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

An Inquiry into the Nature Causes of the Wealth of Nations The annual labour of every nation is the fund which originally supplies it with all the necessaries and conveniencies of life which it annually consumes and which consist always either in the immedia

The annual labour of every nation is the fund which originally supplies it with all the necessaries and conveniencies of life which it annually consumes, and which consist always either in the immediate produce of that labour, or in what is purchased with that produce from other nations According, therefore, as this produce, or what is purchased with it, bears a greater oThe annual labour of every nation is the fund which originally supplies it with all the necessaries and conveniencies of life which it annually consumes, and which consist always either in the immediate produce of that labour, or in what is purchased with that produce from other nations According, therefore, as this produce, or what is purchased with it, bears a greater or smaller proportion to the number of those who are to consume it, the nation will be better or worse supplied with all the necessaries and conveniencies for which it has occasion.

  • ☆ An Inquiry into the Nature & Causes of the Wealth of Nations ✓ Adam Smith
    403 Adam Smith

About Author

  1. Adam Smith says:
    Although the exact date of Smith s birth is unknown, his baptism was recorded on 16 June 1723 at Kirkcaldy.A Scottish moral philosopher and a pioneer of political economy One of the key figures of the Scottish Enlightenment, Smith is the author of The Theory of Moral Sentiments and An Inquiry into the Nature and Causes of the Wealth of Nations The latter, usually abbreviated as The Wealth of Nations, is considered his magnum opus and the first modern work of economics Adam Smith is widely cited as the father of modern economics.For other authors of this name, see Adam Smith

Comment 184 on “An Inquiry into the Nature & Causes of the Wealth of Nations

  1. Szplug says:
    Sometimes I feel so very goddamned embarrassed by my lack of higher education There are just too many of the foundational works of Western civilization that I am only getting around to now, in my early forties and even with the padding of years, I feel depressingly unprepared heading into them So much fucking time wasted doing shit, when I could have been readingSmith is smooth, like a nice rye whisky Right off the bat, this artful Adam opens with a remark about the productive powers of labour, [...]

  2. Scott says:
    For a truth, about 3 4 of this book is 18th century blabber about corn prices Of the remaining 1 4, about 1 2 is criticism of mercantilsm, which is mostly obvious and definitely boring The remaining 1 8 of the book, however, is worth fighting through the rest for Even if you ve heard the explanation of the invisible hand a thousand times, there is something magical about reading the actual words by the father himself It is not from the benevolence of the butcher, the brewer, or the baker that we [...]

  3. Erik Graff says:
    A prideful and ambitious boy, hearing that President Kennedy had been a speed reader, I cut lawns and shovelled walks to pay for an Evelyn Wood Reading Dynamics program We met in the spare basement of the hideous modern structure that passed for Park Ridge s Inn a residence primarily for attendants and pilots from the airlines utilizing nearby O Hare International Airport I was a sopho, the youngest in class, quite serious and full of myself.The Wood method consisted, basically, of two parts Fir [...]

  4. Richard Fulgham says:
    The Wealth of Nations is the book that changed greed to a virtue instead of a sin In fact, greed is one of the Seven Deadly Sins in Christian theology Greed is a sin in ALL the great religions, including Judaism, Islam, Hinduism, Zen Buddhism, Buddhism, American Indian Spiritualism, Wiccan nature love, Bah Faith, Gnosticism Rastafari,Samaritanism, Indian Ayyavazhi, Jainism, Sikhism Iranian Ahl e Haqq, Manichaeism, Mazdak, Yazidi,Zoroastrianism, East Asian Confucianism, Taoism,Recent Cao Dai,Chon [...]

  5. Ahmad Sharabiani says:
    The Wealth of Nations, Adam Smith 1978 1357 18 1395 362

  6. Manny says:
    For some reason, the American Right tend to be as vehemently in favor of the Invisible Hand of the market as they are vehemently against the Invisible Hand of Darwinian selection And the old USSR was exactly the same, except that they reversed the two positions.Am I the only person who thinks this is just plain weird

  7. Anne says:
    How can one go through life without reading the Wealth of Nations Adam Smith had the idea of modern economics before the United States was even sovereign I go not so much for good writers, as I do for innovative and groundbreaking thinkers Imagine coming up with your own idea of an economic system long before the world was ready And unlike Marx, may I mention, Smith s ideals are not only flourishing and still seen today, but they are the foundation of the many, many economies and nations.

  8. Jon(athan) Nakapalau says:
    One of the hardest books I have ever read I feel overwhelmed as far as the concepts so I will just make a general comment If you want to understand the foundational concepts of economic policy and have the perspective of a true genius then this book is for you It is SCARY how many situations Adam Smith predicted and it is sad how little things have changed as far as the wealthy and the poor If you read this book and Das Capital I would argue that you will be able to hold your own as far as any l [...]

  9. Edward says:
    AcknowledgementsIntroductionNote on the TextSelect BibliographyA Chronology of Adam Smith and His Times An Inquiry into the Nature and Causes of the Wealth of Nations Abridged Explanatory Notes and CommentaryIndex

  10. Jacqueline says:
    Always a great classic on economics His one fatal flaw was opening the door for Marx By placing value based on labor, laborers feel they are the ones that deserve all the reward Labor means nothing if no one wants the item being produced The free market drives price, not the amount of labor put into a product.Great chance to see and understand how economics developed.

