3 December 2010
SMITH, Adam. An Inquiry into the Nature and Causes of the Wealth of Nations. London: W. Strahan and T. Cadell, 1776.
2 volumes, 4o (267 x 214 mm). Half-title in volume 2 only, as issued. (Some intermittent spotting.) Contemporary calf, gilt lettered red morocco spine labels (light chipping and wear to spineends); half calf folding case. Provenance: James Watson (gift inscription from William Young, dated 1854).
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.
Contact Client Service
New York +1 212 636 2000
London +44 (0)20 7839 9060
Asia +852 2760 1766
PROPERTY FROM A PRIVATE COLLECTION
Join our specialists for a closer look at some of the treasures we’ve offered at auction
From an Anatolian idol to images of the Cern nuclear research facility — a whistlestop tour arranged, for your convenience, in chronological order
Mark Wiltshire, Associate Specialist in Science & Books, walks us through the history of Christianity’s most influential printed text
Our Books and Manuscripts specialists advise on a richly rewarding and ever-evolving collectors’ market
From Sargent to Sorolla, Jonas Wood to Winston Churchill — how artists have found solace and inspiration in gardens the world over
Author Jessica Lack introduces 20th-century art movements born out of political engagement, decolonisation and conflict