Skip to main content Accessibility help
×
Hostname: page-component-76fb5796d-22dnz Total loading time: 0 Render date: 2024-04-28T22:07:29.154Z Has data issue: false hasContentIssue false

13 - From Commonwealth to Public Opulence: The Redefinition of Wealth and Government in Early Modern Britain

Published online by Cambridge University Press:  05 May 2013

Craig Muldrew
Affiliation:
Fellow of Queens' College
Steve Hindle
Affiliation:
Foundation Director of Research at the Huntington Library, San Marino, California
Alexandra Shepard
Affiliation:
Reader in History, University of Glasgow
John Walter
Affiliation:
Professor of History, University of Essex
Get access

Summary

A common wealth is called a society or common doing of a multitude of free men collected together and united by common accord. Although of all thinges or lyuing creatures a man doth shew him selfe most politique, yet can he not well live without the societie and fellowship ciuill.

Sir Thomas Smith (1583)

That state is properly opulent in which opulence is easily come at, or in which a little labour, properly and judiciously employed, is capable of procuring any man a great abundance of all the necessaries and conveniencies of life.… National opulence is the opulence of the whole people, which nothing but the great reward of labour, and consequently the great facility of acquiring, can give occasion to.

Adam Smith (c.1763)

Although Adam Smith chose to title his great work on the economic organisation of society An Inquiry into the Nature and Causes of the Wealth of Nations, it is not about national power, but about the wealth of the people who happened to live in nations. The very first sentence in his introduction to the work describes how ‘the annual labour of every nation’ is the fund which ‘supplies it with all the necessities and conveniences of life’. The organisation of his book is evidence of what he considered to be most important. He began with the division of labour, and then moved on to the nature of money, exchange and capital formation, before finally dealing with systems of political economy and the revenue of a ‘Commonwealth’.

Type
Chapter
Information
Remaking English Society
Social Relations and Social Change in Early Modern England
, pp. 317 - 340
Publisher: Boydell & Brewer
Print publication year: 2013

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Save book to Kindle

To save this book to your Kindle, first ensure coreplatform@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×