“Lands for the purposes of pleasure and magnificence”

—  Adam Smith

Source: The Wealth of Nations (1776), Book V, Chapter II, Part I, p. 891.
Context: Lands for the purposes of pleasure and magnificence, parks, gardens, public walks, &c. possessions which are every where considered as causes of expence, not as sources of revenue, seem to be the only lands which, in a great and civilized monarchy, ought to belong the crown.

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Scottish moral philosopher and political economist 1723–1790

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