"By preferring the support of domestic to that of foreign industry, he intends only his own security; and by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain; and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention. Nor is it always the worse for the society that it was no part of it."
Contains Active Table of Contents (HTML) and in the end of book include a bonus link to the free audiobook.
Adam Smith's masterpiece, first published in 1776, is the foundation of modern economic thought and remains the single most important account of the rise of, and the principles behind, modern capitalism. Written in clear and incisive prose, The Wealth of Nations articulates the concepts indispensable to an understanding of contemporary society.
The Wealth of Nations is the magnum opus of the Scottish economist and moral philosopher Adam Smith. The book offers one of the world's first collected descriptions of what builds nations' wealth, and is today a fundamental work in classical economics. By reflecting upon the economics at the beginning of the Industrial Revolution, the book touches upon such broad topics as the division of labor, productivity, and free markets. The Wealth of Nations was the product of seventeen years of notes and earlier works, as well as an observation of conversation among economists of the time concerning economic and societal conditions during the beginning of the Industrial Revolution. The result was a treatise which sought to offer a practical application for reformed economic theory to replace the mercantilist and physiocratic economic theories that were becoming less relevant in the time of industrial progress and innovation.
Una investigación sobre la naturaleza y causas de la riqueza de las naciones, o sencillamente La riqueza de las naciones, es la obra más célebre de Adam Smith. Publicado en 1776, es considerado el primer libro moderno de economía.
Examina diferentes sistemas de economía política, en particular, el mercantilismo y la fisiocracia; asimismo, desarrolla la idea de un orden natural. La riqueza de las naciones es hoy una de las obras más importantes de la disciplina económica. Se trata del documento fundador de la economía clásica y, sin duda, del liberalismo económico.
The Wealth of Nations is the magnum opus of the Scottish economist and moral philosopher Adam Smith. The book offers one of the world's first collected descriptions of what builds nations' wealth, and is today a fundamental work in classical economics. By reflecting upon the economics at the beginning of the Industrial Revolution, the book touches upon such broad topics as the division of labor, productivity, and free markets. The Wealth of Nations was the product of seventeen years of notes and earlier works, as well as an observation of conversation among economists of the time concerning economic and societal conditions during the beginning of the Industrial Revolution. The result was a treatise which sought to offer a practical application for reformed economic theory to replace the mercantilist and physiocratic economic theories that were becoming less relevant in the time of industrial progress and innovation.
The foundation for all modern economic thought and political economy, «The Wealth of Nations» is the magnum opus of Scottish economist Adam Smith, who introduces the world to the very idea of economics and capitalism in the modern sense of the words. Smith details his argument in the following five books:
Introduction and plan of the work
Part 1 Of the Causes of Improvement in the productive Powers of Labour, and of the Order according to which its Produce is naturally distributed among the different Ranks of the People
Chapter 1 Of the Division of Labour Chapter 2 Of the Principle which gives Occasion to the Division of Labour Chapter 3 That the Division of Labour is limited by the Extent of the Market Chapter 4 Of the Origin and Use of Money Chapter 5 Of the real and nominal Price of Commodities, or of their Price in Labour, and their Price in Money Chapter 6 Of the component Parts of the Price of Commodities Chapter 7 Of the natural and market Price of Commodities Chapter 8 Of the Wages of Labour Chapter 9 Of the Profits of Stock Chapter 10 Of Wages and Profit in the different Employments of Labour and Stock Chapter 11 Of the Rent of Land 1. First Period 2. Second Period 3. Third Period 4. First Sort 5. Second Sort 6. Third Sort 7. Conclusion of the chapter
Part 2 Of the Nature, Accumulation, and Employment of Stock
