14 November 2007
The Property ofthe Executors of late G.R. Capel Cure
SMITH, Adam (1723-90). An Inquiry into the Nature and Causes of the Wealth of Nations. London: for W. Strahan and T. Cadell, 1776.
2 volumes, 4° (286 x 229mm). Bound without the final blank in vol. 1, and without the half-title in vol. 2. Cancels: 2Z3 and 3A4 in vol. 1, and D1 in vol. 2. (Occasional scattered spotting and occasional light browning, vol. 1 with small hole in 3I1, vol. 2 with tear in Q3.) Contemporary English tree calf, flat spines tooled in gilt, top and bottom compartments centred with gilt rosettes, red morocco labels, round black morocco numbering-pieces, sides with gilt fillet, edges yellow (small chips to spine-ends, one joint starting, corners lightly rubbed, endpapers spotted). Provenance: Capel Cure (armorial bookplate).
FIRST EDITION OF THE GREATEST CLASSIC OF MODERN ECONOMIC THOUGHT. A fresh, wide-margined copy in contemporary tree calf. Smith's is the first major expression of the theory of free trade. He propounds a system of natural liberty and justice which strives towards improvement in the living standards of the population at large, equating higher wages with a healthier and more productive workforce. He expounds the belief that the limits to growth are political, not economic, and he sets out principles to guide legislators. Smith also provides a history of economic theory, a historical analysis of the wealth of nations, including China, and forecasts for the future. Goldsmiths' 11392; Grolier English 57; Kress 7621; PMM 221.
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