Book · An Inquiry into the Wealth of Nations
Page 354 of 2651
Author: Adam Smith
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In professions in which there are no benefices, such as law and
physic, if an equal proportion of people were educated at the
public expense, the competition would soon be so great as to sink
very much their pecuniary reward. It might then not be worth any
man's while to educate his son to either of those professions at
his own expense. They would be entirely abandoned to such as had
been educated by those public charities, whose numbers and
necessities would oblige them in general to content themselves
with a very miserable recompence, to the entire degradation of
the now respectable professions of law and physic.
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