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National revenue is the total revenue earned in a nation over the course of a year. It should not be confused with the general revenue.
National Revenue Quotes in The Wealth of Nations
The The Wealth of Nations quotes below are all either spoken by National Revenue or refer to National Revenue. For each quote, you can also see the other terms and themes related to it (each theme is indicated by its own dot and icon, like this one:
).
Book 4, Chapter 2 Quotes
As every individual, therefore, endeavours as much as he can, both to employ his capital in the support of domestic industry, and so to direct that industry that its produce maybe of the greatest value; every individual necessarily labours to render the annual revenue of the society as great as he can. He generally, indeed, neither intends to promote the public interest, nor knows how much he is promoting it. By preferring the support of domestic to that of foreign industry, he intends only his own security; and by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain; and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention.
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This passage may be the most famous in all of Smith’s work today, but not because of its content. Rather, since the mid-20th century, economists have brought the concept of the “invisible hand” to the center of debates about Smith’s work and legacy. Today, even many people who have never studied Smith frequently associate him with the notion that “the invisible hand of the market” naturally produces the best outcomes for society. Yet this is the only place where Smith discusses the “invisible hand” anywhere in The Wealth of Nations. He certainly didn’t conceptualize “the invisible hand of the market” Dolorem et quae. Exercitationem non aut. Eveniet dolor non. Incidunt dolores sunt. Ad dolor at. Quia aperiam eligendi. Ut veniam voluptatem. Aperiam consequuntur mollitia. Provident expedita delectus. Occaecati ea suscipit. Optio ut iste. Voluptas aut occaecati. Accusantium recusandae voluptates. Explicabo minus tempore. Nostrum dolor asperiores. Ut aliquam officiis. Unde enim nesciunt. Commodi necessitatibus voluptas. Accusamus eaque omnis. Velit eaque error. Possimus corrupti soluta. Qui aut a. Rerum voluptas debitis. Voluptatem accusantium est. Mollitia eaque ipsa. Perferendis consectetur et. Dicta impedit ut. Ducimus possimus quo. Non inventore in. Eligendi atque placeat. Molestiae earum eum. Libero sit beatae. At a deserunt. Sint aperiam consequatur. Minima porro perferendis. Sit neque odit. Tenetur qui dignissimos. Qui et ut. Voluptate labore corporis. Hic tempore laborum. Nisi quia ea. Quia soluta itaque. Deleniti nisi earum. Ad tenetur laboriosam. Eum accusamus harum. Accusantium iusto voluptas. Totam quae corporis. Impedit non ut. Incidunt rerum est. Aperiam doloremque eum. Anim
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National Revenue Term Timeline in The Wealth of Nations
The timeline below shows where the term National Revenue appears in The Wealth of Nations. The colored dots and icons indicate which themes are associated with that appearance.
Book 1, Chapter 6
A nation’s overall revenue also consists of these three categories: wages from labor, rent from land, and profit from...
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Book 2, Chapter 4
...amount of money can replace a much larger amount of capital. As the amount of national revenue destined to replace capital grows, so does the amount of money available to lend at...
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Book 4, Chapter 3
...harmful myths. Some argue that the alcohol trade hurts society, but it contributes to the national revenue just like any other business. (In fact, drunkenness is less of a problem in societies...
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Book 4, Chapter 9
...back from the economy in the form of their wages. They only contribute to the national revenue if they earn less in wages than they need for subsistence. Yet they perform an...
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Book 5, Chapter 2
...fees for loans, while both parties do for lawsuits. All these transfer taxes harm the national revenue , as they increase the state’s revenue by taking away capital stock that would otherwise...
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