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Natural Price
Smith defines neat revenue (or net revenue in today’s language) as amount of revenue that a person, firm, or society actually earns after subtracting the cost of the capital used up in production—including the cost of maintaining fixed capital, the cost of circulating capital for people and firms, and the value of the whole money supply for society as a whole.
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Neat Revenue Term Timeline in The Wealth of Nations
The timeline below shows where the term Neat Revenue appears in The Wealth of Nations. The colored dots and icons indicate which themes are associated with that appearance.
Book 2, Chapter 1
...a portion of it for their survival, while investing the rest—which is called capital—to make revenue.
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Book 2, Chapter 2
Just like the revenue of any particular enterprise, the revenue of society as a whole is divided into wages,...
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...different. The circulating capital that turned into fixed capital is not part of society’s neat revenue, but the circulating capital that went to consumption is.
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...the economy to function. Thus, the cost of maintaining money is not part of neat revenue. It’s important not to miscalculate revenue by counting both the money people receive and the...
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