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

About this book

An Inquiry Into the Nature and Causes of the Wealth of Nations is a book written by Adam Smith, which is considered a seminal work in the field of economics. This book was first published in 1776 and is divided into five books. The main focus of this book is to analyze the factors that contribute to the creation of wealth and economic growth in a country. It explores the role of division of labor, the importance of free trade, the impact of government regulations on the economy, and the influence of international trade on economic development.The tenth volume of Harvard Classics includes this book, which is a classic in the field of economics. It is a must-read for anyone interested in understanding the basics of economic theory and its application in the real world. The book is written in a clear and concise manner, making it accessible to both scholars and non-experts alike. It provides a comprehensive overview of the economic systems that existed during Smith's time and the principles that underpin modern economic theory. The book's enduring legacy lies in its advocacy for free markets and the idea that individuals pursuing their own self-interest can lead to the greater good for society as a whole.1909. Political economy had been studied long before Adam Smith, but the Wealth of Nations may be said to constitute it for the first time as a separate science. The work was based upon a vast historical knowledge, and its principles were worked out with remarkable sanity as well as ingenuity, and skillfully illuminated by apt illustrations. In spite of more than a century of speculation, criticism, and the amassing of new facts and fresh experience, the work still stands at the best all-round statement and defense of some of the fundamental principles of the science of economics. Contents: Of the Causes of Improvement in the Productive Power of Labor and of the Order According to Which its Produce is Naturally Distributed Among the Different Ranks of the People. Of the Nature, Accumulation, and Employment of Stock. Of the Different Progress of Opulence in Different Nations. Of Systems of Political Economy. Of the Revenue of the Sovereign or Commonwealth.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.