  11. Dave says:
    Adam Smith s An Inquiry Into The Nature And Causes Of The Wealth Of Nations often called simply The Wealth Of Nations is one of two great works from the Scottish economist and philosopher, the other being the lesser known The Theory of Moral Sentiments The Wealth Of Nations was published on March 9th, of 1776, but there were additional editions in 1778, 1784, 1786, and 1789 I read the free Kindle version of The Wealth Of Nations , and while I do not recommend that version I do recommend the over [...]

  12. Michelle says:
    Up there with the Bible as one of the most misquoted books of all time I strongly suspect that most people who believe themselves to be disciples of Adam Smith have never actually read this book Adam had no time for theoretical economic models and doctrinaire dog eat dog free market dogma He was an empiricist and a moralist who believed people should be given the opportunity to make the best of themselves, but that the most vulnerable members of society should be taken care of by the group Hard [...]

  13. 11811 (Eleven) says:
    This is a pillar of western civilization but not much fun so don t read it unless you have to A Wiki should give you information than you need to know The 7 hour abridged Audible edition gave me far info than I needed or wanted Thank God that s over.

  14. Emre Poyraz says:
    I would say that this is the most overrated book in economics That does not mean that this book is without its merits, but I was definitely frustrated Let me tell you why 1 Smith, in various places in the book, criticizes merchantilists and others However, since the average reader even the average economist has no knowledge of merchantilists and physiocrats, all his comments SEEM correct, whereas in fact they are just simplistic and unfair merchantilists never confused wealth and money, and phys [...]

  15. Mohammad Ali Abedi says:
    Money, says the proverb, makes money When you have got a little, it is often easy to get The great difficulty is to get that little This book was absolutely a pain to get through Maybe the biggest difference between 2012 and 1776 is that people have less patience This economic book, seems to have made a huge influence on future economists and capitalists, but reading over 1000 pages on extremely dry economics was really difficult for me There are some good ideas in the book, but reading pages a [...]

  16. Daniel says:
    Three things happened in 1776.1 The Revolutionary war started Declaration of Independence.2 Watt s first steam engine powered Wilkinson siron foundry blowers.3 Adam Smith published The Wealth of Nations.

  17. Stephen says:
    4.0 stars I read this on my own in law school I know, I know, who does that right Well I obtained this as part of my Easton Press colleciton of Books That Changed the World I remember being really intrigued by the book and it made me interested in the history of economics.

  18. Ana Rînceanu says:
    This book was far too long Too much talk of corn prices and criticism of mercantilism But once you get to the parts regarding Smith s idea of free markets, unregulated by the state, things get interesting.Having lived through an economic crisis, I was hesitant to give this book a try, but I m glad I did it It s good to see how 18th century people though free markets would work back then no one had even heard of corporations and businesses belonged to specific people Compared with what came befor [...]

  19. Dan says:
    We know from experience that Smith s system is not complete unto itself In fact, Smith himself would probably have admitted this His references to ancient history and political philosophy would seem to show not only that he accepted that the territory of statecraft is not entirely contained within the borders of classical economics but also that he accepted the State s place alongside the Market as a fundamental, primordial feature of social existence.That much being said, Smith deserves credit [...]

  20. Robert says:
    A long time to read, but providing interesting perspective Adam Smith is called the Father of Modern Economics After reading his book, considered his magnum opus great work , I have the following thought to share.Smith discusses three types of people those who make money by rent, by labor, and by employment of stock With respect to the various laws each of these group tends to propose, he considers the likely merits Those who make money by rent can only make money if the people who supply that r [...]

  21. Anna Esq. says:
    Keeping in mind this book was published in 1776, the same year the US was founded, and that it is written in the language of the time, this is a thorough examination of how patterns of trade, currency, and growth occur The foundation upon which all other economics books are written.Stick this book in your bathroom and read one of the short little 12 page chapters every time you pay an extended visit At over 1000 pages, it will take a while, but if you want to teach yourself how to debunk the fre [...]

  22. Abram Dorrough says:
    The most influential book of all time Every commodity and service we enjoy from transportation to technology to cheaper metal production has come because of those who have stood on the giant shoulders of Adam Smith.

  23. Ari Goldfarb says:
    A text that s still relevant and its main points still taught The Wealth of Nations is far from a short read, but I feel like it s main points are pretty easy to sum up and since when they have been put into practice we have seen the results intended, it has maintained its importance.Basically it states that producers are better off investing in capital and labor creating a division of labor so each laborer only has to specialize in one task, thus creating a far efficient output Ultimately spec [...]

  24. Julie says:
    My Summary The natural processes of a successful economy are found in Adam Smith s Wealth of Nations Although two hundred plus years old, Smith focuses on significantly profound and pertinent principles for any age Stressing that regulations tend to limit prosperity and production, his extensive research of history and economics proves that a free market is an effective system in producing a wealthy nation The object of political economy of every country is to increase the riches and power of th [...]

  25. kevin says:
    The Wealth of Nations is an overview of economics by the Scottish philosopher Adam Smith around the time of the American Revolution At the time of the writing, the popular ideology of economics was mercantilism that is, countries should export as much products and import as much gold as possible Hence, the somewhat strange title of the book The fact that capitalism and economics were not common phrases at the times doesn t help either Much of what the book says confirms what any Economics 101 co [...]

  26. Anthony Buckley says:
    It is so easy, in the wake of Reaganesque and Thatcheresque economics to see The Wealth of Nations as a conservative tome In fact, it has the whiff of radical thought about it, for it helped overturn an old world, and sought to liberate not only the businessman, but also the worker.

  27. Councillor says:
    Discussed parts of it in school, so I know about most of Smith s major ideas, but I never read the actual book except for some segments.

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