The Wealth of NationsThe Wealth of Nations by Adam Smith It is symbolic that Adam Smith’s masterpiece of economic analysis, The Wealth of Nations, was first published in 1776, the same year as the Declaration of Independence. In his book, Smith fervently extolled the simple yet enlightened notion that individuals are fully capable of setting and regulating prices for their own goods and services. He argued passionately in favor of free trade, yet stood up for the little guy. The Wealth of Nations provided the first--and still the most eloquent--integrated description of the workings of a market economy. The result of Smith’s efforts is a witty, highly readable work of genius filled with prescient theories that form the basis of a thriving capitalist system. This unabridged edition offers the modern reader a fresh look at a timeless and seminal work that revolutionized the way governments and individuals view the creation and dispersion of wealth--and that continues to influence our economy right up to the present day. |
From inside the book
Try this search over all volumes: subject:"Economics"
Results 1-0 of 0
Contents
Introduction and Plan of the Work | 1 |
Of the causes of Improvement in the productive powers of Labour | 7 |
CHAPTER II | 22 |
Copyright | |
47 other sections not shown
Other editions - View all
Common terms and phrases
Adam Smith advantageous afford altogether America ancient annual produce artificers balance of trade bank bounty Britain bullion capital carried cattle cent cheaper circulating capital circulation coin colonies commerce commodities commonly consequence consumption cultivation dearer demand division of labour duty employed employment endeavour England equal Europe exchange expence exportation farmer favour foreign trade France frequently gold and silver greater quantity importation improvement increase Indies industry interest joint stock company land and labour landlord less maintain manner manufactures ment merchants metals money price monopoly nations natural price naturally necessarily necessary occasion ordinary paid particular pence perhaps Portugal pound weight present prohibited proportion proprietors purchase quantity of labour raise reads regulated rent revenue rude produce Scotland seems seignorage shillings society sometimes sort Spain subsistence supposed surplus thousand pounds tion town wages of labour wealth Wealth of Nations wheat whole wool workmen