THE

WORKS

OF

ADAM SMITH, LL.D.

AND F.R.S. OF LONDON AND EDINBURGH:

ONE OF THE COMMISSIONERS OF HIS MAJESTY'S CUSTOMS

IN SCOTLAND;

AND FORMERLY PROFESSOR OF MORAL PHILOSOPHY

IN THE UNIVERSITY OF GLASGOW.

WITH AN ACCOUNT OF

HIS LIFE AND WRITINGS

BY DUGALD STEWART,
PROFESSOR OF MORAL PHILOSOPHY IN THE UNIVERSITY, AND
FELLOW OF THE ROYAL SOCIETY, OF EDINBURGH,

&c. &c. &c.

IN FIVE VOLUMES.

VOL. III.

LONDON:

PRINTED FOR T. CADELL AND W. DAVIES; F. C. AND J. RIVINGTON ; OTRIDGE

AND SON; F. WINGRAVE; LONGMAN, HURST, REES, ORME, AND BROWN;
JOHN RICHARDSON ; J. BOOKER; B. CROSBY; E. JEFFERY ; W. STEWART;
BLACK, PARRY, AND KINGSBURY; S. BAGSTER; J. MAWMAN; J. ASPERNE ;
AND R. SCHOLEY : AND

W. CREECH, AND

BELL AND BRADFUTE, AT
EDINBURGH.

CONTENTS

OF

THE THIRD VOLUME.

THE NATURE AND CAUSES OF THE

WEALTH OF NATIONS.

BOOK II.

CHAP. III.
OF the Accumulation of Capital, or of pro-

ductive and unproductive Labour Page 2

CHAP. IV.
Of Stock lent at Interest

33

CHAP. V.

Of the different Employment of Capitals

46

BOOK III.
Of the different Progress of Opulence in diffe-

rent Nations.

CHAP. I.
Of the natural Progress of Opulence

Page 73