SMITH, Adam (1723-1790). An Inquiry into the Nature and Causes of the Wealth of Nations. London: for W. Strahan and T. Cadell, 1776.
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SMITH, Adam (1723-1790). An Inquiry into the Nature and Causes of the Wealth of Nations. London: for W. Strahan and T. Cadell, 1776.

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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 (250 x 202 mm). Half-title in volume II only as issued. Vol. I leaves M3, Q1 U3, 2Z3, 3A4 and 3O4 and vol. II leaves D1 and 3Z4 cancelled, publisher's advertisements on verso of 4F2 in vol. II. (Repaired tear crossing text on 2M2 in vol. I, some pale foxing at end of vol. I., some soft horizontal wrinkles on title and preliminaries in vol. I.) Twentieth-century half calf, marbled boards, edges stained yellow.

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). Goldsmith 11392; Grolier English 57; Kress 7621; PMM 221; Rothschild 1897.

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