Wealth of Nations [NOOK Book]

Overview

The annual labour of every nation is the fund which originally supplies it with all the necessaries and conveniencies of life which it annually consumes, and which consist always either in the immediate produce of that labour, or in what is purchased with that produce from other nations.
According, therefore, as this produce, or what is purchased with it, bears a greater or smaller proportion to the number of those who are to consume it, the nation will be better or worse ...
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Wealth of Nations

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Overview

The annual labour of every nation is the fund which originally supplies it with all the necessaries and conveniencies of life which it annually consumes, and which consist always either in the immediate produce of that labour, or in what is purchased with that produce from other nations.
According, therefore, as this produce, or what is purchased with it, bears a greater or smaller proportion to the number of those who are to consume it, the nation will be better or worse supplied with all the necessaries and conveniencies for which it has occasion.
But this proportion must in every nation be regulated by two different circumstances: first, by the skill, dexterity, and judgment with which its labour is generally applied; and, secondly, by the proportion between the number of those who are employed in useful labour, and that of those who are not so employed. Whatever be the soil, climate, or extent of territory of any particular nation, the abundance or scantiness of its annual supply must, in that particular situation, depend upon those two circumstances.
The abundance or scantiness of this supply, too, seems to depend more upon the former of those two circumstances than upon the latter. Among the savage nations of hunters and fishers, every individual who is able to work is more or less employed in useful labour, and endeavours to provide, as well as he can, the necessaries and conveniencies of life, for himself, and such of his family or tribe as are either too old, or too young, or too infirm, to go a-hunting and fishing. Such nations, however, are so miserably poor, that, from mere want, they are frequently reduced, or at least think themselves reduced, to the necessity sometimes of directly destroying, and sometimes of abandoning their infants, their old people, and those afflicted with lingering diseases, to perish with hunger, or to be devoured by wild beasts. Among civilized and thriving nations, on the contrary, though a great number of people do not labour at all, many of whom consume the produce of ten times, frequently of a hundred times, more labour than the greater part of those who work; yet the produce of the whole labour of the society is so great, that all are often abundantly supplied; and a workman, even of the lowest and poorest order, if he is frugal and industrious, may enjoy a greater share of the necessaries and conveniencies of life than it is possible for any savage to acquire.
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Product Details

  • BN ID: 2940149429073
  • Publisher: Starling and Black
  • Publication date: 4/4/2014
  • Sold by: Barnes & Noble
  • Format: eBook
  • File size: 683 KB

Customer Reviews

Average Rating 4
( 26 )
Rating Distribution

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(11)

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(8)

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See All Sort by: Showing 1 – 20 of 26 Customer Reviews
  • Posted October 27, 2009

    Beware! Great Minds edition is ABRIDGED!

    To sell an abridged edition without stating that is in fact abridged is, simply, fraud. I would like to read, and make up my own mind about as well as learn from, ALL of what Adam Smith wrote.

    21 out of 22 people found this review helpful.

    Was this review helpful? Yes  No   Report this review
  • Anonymous

    Posted May 25, 2007

    A reviewer

    Nobody seriously involved in economics can do without this exhaustive work, originally published in five volumes as An Inquiry into the Nature and Causes of the Wealth of Nations. This classic is a pragmatic and accessible milestone in the history of economics. Its author, Adam Smith, is woven into every economics textbook. However, Smith¿s theories, which today often are recounted mostly in fragments, frequently incorrectly, reveal their entire social and economic innovative power only in context. Smith burst onto the scene at a time when absolutist national states monopolized the world's precious metal reserves and tried to increase their own wealth through stringent export policies. These states were motivated by an entirely new concept about national wealth: that it stemmed from the work of the country's people, not from gold. Based on that idea, economic markets should balance themselves as if guided by an 'invisible hand,' impelled by each individual's self-interest. The state has to provide only an orderly framework and specific public goods and services. Even though Smith's image of idealized economic and social harmony may have developed a few cracks over the course of time, his ideas have inspired many well-known economists during the past 250 years, including David Ricardo, Vilfredo Pareto, Friedrich August von Hayek and Milton Friedman. We highly recommend this seminal work.

    8 out of 10 people found this review helpful.

    Was this review helpful? Yes  No   Report this review
  • Anonymous

    Posted December 31, 2011

    ABRIDGED

    ABRIDGED

    6 out of 6 people found this review helpful.

