By Fred R. Glahe
An Inquiry into the character and explanations of the Wealth of countries is the magnum opus of the Scottish economist Adam Smith. it's a basically written account of economics on the sunrise of the economic Revolution, in addition to a rhetorical piece written for the widely knowledgeable person of the 18th century - advocating a loose marketplace economic system as extra effective and more effective to society.The paintings is credited as a watershed in historical past and economics as a result of its complete, mostly exact characterization of financial mechanisms that live on in glossy economics; and likewise for its powerful use of rhetorical strategy, together with structuring the paintings to distinction genuine international examples of unfastened and fettered markets.---Исследование о природе и причине богатства народов (англ. An Inquiry into the character and explanations of the Wealth of countries) — основная работа шотландского экономиста Адама Смита, опубликованная nine марта 1776 года во времена Шотландского просвещения.Книга оказала значительное влияние на экономическую теорию и в частности на политическую экономию.Ещё при жизни Адама Смита книга выдержала пять изданий в Англии (в 1776, 1778, 1784, 1786 и 1789), была издана во Франции (первый перевод в 1779 году) и в Германии. Огромное количество изданий было сделано после смерти Смита (1790 год).Трактат состоит из five книг:
Причины увеличения производительности труда и порядок, в соответствии с которым его продукт естественным образом распределяется между классами народа;
О природе капитала, его накоплении и применении;
О развитии благосостояния у разных народов;
О системах политической экономии;
О доходах монарха или государства.
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Additional info for Adam Smith - An Inquiry Into The Nature And Causes Of The Wealth Of Nations
It would, after such an alteration, be payable with the same quantity of gold as before, but with very different quantities of silver. In the payment of such a note, gold would appear to be more invariable in its value than silver. Gold would appear to measure the value of silver, and silver would not appear to measure the value of gold. If the custom of keeping accounts, and of expressing promissory-notes and other obligations for money, in this manner should ever become general, gold, and not silver, would be considered as the metal which was peculiarly the standard or measure of value.
In this state of things, the whole produce of labour does not always belong to the labourer. He must in most cases share it with the owner of the stock which employs him. Neither is the quantity of labour commonly employed in acquiring or producing any commodity, the only circumstance which can regulate the quantity which it ought commonly to purchase, command or exchange for. An additional quantity, it is evident, must be due for the profits of the stock which advanced the wages and furnished the materials of that labour.
The capital which employs the weavers, for example, must be greater than that which employs the spinners; because it not only replaces that capital with its profits, but pays, besides, the wages of the weavers : and the profits must always bear some proportion to the capital. In the most improved societies, however, there are always a few commodities of which the price resolves itself into two parts only the wages of labour, and the profits of stock ; and a still smaller number, in which it consists altogether in the wages of labour.
Adam Smith - An Inquiry Into The Nature And Causes Of The Wealth Of Nations by Fred R. Glahe