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• Book Iv
• Chapter IV: Of Drawbacks
• Chapter V: Of Bounties
• Digression Concerning the Corn Trade and Corn Laws 1
• Chapter VI: Of Treaties of Commerce
• Chapter VII: Of Colonies
• Part First: of the Motives For Establishing New Colonies
• Part Second: Causes of the Prosperity of New Colonies
• Part Third: of the Advantages Which Europe Has Derived From the Discovery of America, and From That of a Passage to the East Indies By the Cape of Good Hope
• Chapter VIII: Conclusion of the Mercantile System 1
• Chapter IX: Of the Agricultural Systems, Or of Those Systems of Political Œconomy, Which Represent the Produce of Land As Either the Sole Or the Principal Source of the Revenue and Wealth of Every Country
• Book V: Of the Revenue of the Sovereign Or Commonwealth
• Chapter I: Of the Expences of the Sovereign Or Commonwealth
• Part I: Of the Expence of Defence
• Part II: Of the Expence of Justice
• Part III: Of the Expence of Public Works and Public Institutions
• Article I: Of the Public Works and Institutions For Facilitating the Commerce of the Society And, First, of Those Which Are Necessary For Facilitating Commerce In General 1
• Article II: Of the Expence of the Institutions For the Education of Youth 1
• Article III: Of the Expence of the Institutions For the Instruction of People of All Ages
• Part IV: Of the Expence of Supporting the Dignity of the Sovereign
• Conclusion
• Chapter II: Of the Sources of the General Or Public Revenue of the Society
• Part I: Of the Funds Or Sources of Revenue Which May Peculiarly Belong to the Sovereign Or Commonwealth
• Part II: Of Taxes
• Article I: Taxes Upon Rent. Taxes Upon the Rent of Land
• Article II: Taxes Upon Profit, Or Upon the Revenue Arising From Stock
• Appendix to Articles I and Ii Taxes Upon the Capital Value of Land, Houses, and Stock
• Article III: Taxes Upon the Wages of Labour
• Article IV: Taxes Which, It Is Intended, Should Fall Indifferently Upon Every Different Species of Revenue
• Chapter III: Of Public Debts
• Appendix 1

PART IV

Of the Expence of supporting the Dignity of the Sovereign

OVER and above the expence1 necessary for enabling the sovereignThe expense of supporting the dignity of the sovereign increases as the expenditure of the people increases. to perform his several duties, a certain expence is requisite for the support of his dignity. This expence varies both with the different periods of improvement, and with the different forms of government.

In an opulent and improved society, where all the different orders of people are growing every day more expensive in their houses, in their furniture, in their tables, in their dress, and in their equipage; it cannot well be expected that the sovereign should alone hold out against the fashion. He naturally, therefore, or rather necessarily becomes more expensive in all those different articles too. His dignity even seems to require that he should become so.

As in point of dignity, a monarch is more raised above his subjectsand is greater in a monarchy than in a republic than the chief magistrate of any republic is ever supposed to be above his fellow-citizens; so a greater expence is necessary for supporting that higher dignity. We naturally expect more splendor in the court of a king, than in the mansion-house of a doge or burgo-master.

[1 ] [Ed. 5 reads ‘expences,’ but this seems to be a misprint or misreading suggested by the fact that several expenses have been mentioned.]