The Wealth of Nations by Adam Smith (the best motivational books .TXT) ๐
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The Wealth of Nations is economist Adam Smithโs 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 monarchโs 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 Smithโs 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.
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- Author: Adam Smith
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Above, here. โฉ
Above, here and here. โฉ
Lโordre naturel et essentiel des sociรฉtรฉs politiques, 1767, a quarto of 511 pages, seems, as G. Schelle (Du Pont de Nemours et lโรฉcole physiocratique, 1888, p. 46, note) remarks, not entitled to be called a โlittle book,โ but Smith may have been thinking of the edition in two vols., 12mo, 1767, nominally printed โร Londres chez Jean Nourse, libraire.โ โฉ
โTrois grandes inventions principales ont fondรฉ stablement les sociรฉtรฉs, indรฉpendamment de tant dโautres qui les ont ensuite dotรฉes et dรฉcorรฉes. Ces trois sont, 1ยฐ Lโinvention de lโรฉcriture, qui seule donne ร lโhumanitรฉ le pouvoir de transmettre, sans altรฉration, ses lois, ses pactes, ses annales et ses dรฉcouvertes. 2ยฐ Celle de la monnaie, qui lie tous les rapports entre les sociรฉtรฉs policรฉes. La troisiรจme enfin, qui est due ร notre รขge, et dont nos neveux profiteront, est un derivรฉ des deux autres, et les complette รฉgalement en perfectionnant leur objet: cโest la dรฉcouverte du Tableau รฉconomique, qui devenant dรฉsormais le truchement universel, embrasse, et accorde toutes les portions ou quotitรฉs correlatives, qui doivent entrer dans tous les calculs gรฉnรฉraux de lโordre รฉconomique.โ โโ Philosophie Rurale ou รฉconomie gรฉnรฉrale et politique de lโagriculture, pour servir de suite a lโAmi des Hommes, Amsterdam, 1766, tom. i, pp. 52, 53 โฉ
Du Halde, Description Gรฉographique, etc., de la Chine, tom. ii, p. 64. โฉ
Ed. 1 reads โMr. Langlet.โ โฉ
See the Journal of Mr. De Lange in Bellโs Travels, vol. ii. p. 258, 276 and 293. โโ Smith
Travels from St. Petersburg in Russia to Diverse Parts of Asia, by John Bell of Antermony, Glasgow, 1763. The mandarins requested the Russians to cease โfrom importuning the council about their beggarly commerce,โ p. 293. Smith was a subscriber to this book. The note is not in ed. 1. โโ Cannan โฉ
Ed. 1 reads โsorts.โ โฉ
Above, here through here. โฉ
Quesnay went further than this: โLโhistorien dit que le commerce qui se fit dans lโintรฉrieur de la Chine est si grand que celui de lโEurope ne peut pas lui รชtre comparรฉ.โ โโ Oeuvres, ed. Oncken, 1888, p. 603 โฉ
Ed. 1 reads โas well as all the other.โ โฉ
Ed. 1 reads โand in.โ โฉ
Ed. 1 does not contain โof.โ โฉ
Below, here. โฉ
Ed. 1 reads โfrom.โ โฉ
Montesquieu, Esprit des lois, liv. iv, chap. 8. โฉ
Ed. 1 reads โthat.โ โฉ
Ed. 1 reads โmore rich.โ โฉ
Lectures, p. 231; Montesquieu, Esprit des lois, liv. xv, chap. 8. โฉ
Plin. โโ Smith
Historia Naturalis l. ix c. 39. โโ Cannan โฉ
Plin. โโ Smith
Historia Naturalis l. viii c. 48. โโ Smith
Neither this nor the preceding note is in ed. 1. โโ Cannan โฉ
John Arbuthnot, Tables of Ancient Coins, Weights and Measures, 2nd ed., 1754, pp. 142โ โโ 145. โฉ
Above, here. โฉ
Ed. 1 reads โreal value.โ โฉ
Lectures, p. 14. โฉ
Ed. 1 reads โis.โ โฉ
What Thucydides says (ii, 97) is that no European or Asiatic nation could resist the Scythians if they were united. Ed. 1 reads here and on next page โThucidides.โ โฉ
Lectures, pp. 20, 21. โฉ
Ed. 1 reads โa good deal of.โ โฉ
Ed. 1 reads โor fifth.โ โฉ
Ed. 1 reads โso short a.โ โฉ
VII, 27. โฉ
Livy, v, 2. โฉ
Livy, iv, 59 ad fin. โฉ
Above, here. โฉ
Ed. 1 reads โnever can.โ โฉ
Ed. 1 reads โat whose expense they are employed.โ Repeated all but verbatim below, here. โฉ
Ed. 1 reads โis acquired.โ โฉ
As ed. 1 was published at the beginning of March, 1776, this must have been written less than a year after the outbreak of the war, which lasted eight years. โฉ
The Seven Yearsโ War, 1756โ โโ 1763. Ed. 1 reads โof which in the last war the valour appeared.โ โฉ
โThisโ is probably a misprint for โhis,โ the reading of Eds. 1โ โโ 3. โฉ
Ed. 1 reads โwhich.โ โฉ
Almost certainly a misprint for โdemonstrate,โ the reading of ed. 1. โฉ
Lectures, p. 29. โCromwel,โ which is Humeโs spelling, appears first in ed. 4 here, but above, here, it is so spelt in all editions. [S.E. Editorโs note: The spelling has been normalized to โCromwellโ across this entire edition.] โฉ
Lectures, p. 263. โฉ
Hume, History, ed. of 1773, vol. ii, p. 432, says the โfurious engine,โ artillery, โthough it seemed contrived for the destruction of mankind and the overthrow of empires, has in the issue rendered battles less bloody, and has given greater stability to civil societies,โ but his reasons are somewhat different from those in the text above. This part of the chapter is evidently adapted from Part iv โOf Armsโ in the Lectures, pp. 260โ โโ 264, and the dissertation on the rise, progress and fall of militarism in Part i, pp. 26โ โโ 34. โฉ
Ed. 1 reads โor.โ
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