By Fred R. Glahe
An Inquiry into the character and factors of the Wealth of countries is the magnum opus of the Scottish economist Adam Smith. it's a truly 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 efficient and greater to society.The paintings is credited as a watershed in historical past and economics as a result of its accomplished, mostly exact characterization of monetary mechanisms that live on in glossy economics; and in addition for its powerful use of rhetorical method, together with structuring the paintings to distinction actual global examples of loose 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
His profit, besides, is his revenue, the proper fund of his subsistence. As, while he is preparing and bringing the goods to market, he advances to his workmen their wages, or their subsistence ; so he advances to himself, in the same manner, his own subsistence, which is generally suitable to the profit which he may reasonably expect from the sale of his goods. Unless they yield him this profit, therefore, they do not repay him what they may very properly be said to have really cost him. Though the price, therefore, which leaves him this profit, is not always the lowest at which a dealer may sometimes sell his goods, it is the lowest at which he is likely to sell them for any considerable time; at least where there is perfect liberty, or where he may change his trade as often as he pleases.
I shall hereafter have occasion to make several comparisons of this kind. In the progress of industry, commercial nations have found it convenient to coin several different metals into money; gold for larger payments, silver for purchases of moderate value, and copper, or some other coarse metal, for those of still smaller consideration, They have always, however, considered one of those metals as more peculiarly the measure of value than any of the other two; and this preference seems generally to have been given to the metal which they happen first to make use of as the instrument of commerce.
There is likewise in every society or neighbourhood an ordinary or average rate of rent, which is regulated, too, as I shall shew hereafter, partly by the general circumstances of the society or neighbourhood in which the land is situated, and partly by the natural or improved fertility of the land. These ordinary or average rates may be called the natural rates of wages, profit and rent, at the time and place in which they commonly prevail. When the price of any commodity is neither more nor less than what is sufficient to pay the rent of the land, the wages of the labour, and the profits of the stock employed in raising, preparing, and bringing it to market, according to their natural rates, the commodity is then sold for what may be called its natural price.
Adam Smith - An Inquiry Into The Nature And Causes Of The Wealth Of Nations by Fred R. Glahe