Chapter 1 Of the Division of Stock Chapter 2 Of Money considered as a particular Branch of the general Stock of the Society, or of the Experience of maintaining the National Capital Chapter 3 Of the Accumulation of Capital, or of productive and unproductive Labour Chapter 4 Of Stock lent at Interest Chapter 5 Of the different Employment of Capitals
Part 3 Of the different Progress of Opulence in different Nations
Chapter 1 Of the Natural Progress of Opulence Chapter 2 Of the Discouragement of Agriculture in the ancient State of Europe after the Fall of the Roman Empire Chapter 3 Of the Rise and Progress of Cities and Towns, after the Fall of the Roman Empire Chapter 4 How the Commerce of the Towns contributed to the Improvement of the Country
Part 4 Of Systems of political Economy
Chapter 1 Of the Principle of the commercial, or mercantile System Chapter 2 Of Restraints upon the Importation from foreign Countries of such Goods as can be produced at Home Chapter 3 Of the extraordinary Restraints upon the Importation of Goods of almost all Kinds, from those Countries with which the Balance is supposed to be disadvantageous 1. Of the Unreasonableness of those Restraints even upon the Principles of the Commercial System 2. Of the Unreasonableness of those extraordinary Restraints upon other Principles Chapter 4 Of Drawbacks Chapter 5 Of Bounties Chapter 6 Of Treaties of Commerce Chapter 7 Of Colonies 1. Of the Motives for establishing new Colonies 2. Causes of Prosperity of New Colonies 3. Of the Advantages which Europe has derived from the Discovery of America, and from that of a Passage to the East Indies by the Cape of Good Hope Chapter 8 Conclusion of the Mercantile System Chapter 9 Of the Agricultural Systems, or of those Systems of Political Economy, which represent the Produce of Land, as either the sole or the principal Source of the Revenue and Wealth of every Country
Part 5 Of the Revenue of the Sovereign or Commonwealth Chapter 1 Of the Expences of the Sovereign or Commonwealth 1. Of the Expense of Defence 2. Of the Expense of Justice 3. Of the Expense of Public Works and Public Institutions 4. Of the Expense of Supporting the Dignity of the Sovereign 5. Conclusion Chapter 2 Of the Sources of the general or public Revenue of the Society 1. Of the Funds or Sources of Revenue which may peculiarly belong to the Sovereign or Commonwealth 2. Of Taxes Chapter 3 Of public Debts AUDIO BOOK
The foundation for all modern economic thought and political economy, «The Wealth of Nations» is the magnum opus of Scottish economist Adam Smith, who introduces the world to the very idea of economics and capitalism in the modern sense of the words. Smith details his argument in the following five books:
Introduction and plan of the work
Part 1 Of the Causes of Improvement in the productive Powers of Labour, and of the Order according to which its Produce is naturally distributed among the different Ranks of the People
Chapter 1 Of the Division of Labour Chapter 2 Of the Principle which gives Occasion to the Division of Labour Chapter 3 That the Division of Labour is limited by the Extent of the Market Chapter 4 Of the Origin and Use of Money Chapter 5 Of the real and nominal Price of Commodities, or of their Price in Labour, and their Price in Money Chapter 6 Of the component Parts of the Price of Commodities Chapter 7 Of the natural and market Price of Commodities Chapter 8 Of the Wages of Labour Chapter 9 Of the Profits of Stock Chapter 10 Of Wages and Profit in the different Employments of Labour and Stock Chapter 11 Of the Rent of Land 1. First Period 2. Second Period 3. Third Period 4. First Sort 5. Second Sort 6. Third Sort 7. Conclusion of the chapter
Part 2 Of the Nature, Accumulation, and Employment of Stock
Chapter 1 Of the Division of Stock Chapter 2 Of Money considered as a particular Branch of the general Stock of the Society, or of the Experience of maintaining the National Capital Chapter 3 Of the Accumulation of Capital, or of productive and unproductive Labour Chapter 4 Of Stock lent at Interest Chapter 5 Of the different Employment of Capitals
Part 3 Of the different Progress of Opulence in different Nations
Chapter 1 Of the Natural Progress of Opulence Chapter 2 Of the Discouragement of Agriculture in the ancient State of Europe after the Fall of the Roman Empire Chapter 3 Of the Rise and Progress of Cities and Towns, after the Fall of the Roman Empire Chapter 4 How the Commerce of the Towns contributed to the Improvement of the Country
Part 4 Of Systems of political Economy
