Adam Smith

Wealth of Nations

Herausgeber: Bullock, Charles J.

• Gebundenes Buch

Produktbeschreibung

Adam Smith revolutionized economic theory with his 1776 work An Inquiry to the Nature and Causes of the Wealth of Nations. He proposed rules governing labor, supply, and demand; and describes division of labor, stockpiling of wealth, lending, and interest. Smith also discusses how economies lead to opulence. Wealth of Nations also offers a defense for free-market capitalism. This edition of Wealth of Nations is an abridged version edited by Harvard economics professor CHARLES JESSE BULLOCK (1869-1941) and published in 1901 by Harvard Classics, a series that offered the essential readings for anyone who wanted the functional equivalent of a liberal arts education. Any student of economics should be familiar with the concepts and laws that Smith developed, as much of economic theory is still based upon his work. Scottish economist and philosopher ADAM SMITH (1723-1790) helped set standards in the fields of political economics and moral philosophy, playing a key role in the early development of the scholarship of economics. His other writings include Essays on Philosophical Subjects.

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Produktdetails

• Verlag: Cosimo Classics
• Seitenzahl: 596
• Erscheinungstermin: 1. November 2007
• Englisch
• Abmessung: 222mm x 145mm x 38mm
• Gewicht: 977g
• ISBN-13: 9781602069404
• ISBN-10: 1602069409
• Artikelnr.: 23476422

Autorenporträt

Adam Smith (16 June 1723 - 17 July 1790) was a Scottish economist, philosopher and author as well as a moral philosopher, a pioneer of political economy and a key figure during the Scottish Enlightenment, also known as ''The Father of Economics'' or ''The Father of Capitalism.'' Smith wrote two classic works, The Theory of Moral Sentiments (1759) and An Inquiry into the Nature and Causes of the Wealth of Nations (1776). The latter, often abbreviated as The Wealth of Nations, is considered his magnum opus and the first modern work of economics. In his work, Adam Smith introduced his theory of absolute advantage. Smith studied social philosophy at the University of Glasgow and at Balliol College, Oxford. After graduating, he delivered a successful series of public lectures at the University of Edinburgh, leading him to collaborate with David Hume during the Scottish Enlightenment. Smith obtained a professorship at Glasgow, teaching moral philosophy and during this time, wrote and published The Theory of Moral Sentiments. In his later life, he took a tutoring position that allowed him to travel throughout Europe, where he met other intellectual leaders of his day. Smith laid the foundations of classical free market economic theory. The Wealth of Nations was a precursor to the modern academic discipline of economics. In this and other works, he developed the concept of division of labour and expounded upon how rational self-interest and competition can lead to economic prosperity. Smith was controversial in his own day and his general approach and writing style were often satirised by writers such as Horace Walpole.

Inhaltsangabe

Editor's Introduction by Johnathan B.Wight, University of Richmond
Notes on the Text
Introduction and Plan of the Work
Notable Quotes from The Wealth of Nations
Contents to The Wealth of Nations
Book 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 parts 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
PART I. Inequalities arising from the nature of the employments themselves
PART II Inequalities occasioned by the Policy of Europe
CHAPTER XI
Of the Rent of Land
PART I. Of the Produce of Land which always affords Rent
PART II. Of the Produce of Land, which sometimes does, and sometimes does
not, afford Rent
PART III. Of the variations in the Proportion between the respective Values
of that sort of Produce which always affords Rent, and of that which
sometimes does, and sometimes does not, afford Rent
Digression concerning the Variations in the value of Silver during the
Course of the Four last Centuries
FIRST PERIOD
SECOND PERIOD
THIRD PERIOD
Variations in the Proportion between the respective Values of Gold and
Silver Grounds of the suspicion that the Value of Silver still continues to
decrease Different Effects of the Progress of Improvement upon three
different sorts of rude Produce
First Sort
Second sort
Third Sort
Conclusion of the Digression concerning the Variations in the Value of
Silver Effects of the Progress of Improvement upon the real Price of
Manufactures
CONCLUSION of the CHAPTER
PRICES OF WHEAT
Book II
Of the Nature, Accululation, and Employment of Stock
CHAPTER I
Of the Division of Stock
CHAPTER II
Of Money, Considered as a Particular Branch of theGeneral 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 Employment of Capitals
Book 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 the Towns Contributed to the Improvement of the country
Book IV
Of Systems of Political Economy
Introduction
CHAPTER I
Of the Principle of the Commercial or Mercantile System
CHAPTER II
Of Restraints upon the Importation from Foreign Countries of such Goods 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
PART I. Of the Unreasonableness of those Restraints, even upon the
Principles of the Commercial System
Digression concerning Banks of Deposit, particularly concerning that of
Amsterdam
PART II. Of the Unreasonableness of those extraordinary Restraints, upon
other Principles
CHAPTER IV
Of Drawbacks
CHAPTER V
Of Bounties
Digression concerning the Corn Trade and Corn Laws
CHAPTER VI
Of Treaties of Commerce
PART I
PART II
PART III
CHAPTER VII
Of Colonies
PART I. Of the Motives for Establishing New Colonies
PART II. Causes of the Prosperity of New Colonies
PART III. Of the Advantages which Europe has derived From the Discovery of
America, and from that of a Passage to the East Indies by the Cape of Good
Hope
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 Principle Source
of the Revenue and Wealth of Every Country
Appendix to Book IV
Book V
Of the Revenue of the Sovereign or Commonwealth
CHAPTER I
Of the Expenses of the Sovereign or Commonwealth
PART I. Of the Expense of Defence
PART II. Of the Expense of Justice
PART III. Of the Expense of public Works and public Institutions
ARTICLE I. Of the public Works and Institutions for facilitating the
Commerce of the Society, And, first, of those which are necessary for
facilitating Commerce in general
Of the public Works and Institution which are necessary for facilitating
particular Branches of Commerce
ARTICLE II. Of the Expense of the Institution for the Education of Youth
ARTICLE III. Of the Expense of the Institutions for the Instruction of
People of all Ages
PART IV. Of the Expense of supporting the Dignity of the Sovereign
CONCLUSION
CHAPTER II
Of the Sources of the General or Public Revenue of the Society
PART I. Of the Funds, or Sources, of Revenue, which may peculiarly belong
to the Sovereign or Commonwealth
PART II. Of Taxes
ARTICLE I. Taxes upon Rent - Taxes upon the Rent of Land Taxes which are
proportioned, not in the Rent, but to the Produce of Land Taxes upon the
Rent of Houses
ARTICLE II. Taxes upon Profit, or upon the Revenue arising from Stock Taxes
upon the Profit of particular Employments
APPENDIX TO ARTICLES I AND II - Taxes upon the Capital Value of Lands,
Houses, and Stock
ARTICLE III. Taxes upon the Wages of Labour
ARTICLE IV. Taxes which it is intended should fall indifferently upon every
different Species of Revenue
Capitation Taxes
Taxes upon Consumable Commodities
Consumable commodities are either necessaries or luxuries
CHAPTER III
Of Public Debts
INDEX