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Page 639 of 2651

Author: Adam Smith

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Though, in the progress of improvement and population, the price
of the whole beast necessarily rises, yet the price of the
carcase is likely to be much more affected by this rise than that
of the wool and the hide. The market for the carcase being in the
rude state of society confined always to the country which
produces it, must necessarily be extended in proportion to the
improvement and population of that country. But the market for
the wool and the hides, even of a barbarous country, often
extending to the whole commercial world, it can very seldom be
enlarged in the same proportion. The state of the whole
commercial world can seldom be much affected by the improvement
of any particular country; and the market for such commodities
may remain the same, or very nearly the same, after such
improvements, as before. It should, however, in the natural
course of things, rather, upon the whole, be somewhat extended in
consequence of them.

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