Chapter 1 Of the Principle of the commercial, or mercantile System Chapter 2 Of Restraints upon the Importation from foreign Countries of such Goods as can be produced at Home Chapter 3 Of the extraordinary Restraints upon the Importation of Goods of almost all Kinds, from those Countries with which the Balance is supposed to be disadvantageous 1. Of the Unreasonableness of those Restraints even upon the Principles of the Commercial System 2. Of the Unreasonableness of those extraordinary Restraints upon other Principles Chapter 4 Of Drawbacks Chapter 5 Of Bounties Chapter 6 Of Treaties of Commerce Chapter 7 Of Colonies 1. Of the Motives for establishing new Colonies 2. Causes of Prosperity of New Colonies 3. Of the Advantages which Europe has derived from the Discovery of America, and from that of a Passage to the East Indies by the Cape of Good Hope Chapter 8 Conclusion of the Mercantile System Chapter 9 Of the Agricultural Systems, or of those Systems of Political Economy, which represent the Produce of Land, as either the sole or the principal Source of the Revenue and Wealth of every Country
Part 5 Of the Revenue of the Sovereign or Commonwealth Chapter 1 Of the Expences of the Sovereign or Commonwealth 1. Of the Expense of Defence 2. Of the Expense of Justice 3. Of the Expense of Public Works and Public Institutions 4. Of the Expense of Supporting the Dignity of the Sovereign 5. Conclusion Chapter 2 Of the Sources of the general or public Revenue of the Society 1. Of the Funds or Sources of Revenue which may peculiarly belong to the Sovereign or Commonwealth 2. Of Taxes Chapter 3 Of public Debts AUDIO BOOK
The foundation for all modern economic thought and political economy, «The Wealth of Nations» is the magnum opus of Scottish economist Adam Smith, who introduces the world to the very idea of economics and capitalism in the modern sense of the words. Smith details his argument in the following five books:
Introduction and plan of the work
Part 1 Of the Causes of Improvement in the productive Powers of Labour, and of the Order according to which its Produce is naturally distributed among the different Ranks of the People
Chapter 1 Of the Division of Labour Chapter 2 Of the Principle which gives Occasion to the Division of Labour Chapter 3 That the Division of Labour is limited by the Extent of the Market Chapter 4 Of the Origin and Use of Money Chapter 5 Of the real and nominal Price of Commodities, or of their Price in Labour, and their Price in Money Chapter 6 Of the component Parts of the Price of Commodities Chapter 7 Of the natural and market Price of Commodities Chapter 8 Of the Wages of Labour Chapter 9 Of the Profits of Stock Chapter 10 Of Wages and Profit in the different Employments of Labour and Stock Chapter 11 Of the Rent of Land 1. First Period 2. Second Period 3. Third Period 4. First Sort 5. Second Sort 6. Third Sort 7. Conclusion of the chapter
Part 2 Of the Nature, Accumulation, and Employment of Stock
Chapter 1 Of the Division of Stock Chapter 2 Of Money considered as a particular Branch of the general Stock of the Society, or of the Experience of maintaining the National Capital Chapter 3 Of the Accumulation of Capital, or of productive and unproductive Labour Chapter 4 Of Stock lent at Interest Chapter 5 Of the different Employment of Capitals
Part 3 Of the different Progress of Opulence in different Nations
Chapter 1 Of the Natural Progress of Opulence Chapter 2 Of the Discouragement of Agriculture in the ancient State of Europe after the Fall of the Roman Empire Chapter 3 Of the Rise and Progress of Cities and Towns, after the Fall of the Roman Empire Chapter 4 How the Commerce of the Towns contributed to the Improvement of the Country
Part 4 Of Systems of political Economy
Chapter 1 Of the Principle of the commercial, or mercantile System Chapter 2 Of Restraints upon the Importation from foreign Countries of such Goods as can be produced at Home Chapter 3 Of the extraordinary Restraints upon the Importation of Goods of almost all Kinds, from those Countries with which the Balance is supposed to be disadvantageous 1. Of the Unreasonableness of those Restraints even upon the Principles of the Commercial System 2. Of the Unreasonableness of those extraordinary Restraints upon other Principles Chapter 4 Of Drawbacks Chapter 5 Of Bounties Chapter 6 Of Treaties of Commerce Chapter 7 Of Colonies 1. Of the Motives for establishing new Colonies 2. Causes of Prosperity of New Colonies 3. Of the Advantages which Europe has derived from the Discovery of America, and from that of a Passage to the East Indies by the Cape of Good Hope Chapter 8 Conclusion of the Mercantile System Chapter 9 Of the Agricultural Systems, or of those Systems of Political Economy, which represent the Produce of Land, as either the sole or the principal Source of the Revenue and Wealth of every Country
