Wealth of Nations

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Cosimo, Inc., 01.11.2007 - 596 Seiten
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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Inhalt

BOOK
7
CHAP
16
That the Division of Labour is Limited by the Extent of
24
Of the Real and Nominal Price of Commodities or of Their
36
Of the Component Parts of the Price of Commodities
50
Of the Natural and Market Price of Commodities
58
Of the Wages of Labour
68
Of the Profits of Stock
93
BOOK II
221
Of Money Considered as a Particular Branch of the General
233
PAGE
301
CHAP
319
OF SYSTEMS OF POLITICAL ECONOMY
325
Such Goods as Can Be Produced at Home
348
of Almost All Kinds from Those Countries with which
370
Economy Which Represent the Produce of Land as Either
446

and Stock
105
Of the Rent of Land
153
468
574
Urheberrecht

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Seite 12 - But if they had all wrought separately and independently, and without any of them having been educated to this peculiar business, they certainly could not each of them have made twenty, perhaps not one pin in a day ; that is, certainly, not the two hundred and fortieth, perhaps not the four thousand eight hundredth part of what they are at present capable of performing, in consequence of a proper division and combination of their different operations.
Seite 21 - It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard to their own interest. We address ourselves, not to their humanity but to their self-love, and never talk to them of our own necessities but of their advantages.

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