoly, 129--42, 198...