The Wealth of Nations by Adam Smith (the best motivational books .TXT) π
Description
The Wealth of Nations is economist Adam Smithβs magnum opus and the foundational text of what today we call classical economics. Its publication ushered in a new era of thinking and discussion about how economies function, a sea change away from the older, increasingly-irrelevant mercantilist and physiocratic views of economics towards a new practical application of economics for the birth of the industrial era. Its scope is vast, touching on concepts like free markets, supply and demand, division of labor, war, and public debt. Its fundamental message is that the wealth of a nation is measured not by the gold in the monarchβs treasury, but by its national income, which in turn is produced by labor, land, and capital.
Some ten years in the writing, The Wealth of Nations is the product of almost two decades of notes, study, and discussion. It was released to glowing praise, selling out its first print run in just six months and going through five subsequent editions and countless reprintings in Smithβs lifetime. It began inspiring legislators almost immediately and continued to do so well into the 1800s, and influenced thinkers ranging from Alexander Hamilton to Karl Marx.
Today, it is the second-most-cited book in the social sciences that was published before 1950, and its legacy as a foundational text places it in the stratosphere of civilization-changing books like Principia Mathematica and The Origin of Species.
Read free book Β«The Wealth of Nations by Adam Smith (the best motivational books .TXT) πΒ» - read online or download for free at americanlibrarybooks.com
- Author: Adam Smith
Read book online Β«The Wealth of Nations by Adam Smith (the best motivational books .TXT) πΒ». Author - Adam Smith
This passage is much the same as that which concludes book i, ch. ix, above, here; but this is the original, as the other was not in ed. 1. β©
Above, here. β©
Ed. 1 reads βwith a neighbouring country.β β©
Above, here. β©
Ed. 1 reads βwith a neighbouring country.β β©
These figures are given above, here; here. β©
These four sentences beginning with βAt some of the outportsβ are not in ed. 1. β©
Ed. 1 reads βpossesses.β β©
Ed. 1 places βa popular measureβ here. β©
Ed. 1 does not contain βin all future times.β β©
The date at which the non-importation agreement began to operate. β©
βFor the greater security of the valuable cargoes sent to America, as well as for the more easy prevention of fraud, the commerce of Spain with its colonies is carried on by fleets which sail under strong convoys. These fleets, consisting of two squadrons, one distinguished by the name of the Galeons, the other by that of the Flota, are equipped annually. Formerly they took their departure from Seville; but as the port of Cadiz has been found more commodious, they have sailed from it since the year 1720.β ββ W. Robertson, History of America, bk. viii.; in Works, 1825, vol. vii, p. 372 β©
By the treaty of Kainardji, 1774. β©
In 1773. β©
Ed. 1 reads βprevent it.β β©
Eds. 1 and 2 read βand employment.β β©
Ed. 1 reads βhave entirely conquered.β β©
Ed. 1 reads βown capital.β β©
Ed. 1 reads βextremely fit for a nation that is governed by shopkeepers. Such sovereigns and such sovereigns only.β β©
Ed. 1 reads βtheir subjects, to found and to maintain.β β©
Ed. 1 reads βisβ here and two lines lower down. β©
Ed. 1 reads βand a great part of that which preceded it.β β©
Below, here. β©
Ed. 1 reads βseem.β β©
βAucun des rΓ¨gnes prΓ©cΓ©dents nβa fourni plus de volumes, plus dβanecdotes, plus dβestampes, plus de piΓ¨ces fugitives, etc. Il y a dans tout cela bien des choses inutiles; mais comme Henri III vivait au milieu de son peuple, aucun dΓ©tail des actions de sa vie nβa echappΓ© Γ la curiositΓ©; et comme Paris Γ©tait le théÒtre des principaux Γ©vΓ©nements de la ligue, les bourgeois qui y avaient la plus grande part, conservaient soigneusement les moindres faits qui se passaient sous leurs yeux; tout ce quβils voyaient leur paraissait grand, parce quβils y participaient, et nous sommes curieux, sur parole, de faits dont la plupart ne faisaient peut-Γͺtre pas alors une grande nouvelle dans le monde.β ββ C. J. F. HΓ©nault, Nouvel AbrΓ©gΓ© chronologique de lβhistoire de France, nouv. Γ©d., 1768, p. 473, AD 1589 β©
Eds. 4 and 5 erroneously insert βtoβ here. β©
Eds. 1β ββ 3 read βwas.β β©
Eds. 1β ββ 3 read βwas.β β©
Ed. 1 reads βnations.β β©
Raynal begins his Histoire philosophique with the words βIl nβy a point eu dβΓ©vΓ©nement aussi intΓ©ressant pour lβespΓ¨ce humaine en gΓ©nΓ©ral et pour les peuples de lβEurope en particulier, que la dΓ©couverte du nouveau monde et le passage aux Indes par le Cap de Bonne-EspΓ©rance. Alors a commencΓ© une rΓ©volution dans le commerce, dans la puissance des nations, dans les mΕurs, lβindustrie et le gouvernement de tous les peuples.β β©
Above, this section. β©
Ed. 1 reads βdistant employment.β β©
See below, here. β©
The monopoly of the French East India Company was abolished in 1769. See the Continuation of Andersonβs Commerce, 1801, vol. iv, p. 128. β©
Raynal, Histoire philosophique, ed. Amsterdam, 1773, tom. i, p. 203, gives the original capital as 6,459,840 florins. β©
Eds. 1β ββ 3 read βif it was.β β©
Ed. 1 reads βthe principal branch.β β©
Raynal, Histoire philosophique, 1773, tom. i, p. 178. β©
Above, here through here. β©
Ed. 1 reads βthose.β β©
Ed. 1 does not contain βare said to.β The statement has already been twice made, here and here. β©
Ed. 1 reads βbarbarous.β β©
Ed. 1 reads βthe.β β©
Ed. 1 does not contain these four sentences beginning βIt is the interest.β β©
Smith had in his library (see Bonarβs Catalogue, p. 15) William Bolts, Considerations on India Affairs, Particularly Respecting the Present State of Bengal and Its Dependencies, ed. 1772. Pt. i, ch. xiv, of this is βOn the general modern trade of the English in Bengal; on the oppressions and monopolies which have been the causes of the decline of trade, the decrease of the revenues, and the present ruinous condition of affairs in Bengal.β At p. 215 we find βthe servants of the Companyβ ββ β¦ directly or indirectly monopolise whatever branches they please of the internal trade of those countries.β β©
The interest of every proprietor of India Stock, however, is by no means the same with that of the country in the government of which his vote gives him some influence. See Book V.
Comments (0)