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An Inquiry into the Nature and Causes of the Wealth of Nations, generally referred to by its shortened title The Wealth of Nations, is the magnum opus of the Scottish economist and moral philosopher Adam Smith (1723–1790).
This is an accepted version of this page This is the latest accepted revision, reviewed on 13 February 2025. Scottish economist and philosopher (1723–1790) This article is about the Scottish economist and philosopher. For other people named Adam Smith, see Adam Smith (disambiguation). Adam Smith FRS FRSE FRSA Posthumous Muir portrait, c. 1800 Born c. 16 June [O.S. c. 5 June] 1723 Kirkcaldy ...
Italiano: An inquiry into the nature and causes of the wealth of nations. 1 / by Adam Smith ; edited with an introduction, notes, marginal summary and an enlarged index by Edwin Cannan. - 3. - 3. ed. - London : Methuen & co., 1922.
The philosopher Adam Smith is often considered to be ... In a passage of An Inquiry into the Nature and Causes of the Wealth of Nations, Smith discusses the concepts ...
Adam Smith refuted Mercantilist thought with his most influential publication: An Inquiry into the Nature and Causes of the Wealth of Nations. [3] He argued against mercantilism, and instead favored free trade and free markets, while believing that this would favor the countries who participate in free trade. He elucidated that mercantilist ...
Adam Smith is considered the first theorist of what we commonly refer to as capitalism. His 1776 work, An Inquiry into the Nature and Causes of the Wealth of Nations, theorized that within a given stable system of commerce and evaluation, individuals would respond to the incentive of earning more by specializing their production.
Adam Smith portrait. In the first sentence of An Inquiry into the Nature and Causes of the Wealth of Nations (1776), Adam Smith foresaw the essence of industrialism by determining that division of labour represents a substantial increase in productivity. Like du Monceau, his example was the making of pins.
Adam Smith's title page of The Wealth of Nations. Smith's vision of a free market economy, based on secure property, capital accumulation, widening markets and a division of labour contrasted with the mercantilist tendency to attempt to "regulate all evil human actions." [56] Smith believed there were precisely three legitimate functions of ...