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Cover of The Wealth of Nations: Book Five

The Wealth of Nations: Book Five

(Paperback)

Adam Smith, Adam Smith,

Createspace Independent Publishing Platform (Publisher)

Published
2014
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Economics, Finance, Business and ManagementFinance and accountingFinance and the finance industry

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PART I. Of the Expense of Defence. The first duty of the sovereign, that of protecting the society from the violence and invasion of other independent societies, can be performed only by means of a military force. But the expense both of preparing this military force in time of peace, and of employing it in time of war, is very different in the different states of society, in the different periods of improvement.

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