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Effectual Demand
An endowment is a fund created to support an institution (like a university, church, or charitable organization).
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Endowment Term Timeline in The Wealth of Nations
The timeline below shows where the term Endowment appears in The Wealth of Nations. The colored dots and icons indicate which themes are associated with that appearance.
Book 5, Chapter 1
...for the Education of Youth.” Schools can be paid for either through fees or an endowment, although endowments reduce the quality of instruction by removing an incentive for good teaching. University...
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...ages, and private religion teachers are more zealous and hardworking than established clergy paid from endowments, as they earn revenue directly from their followers. This helps explain why new religious movements...
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