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Fixed Capital
The general revenue, or public revenue, is the total amount that the government earns from taxes and other funding mechanisms in a year.It should not be confused with the national revenue.
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General Revenue Term Timeline in The Wealth of Nations
The timeline below shows where the term General Revenue appears in The Wealth of Nations. The colored dots and icons indicate which themes are associated with that appearance.
Book 5, Chapter 1
...are investments that pay for themselves, they shouldn’t be counted as expenses from the government’s general revenue . Instead, they should form a separate fund and be managed in a way that...
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“Conclusion.” Expenses for defense and supporting the sovereign’s dignity should come from a nation’s general revenue , because they benefit everyone. But separate court fees should pay for the justice system,...
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Book 5, Chapter 2
“Part II. Of Taxes.” In most cases, the sovereign’s general revenue must come primarily from taxes. It can tax rents, profits, wages, or all three....
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Book 5, Chapter 3
Britain can only pay off its national debt by massively increasing the general revenue , massively decreasing expenses, or both. Smith’s proposals for reforming the land, house, customs, and...
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