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  • Anonymous

    Posted October 4, 2002

    The Founding Book of Capitalism and Economics

    Written by Adam Smith who was the founding father of capitalism. This book was the the historical book that changed the views of many people. This book is highly regarded in the economics community. I reccomend it for anyone who is interested in econ or capitalism. A must read for any thinkers.

    4 out of 4 people found this review helpful.

    Was this review helpful? Yes  No   Report this review
  • Posted October 4, 2010

    more from this reviewer

    Seminal work from the father of economics

    getAbstract believes that no serious economist can do without this exhaustive work, originally published in five volumes as An Inquiry into the Nature and Causes of the Wealth of Nations. This classic is a pragmatic and accessible milestone in the history of economics. Its author, Adam Smith, is woven into every economics textbook. However, Smith's theories, which today often are recounted mostly in fragments, frequently incorrectly, reveal their entire social and economic innovative power only in context. Smith burst onto the scene at a time when absolutist national states monopolized the world's precious metal reserves and tried to increase their own wealth through stringent export policies. These states were motivated by an entirely new concept about national wealth: that it stemmed from the work of the country's people, not from gold. Based on that idea, economic markets should balance themselves as if guided by an "invisible hand," impelled by each individual's self-interest. The state has to provide only an orderly framework and specific public goods and services. Even though Smith's image of idealized economic and social harmony may have developed a few cracks over the course of time, his ideas have inspired many well-known economists during the past 250 years, including David Ricardo, Vilfredo Pareto and Milton Friedman.

    1 out of 2 people found this review helpful.

    Was this review helpful? Yes  No   Report this review
  • Anonymous

    Posted August 25, 2009

    I Also Recommend:

    Difficult but Rewarding

    Extremely tedious, laborious reading with somewhat outdated vernacular, but a must-read for those interested in the history of economic theory.

    1 out of 3 people found this review helpful.

    Was this review helpful? Yes  No   Report this review
  • Anonymous

    Posted March 12, 2006

    good insights

    I was happy to read this book, again. Full of insights on a changing age. For our current affairs, I recommend a sharp new book China's global reach by george zhibin gu, whose vision and messages are as big as Smith.

    1 out of 3 people found this review helpful.

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  • Anonymous

    Posted July 30, 2005

    Great Version of a Classic!

    This is a great unabridged version of the great (and first) economics classic, with rather nice paper, and a nice typeface, includes a chronology of Adam Smith's life, and also has a built in bookmark (the ribbon type) which is handy. However, either due to the age (14 yrs old, published in '91) or lack of quality, all the black parts (which are made of some sort of ink) on the book, get rubbed off after a while. That's the only reason I gave it only four stars, as it tends to look a little tacky, with big patches missing from the book label. However, if you don't mind that, this is an excellent edition.

    1 out of 2 people found this review helpful.

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  • Posted August 24, 2014

    This is reprint's Edwin Cannan's extensively annotated 1904 scho

    This is reprint's Edwin Cannan's extensively annotated 1904 scholarly edition. This is the edition reprinted by the University of Chicago Press in 1976 for the 200th anniversary of its original publication. You can be assured that this is the most widely accepted, standard academic edition.
    It does not contain Cannan's Introduction or Index. It does contain his Notes and Marginal Summary. Obviously it does not have the George J. Stigler's Preface from the UofC edition, but it contains an introduction by Robert Reich, commentary by R. H. Campbell and A. S. Skinner and a Modern Library "Reading Group Guide".
    Having looked over all of the edition's on the B&N site, I recommend this one as superior to the others, even if more expensive.

    Was this review helpful? Yes  No   Report this review
  • Anonymous

    Posted November 20, 2008

    No text was provided for this review.

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    Posted May 9, 2010

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    Posted January 25, 2010

    No text was provided for this review.

  • Anonymous

    Posted March 17, 2009

    No text was provided for this review.

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    Posted October 24, 2008

    No text was provided for this review.

  • Anonymous

    Posted September 4, 2010

    No text was provided for this review.

  • Anonymous

    Posted April 11, 2009

    No text was provided for this review.

  • Anonymous

    Posted June 20, 2009

    No text was provided for this review.

  • Anonymous

    Posted September 12, 2009

    No text was provided for this review.

  • Anonymous

    Posted November 4, 2008

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  • Anonymous

    Posted February 21, 2010

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