By Adam Smith, Edwin Cannan, George J Stigler
"The Wealth of countries" is a huge e-book of economics, heritage, philosophy, and social feedback. it's even more than Adam Smith neckties at GOP conventions, simply because it is way than a reverential nod or in glossy textbooks. Econ scholars have to learn it to work out the place their self-discipline got here from and what it can be back. thankfully, Dickey's abridgment reproduces adequate of the textual content (about 25 percentage) to exhibit the intensity of Smith's erudition and the fantastic range of his pursuits. regrettably, the editorial gear is susceptible. The reviews are few in quantity and exceedingly short, and the fast Preface fails to place the ebook into ancient and highbrow context. Dickey does supply 4 appendices yet those take care of really really expert themes instead of the massive photograph.
Bottom line: this version is low-cost yet may not be the simplest one for college students.
Read or Download An Inquiry into the Nature and Causes of the Wealth of Nations PDF
Similar economic history books
Allan H. Meltzer’s significantly acclaimed background of the Federal Reserve is the main formidable, so much in depth, and so much revealing research of the topic ever performed. Its first quantity, released to frequent severe acclaim in 2003, spanned the interval from the institution’s founding in 1913 to the recovery of its independence in 1951.
This publication offers an exam and significant assessment of the worldwide monetary predicament (GFC). Asking many pertinent questions on the motives of the problem and its results, the booklet explores basic topics equivalent to asset bubbles and hypothesis within the monetary and non-financial markets, systemic dangers and the function of law and regulators.
This booklet is a quick yet finished survey of the paintings at the historical past of the family members in Western european. .. .
- World Economic Forum: A Multi-Stakeholder Approach to Global Governance
- Education, Economic Change and Society in England 1780-1870 (New Studies in Economic and Social History)
- The Great Recession: Market Failure or Policy Failure? (Studies in Macroeconomic History)
- Macroeconomics in the Small and the Large: Essays on Microfoundations, Marcoeconomic Applications and Economic History in Honor of Axel Leijonhufvud
- The Popperian Legacy in Economics: Papers Presented at a Symposium in Amsterdam, December 1985
- Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System from Crisis — and Themselves
Additional info for An Inquiry into the Nature and Causes of the Wealth of Nations
But when corn is at the latter price, not only the nominal, but the real value of a corn rent will be double of what it is when at the former, or will command double the quantity either of labour or of the greater part of other commodities; the money price of labour, and along with it that of most other things, continuing the same during all these Adam Smith ElecBook Classics The Wealth of Nations: Book 1 59 fluctuations. Labour, therefore, it appears evidently, is the only universal, as well as the only accurate measure of value, or the only standard by which we can compare the values of different commodities at all times, and at all places.
Copper, therefore, appears to have continued always the measure of value in that republic. At Rome all accounts appear to have been kept, and the value of all estates to have been computed either in asses or in sestertii. The as was always the denomination of a copper coin. The word sestertius signifies two asses and a half. Though the sestertius, therefore, was originally a silver coin, its value was estimated in copper. At Rome, one who owed a great deal of money was said to have a great deal of other people’s copper.
Before the institution of coined money, however, unless they went through this tedious and difficult operation, people must always have been liable to the grossest frauds and impositions, and instead of a pound weight of pure silver, or pure copper, might receive in exchange for their goods an adulterated composition of the coarsest and cheapest materials, which had, however, in their outward appearance, been made to resemble those metals. To prevent such abuses, to facilitate exchanges, and thereby to encourage all sorts of industry and commerce, it has been found necessary, in all countries that have made any considerable advances towards improvement, to affix a public stamp upon certain quantities of such particular metals as were in those countries commonly made use of to purchase goods.