The Wealth of Nations by Adam Smith (the best motivational books .TXT) π
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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.
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- Author: Adam Smith
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Eds. 1β ββ 3 read the indicative, βdestroys.β β©
Misprinted βitβ in ed. 5. β©
βLes Dettes dβun Γtat sont des dettes de la main droite Γ la main gauche, dont le corps ne se trouvera point affaibli, sβil Γ la quantitΓ© dβaliments nΓ©cessaires, et sβil sait les distribuer.β ββ Melon, Essai politique sur le Commerce, chap. xxiii, ed. of 1761, p. 296 β©
Ed. 1 reads βmost.β β©
Above, here. β©
Eds. 1 and 2 read βseems.β β©
Raynal says βLβΓ©vidence autorise seulement Γ dire que les gouvernements qui pour le malheur des peuples ont adoptΓ© le dΓ©testable systΓ¨me des emprunts doivent tΓ΄t ou tard lβabjurer: et que lβabus quβils en ont fait les forcera vraisemblablement Γ Γͺtre infidΓ¨les.β ββ Histoire philosophique, Amsterdam, 1773, tom. iv, p. 274 β©
Eds. 1 and 2 read βlaterβ; cp. above, here. β©
This chapter of Roman history is based on a few sentences in Pliny, Historia Naturalis, lib. xxxiii, cap. iii. Modern criticism has discovered the facts to be not nearly so simple as they are represented in the text. β©
See Du Cange Glossary, voce Moneta; the Benedictine edition. ββ Smith
This gives a table of the alterations made in the coin and refers to Le Blanc, TraitΓ© historique des Monnoyes de France, 1792, in which the fact that the officers were adjured by their oaths to keep the matter secret is mentioned on p. 218, but the adjuration is also quoted in the more accessible Melon, Essai politique sur le Commerce, chap. xiii, ed. of 1761, p. 177. ββ Cannan β©
Misprinted βneverβ in Eds. 2β ββ 5. β©
Ed. 1 reads βeither of.β β©
Ed. 1 reads βor.β β©
Above, here, here through here. β©
Above, here. β©
Above, here. β©
Eds. 1β ββ 3 read βwas.β β©
Given in the Continuation of Andersonβs Commerce, AD 1774, vol. iv, p. 178, in ed. of 1801. β©
Above, here. β©
Ed. 1 reads βlateβ; cp. above, here. β©
Eds. 1 and 2 read βWest Indian.β β©
Eds. 1β ββ 3 read βwasβ here and five lines below. β©
Eds. 1β ββ 3 read βwas.β β©
Above, here through here. β©
Ed. 1 omits βthe.β β©
See Hutchinsonβs History of Massachusettβs Bay, Vol. II, page 436 & seq. ββ Smith
History of the Colony of Massachusets Bay, 2nd ed., 1765β ββ 8. ββ Cannan β©
Ed. 1 reads βof.β β©
Ed. 1 reads βmust generally.β β©
Ed. 1 reads βpaid either.β β©
See this note. β©
Ed. 1 reads βgold and silver.β β©
Eds. 1β ββ 3 read βwas.β β©
Above, here. β©
Above, here through here. β©
See above, here. β©
In Additions and Corrections this matter is printed in the text, and consequently the reading here is βconfirm what is said above.β β©
ColophonThe Wealth of Nations
was published in 1776 by
Adam Smith.
Threadable
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