An Inquiry into the Nature and Causes of the Wealth of Nations

$170.00

Adam Smith (Author)

Series: Historical Manuscripts
BISAC: BUS023000; BUS069030

This book is a foundational work in economic theory, written during the late 18th century. This treatise examines the fundamental principles that lead to a nation’s wealth, focusing on aspects like labor productivity, the effects of the division of labor, capital accumulation, and the roles that government and commerce play in economic development. At the start of the text, Smith outlines the central themes and structure of his inquiry, emphasizing the crucial relationship between labor and the wealth generated in a society. He argues that the productive powers of labor can be significantly improved through its division, which allows individuals to specialize in particular skills, ultimately leading to increased efficiency and output. Smith illustrates this concept through practical examples, such as the pin-making industry, where the division of labor leads to a drastic increase in production capacity. The opening chapters set the stage for a comprehensive exploration of economic principles, laying a foundation for readers to understand the relevant mechanics that drive economic prosperity.

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Table of Contents

Introduction and Plan of the Work

Section I. Of The Causes of Improvement in the Productive Powers of Labour, and of the Order According to Which Its Produce Is Naturally Distributed Among the Different Ranks of the People
Chapter I. Of the Division of Labour
Chapter II. Of the Principle Which Gives Occasion to the Division of Labour
Chapter III. That the Division of Labour Is Limited by the Extent of the Market
Chapter IV. Of the Origin and Use of Money
Chapter V. Of the Real and Nominal Price of Commodities, or of Their Price in Labour, and Their Price in Money
Chapter VI. Of the Component part of the Price of Commodities
Chapter VII. Of the Natural and Market Price of Commodities
Chapter VIII. Of the Wages of Labour
Chapter IX. Of the Profits of Stock
Chapter X. Of Wages and Profit in the Different Employments of Labour and Stock
Chapter XI. Of the Rent of Land

Section II. Of the Nature, Accumulation, and Employment of Stock
Chapter I. Of the Division of Stock
Chapter II. Of Money, Considered as a Particular Branch of the General Stock of the Society, or of the Expense of Maintaining the National Capital
Chapter III. Of the Accumulation of Capital, or of Productive and Unproductive Labour
Chapter IV. Of Stock Lent at Interest
Chapter V. Of the Different Employments of Capitals

Section III. Of the Different Progress of Opulence in Different Nations
Chapter I. Of the Natural Progress of Opulence
Chapter II. Of the Discouragement of Agriculture in the Ancient State of Europe, After the Fall of the Roman Empire
Chapter III. Of the Rise and Progress of Cities and Towns, After the Fall of the Roman Empire
Chapter IV. How the Commerce of Towns Contributed to the Improvement of the Country

Section IV. Of Systems of Political Economy
Chapter I. Of the Principle of the Commercial or Mercantile System
Chapter II. Of Restraints Upon Importation from Foreign Countries of Such Goods as Can Be Produced at Home
Chapter III. Of the Extraordinary Restraints Upon the Importation of Goods of Almost All Kinds, From those Countries with Which the Balance Is Supposed to Be Disadvantageous
Chapter IV. Of Drawbacks
Chapter V. Of Bounties
Chapter VI. Of Treaties of Commerce
Chapter VII. Of Colonies
Chapter VIII. Conclusion of the Mercantile System
Chapter IX. Of the Agricultural Systems, or of Those Systems of Political Economy Which Represent the Produce of Land, As Either the Sole or the Principal Source of the Revenue and Wealth of Every Country

Section V. Of the Revenue of the Sovereign or Commonwealth
Chapter I. Of the Expenses of the Sovereign or Commonwealth
Chapter II. Of the Sources of the General or Public Revenue of the Society
Chapter III. Of Public Debts

Index

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