3 December 2007,
New York, Rockefeller Center
Price realised USD 91,000
Estimate USD 40,000 - USD 60,000
SMITH, Adam (1723-1790). An Inquiry into the Nature and Causes of the Wealth of Nations. London: for W. Strahan and T. Cadell, 1776.
2 volumes, 4o (300 x 240 mm). Half-title in volume II only as issued. (Mm2 clean tear across text, blank corner of 3E1 torn away, small hole to blank margin of title of vol. 2 repaired, minor maringal worming to 4C1-4F2). Original boards, rebacked in calf, UNCUT (some light staining to sides). Provenance: The Brick Row Shop (morocco label on front pastedown).
FIRST EDITION OF "THE FIRST AND GREATEST CLASSIC OF MODERN ECONOMIC THOUGHT" (PMM). In his Wealth of Nations, Smith "begins with the thought that labour is the source from which a nation derives what is necessary to it. The improvement of the division of labour is the measure of productivity and in it lies the human propensity to barter and exchange... The Wealth of Nations ends with a history of economic development, a definitive onslaught on the mercantile system, and some prophetic speculations on the limits of economic control" (PMM). Vol. I leaves M3, U3, 2Z3, 3A4 and 3O4 and vol. II leaves D1 and 3Z4 cancelled, publisher's advertisements on verso of 4F2 in vol. II. Goldsmith 11392; Grolier English 57; Kress 7621; PMM 221; Rothschild 1897. A VERY TALL, UNCUT COPY.
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