An Inquiry into the Nature and Causes of the Wealth of Nations
by SMITH, Adam
- Used
- Very Good
- Hardcover
- Condition
- Very Good
- Seller
-
Ritterhude, Germany
Payment Methods Accepted
About This Item
Goldsmiths' 16558; cf. PMM 221 (for first edition). - EIGHTH EDITION, which reprints the introductions to the third and fourth editions. Adam Smith (1723-1790) spent ten years in the writing and perfecting of The Wealth of Nations. "The book succeeded at once, and the first edition was exhausted in six months ... Whether it be true or not, as Buckle said, that the 'Wealth of Nations' was, 'in its ultimate results, probably the most important that had ever been written' ... it is probable that no book can be mentioned which so rapidly became an authority both with statesmen and philosophers" (DNB). "The history of economic theory up to the end of the nineteenth century consists of two parts: the mercantilist phase which was based not so much on a doctrine as on a system of practice which grew out of social conditions; and the second phase which saw the development of the theory that the individual had the right to be unimpeded in the exercise of economic activity. While it cannot be said that Smith invented the latter theory ... his work is the first major expression of it. He begins with the thought that labour is the source from which a nation derives what is necessary to it. "The improvement of the division of labour is the measure of productivity ... Labour represents the three essential elements - wages, profit and rent - and these three also constitute income. From the workings of the economy, Smith passes to its matter 'stock' which encompasses all that man owns either for his own consumption or the return it brings him. The Wealth of Nations ends with a history of economic development, a definitive onslaught on the mercantile system, and some prophetic speculations on the limits of economic control. Where the political aspects of human rights had taken two centuries to explore, Smith's achievement was to bring the study of economic aspects to the same point in a single work. The Wealth of Nations is not a system, but as a provisional analysis it is completely convincing. The certainty of its criticism and its grasp of human nature have made it the first and greatest classic of modern economic thought" (PMM). - Visit our website for additional images and information.
Synopsis
An Inquiry into the Nature and Causes of the Wealth of Nations (generally referred to by the short title The Wealth of Nations) is the magnum opus of the Scottish economist Adam Smith. It is a clearly written account of economics at the dawn of the Industrial Revolution, as well as a rhetorical piece written for the generally educated individual of the 18th century - advocating a free market economy as more productive and more beneficial to society.
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Details
- Bookseller
- Milestones of Science Books (DE)
- Bookseller's Inventory #
- 003129
- Title
- An Inquiry into the Nature and Causes of the Wealth of Nations
- Author
- SMITH, Adam
- Format/Binding
- Hardcover
- Book Condition
- Used - Very Good
- Quantity Available
- 1
- Edition
- 8th Edition
- Publisher
- Printed for A. Stahan, and T. Cadell Jun. and W. Davies (Successors to Mr. Cadell)
- Place of Publication
- London
- Date Published
- 1796
- Keywords
- National Economy
- Note
- May be a multi-volume set and require additional postage.
Terms of Sale
Milestones of Science Books
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Milestones of Science Books
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Jörn Koblitz
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27721 Ritterhude, Germany
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Milestones of Science Books
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