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 sincerely written account of economics on the sunrise of the commercial Revolution, in addition to a rhetorical piece written for the commonly trained person of the 18th century - advocating a unfastened industry financial system as extra effective and greater to society.The paintings is credited as a watershed in heritage and economics because of its accomplished, principally exact characterization of monetary mechanisms that live on in sleek economics; and in addition for its potent use of rhetorical method, together with structuring the paintings to distinction genuine global examples of loose and fettered markets.---Исследование о природе и причине богатства народов (англ. An Inquiry into the character and factors 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

Example text

If it is rent, the interest of all other landlords will naturally prompt them to prepare more land for the raising of this commodity ; if it is wages or profit, the interest of all other labourers and dealers will soon prompt them to employ more labour and stock in preparing and bringing it to market. The quantity brought thither will soon be sufficient to supply the effectual demand. All the different parts of its price will soon sink to their natural rate, and the whole price to its natural price.

But the whole price of any commodity must still finally resolve itself into some one or other or all of those three parts; as whatever part of it remains after paying the rent of the land, and the price of the whole labour employed in raising, manufacturing, and bringing it to market, must necessarily be profit to somebody. As the price or exchangeable value of every particular commodity, taken separately, resolves itself into some one or other, or all of those three parts ; so that of all the commodities which compose the whole annual produce of the labour of every country, taken complexly, must resolve itself into the same three parts, and be parcelled out among different inhabitants of the country, either as the wages of their labour, the profits of their stock, or the rent of their land.

That the price of linen and woollen cloth is liable neither to such frequent, nor to such great variations, as the price of corn, every man's experience will inform him. The price of the one species of commodities varies only with the variations in the demand; that of the other varies not only with the variations in the demand, but with the much greater, and more frequent, variations in the quantity of what is brought to market, in order to supply that demand. The occasional and temporary fluctuations in the market price of any commodity fall chiefly upon those parts of its price which resolve themselves into wages and profit.

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