Book · An Inquiry into the Wealth of Nations
Page 723 of 2651
Author: Adam Smith
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If it is to be let to a tenant for rent, as the house itself can
produce nothing, the tenant must always pay the rent out of some
other revenue, which he derives, either from labour, or stock, or
land. Though a house, therefore, may yield a revenue to its
proprietor, and thereby serve in the function of a capital to
him, it cannot yield any to the public, nor serve in the function
of a capital to it, and the revenue of the whole body of the
people can never be in the smallest degree increased by it.
Clothes and household furniture, in the same manner, sometimes
yield a revenue, and thereby serve in the function of a capital
to particular persons. In countries where masquerades are common,
it is a trade to let out masquerade dresses for a night.
Upholsterers frequently let furniture by the month or by the
year. Undertakers let the furniture of funerals by the day and by
the week.
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