SMITH, A.: Wealth of Nations (The)
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Adam Smith (1723-90) has come to contemporary prominence with his picture on the 20 pound note. It was Smith who first established economics as a separate...
Adam Smith (1723-90) has come to contemporary prominence with his picture on the 20 pound note. It was Smith who first established economics as a separate branch of knowledge, and many would say his work has never been surpassed. The Wealth of Nations, which appeared in 1776, is the definitive text.
The Wealth of Nations (more info)
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Introduction and Plan of the Work - 5:35
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BOOK 1: Of the causes of Improvement… - 7:14
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The corn of the rich country… - 7:49
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All the improvements in machinery… - 5:49
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Chapter 2: Of the principal which Gives Occasion… - 4:28
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As it is by treaty… - 4:46
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Chapter 3: That the Division of Labour… - 6:09
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The nations that, according to the best… - 4:42
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Chapter 4: Of the origin and use of money - 5:19
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The use of metals in this rude state… - 5:41
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During the first race… - 5:05
The Wealth of Nations (more info)
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Chapter 5: Of the Real and Nominal Price… - 6:17
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Gold and silver, however… - 7:10
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Equal quantities of labour… - 8:05
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Chapter 6: Of the Component Part… - 6:10
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As soon as the land of any country… - 6:23
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Whoever derives his revenue… - 5:07
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Chapter 7: Of the Natural and Market Price of Commodities - 6:50
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If, on the contrary… - 6:47
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Secrets in manufactures… - 6:23
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Chapter 8: Of the Wages of Labour - 6:05
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We rarely hear, it has been said… - 8:12
The Wealth of Nations (more info)
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Though the wealth of a country… - 5:58
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The liberal reward of labour… - 4:40
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Grain, the food of the common people… - 5:47
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BOOK 2: Of the Nature, Accumulation… - 4:02
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Chapter 1: Of the Division of Stock - 5:56
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The first is that portion… - 6:19
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Of these four parts… - 6:27
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Chapter 2: Of Money, considered as a Particular Branch… - 6:05
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The expense of maintaining the fixed capital - 6:01
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Thus, if a guinea be the weekly pension… - 5:20
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Chapter 3: Of the Accumulation of Capital… - 5:28
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That part of the annual produce… - 5:48
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In the opulent countries of Europe… - 5:19
The Wealth of Nations (more info)
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There was little trade or industry in Edinburgh… - 5:53
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Though the expense of the prodigal… - 4:54
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It can seldom happen… - 4:39
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Chapter 5: Of the Different Employments… - 7:39
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Part of the capital of the master… - 8:26
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BOOK 3: Of the Different Progress… - 5:36
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Without the assistance of some artificers… - 6:19
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Chapter 3: Of the Rise and Progress… - 6:10
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Nor was this all. - 6:32
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In countries such as France… - 6:59
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Sometimes they have been introduced… - 6:23
The Wealth of Nations (more info)
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Chapter 4: How the Commerce of the Towns Contributed - 8:04
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It is a mistake to imagine… - 7:35
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The personal expense of the great proprietor - 5:12
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Compare the slow progress… - 5:32
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These encouragements… - 5:03
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BOOK 4: Of Systems of Political Economy - 6:43
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Such as they were… - 6:31
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The discovery of a passage… - 7:51
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Chapter 2: Of Restraints Upon the Importation… - 7:04
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Secondly, every individual… - 6:25
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The second case, in which it will generally… - 5:19
The Wealth of Nations (more info)
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Chapter 3: Of the Extraordinary Restraints… - 6:05
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If it was not with tobacco… - 7:30
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By such maxims as these, however… - 8:01
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But the very same circumstances… - 4:45
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Chapter 7: Of Colonies - 7:40
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England, it must be observed… - 5:25
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To found a great empire… - 8:11
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In order to render any province advantageous - 7:19
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Chapter 9: Of the Agricultural Systems… - 6:25
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The sovereigns of China… - 6:28
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The greatest and most important branch… - 5:05