Part 5 Of the Revenue of the Sovereign or Commonwealth Chapter 1 Of the Expences of the Sovereign or Commonwealth 1. Of the Expense of Defence 2. Of the Expense of Justice 3. Of the Expense of Public Works and Public Institutions 4. Of the Expense of Supporting the Dignity of the Sovereign 5. Conclusion Chapter 2 Of the Sources of the general or public Revenue of the Society 1. Of the Funds or Sources of Revenue which may peculiarly belong to the Sovereign or Commonwealth 2. Of Taxes Chapter 3 Of public Debts AUDIO BOOK
The foundation for all modern economic thought and political economy, «The Wealth of Nations» is the magnum opus of Scottish economist Adam Smith, who introduces the world to the very idea of economics and capitalism in the modern sense of the words. Smith details his argument in the following five books:
Introduction and plan of the work
Part 1 Of the Causes of Improvement in the productive Powers of Labour, and of the Order according to which its Produce is naturally distributed among the different Ranks of the People
Chapter 1 Of the Division of Labour Chapter 2 Of the Principle which gives Occasion to the Division of Labour Chapter 3 That the Division of Labour is limited by the Extent of the Market Chapter 4 Of the Origin and Use of Money Chapter 5 Of the real and nominal Price of Commodities, or of their Price in Labour, and their Price in Money Chapter 6 Of the component Parts of the Price of Commodities Chapter 7 Of the natural and market Price of Commodities Chapter 8 Of the Wages of Labour Chapter 9 Of the Profits of Stock Chapter 10 Of Wages and Profit in the different Employments of Labour and Stock Chapter 11 Of the Rent of Land 1. First Period 2. Second Period 3. Third Period 4. First Sort 5. Second Sort 6. Third Sort 7. Conclusion of the chapter
Part 2 Of the Nature, Accumulation, and Employment of Stock
Chapter 1 Of the Division of Stock Chapter 2 Of Money considered as a particular Branch of the general Stock of the Society, or of the Experience of maintaining the National Capital Chapter 3 Of the Accumulation of Capital, or of productive and unproductive Labour Chapter 4 Of Stock lent at Interest Chapter 5 Of the different Employment of Capitals
Part 3 Of the different Progress of Opulence in different Nations
Chapter 1 Of the Natural Progress of Opulence Chapter 2 Of the Discouragement of Agriculture in the ancient State of Europe after the Fall of the Roman Empire Chapter 3 Of the Rise and Progress of Cities and Towns, after the Fall of the Roman Empire Chapter 4 How the Commerce of the Towns contributed to the Improvement of the Country
Part 4 Of Systems of political Economy
Chapter 1 Of the Principle of the commercial, or mercantile System Chapter 2 Of Restraints upon the Importation from foreign Countries of such Goods as can be produced at Home Chapter 3 Of the extraordinary Restraints upon the Importation of Goods of almost all Kinds, from those Countries with which the Balance is supposed to be disadvantageous 1. Of the Unreasonableness of those Restraints even upon the Principles of the Commercial System 2. Of the Unreasonableness of those extraordinary Restraints upon other Principles Chapter 4 Of Drawbacks Chapter 5 Of Bounties Chapter 6 Of Treaties of Commerce Chapter 7 Of Colonies 1. Of the Motives for establishing new Colonies 2. Causes of Prosperity of New Colonies 3. Of the Advantages which Europe has derived from the Discovery of America, and from that of a Passage to the East Indies by the Cape of Good Hope Chapter 8 Conclusion of the Mercantile System Chapter 9 Of the Agricultural Systems, or of those Systems of Political Economy, which represent the Produce of Land, as either the sole or the principal Source of the Revenue and Wealth of every Country
Part 5 Of the Revenue of the Sovereign or Commonwealth Chapter 1 Of the Expences of the Sovereign or Commonwealth 1. Of the Expense of Defence 2. Of the Expense of Justice 3. Of the Expense of Public Works and Public Institutions 4. Of the Expense of Supporting the Dignity of the Sovereign 5. Conclusion Chapter 2 Of the Sources of the general or public Revenue of the Society 1. Of the Funds or Sources of Revenue which may peculiarly belong to the Sovereign or Commonwealth 2. Of Taxes Chapter 3 Of public Debts AUDIO BOOK