Untersuchung über die natur und die ursachen des nationalreichtums: Band 2

W. G. Korn

Additional Information

W. G. Korn
Read more
Published on
Dec 31, 1810
Read more
Read more
Read more
Best For
Read more
Read more
Content Protection
This content is DRM free.
Read more

Reading information

Smartphones and Tablets

Install the Google Play Books app for Android and iPad/iPhone. It syncs automatically with your account and allows you to read online or offline wherever you are.

Laptops and Computers

You can read books purchased on Google Play using your computer's web browser.

eReaders and other devices

To read on e-ink devices like the Sony eReader or Barnes & Noble Nook, you'll need to download a file and transfer it to your device. Please follow the detailed Help center instructions to transfer the files to supported eReaders.
An easier-to read, moderately abridged, current language version of the 1776 classic.

Adam Smith's The Wealth of Nations is the great pioneering study of economic growth and performance. When first published in 1776, the factory-based Industrial Revolution was only just getting underway. However, there had been steadily rising production and incomes in Britain, the North American colonies, Holland and other countries since at least the late 17th century.

Smith uses basic theory, observation and documentary sources to analyze the nature and causes of economic advancement in general.

The book is lengthy and wide-ranging. It examines the contributions to production of labour, land and capital. It explains the economic importance of large buoyant markets and industrial specialization. It also shows that national wealth does not depend on economic factors alone. For example, the favourableness or otherwise of the political-legal environment for industry and commerce is everywhere a major influence on national prosperity.

This is a moderately abridged current language version of the book – essentially translating the work into modern English to improve its readability and understandability. The translation is substantive but retains literalness and original word order and grammar as far as possible.


Editorial Foreword

Author’s Introduction


Chapter 1: Industrial Specialization

Chapter 2: The Origins Of Industrial Specialization

Chapter 3: The Extent Of The Market Limits Specialization

Chapter 4: The Origins And Use Of Money

Chapter 5: The Real Economic And Nominal Monetary Prices Of Goods

Chapter 6: Supply Prices, Production Costs And Incomes

Chapter 7: The Natural And Market Prices Of Products

Chapter 8: The Wages Of Labour

Chapter 9: The Profits Of Capital

Chapter 10: Wages And Profits In Different Trades

Chapter 11: The Rent Of Land


Chapter 1: Different Types Of Capital

Chapter 2: Monetary Capital

Chapter 3: The Accumulation Of Capital

Chapter 4: Capital Lent At Interest

Chapter 5: The Different Uses Of Capital


Chapter 1: The Natural Process Of Economic Growth

Chapter 2: The Discouragement Of Agriculture In Europe After The Fall Of The Roman Empire

Chapter 3: Urban Growth And Manufacturing After The Fall Of The Roman Empire

Chapter 4: The Contribution Of Urban Industry And Commerce To Rural Economies


Chapter 1: The Mercantilist Political Economic Model

Chapter 2: Restrictions On Importing Goods Capable Of Domestic Production

Chapter 3: Restrictions On Imports To Correct So-called Disadvantageous Trade Balances

Chapter 4: Tax Refunds On Exports

Chapter 5: Export Subsidies

Chapter 6: Treaties Of Commerce

Chapter 7: Colonies

Chapter 8: The Mercantilist System – Conclusions

Chapter 9: The Agricultural Political Economic Model – The Notion Of Land As The Great Source Of National Wealth


Chapter 1: Government Expenditure

Chapter 2: The Sources Of General Public Revenues

Chapter 3: Public Debts

This carefully crafted ebook: “The Invisible Hand of the Market: The Theory of Moral Sentiments + The Wealth of Nations (2 Pioneering Studies of Capitalism)” is formatted for your eReader with a functional and detailed table of contents. The invisible hand of the market is a metaphor conceived by Adam Smith to describe the self-regulating behavior of the marketplace. The exact phrase is used just three times in Smith's writings, but has come to capture his important claim that individuals' efforts to maximize their own gains in a free market benefits society, even if the ambitious have no benevolent intentions. Smith came up with the two meanings of the phrase from Richard Cantillon who developed both economic applications in his model of the isolated estate. He first introduced the concept in The Theory of Moral Sentiments, written in 1759. In this work, however, the idea of the market is not discussed, and the word "capitalism" is never used. By the time he wrote The Wealth of Nations in 1776, Smith had studied the economic models of the French Physiocrats for many years, and in this work the invisible hand is more directly linked to the concept of the market: specifically that it is competition between buyers and sellers that channels the profit motive of individuals on both sides of the transaction such that improved products are produced and at lower costs. This process whereby competition channels ambition toward socially desirable ends comes out most clearly in The Wealth of Nations, Book I, Chapter 7. The idea of markets automatically channeling self-interest toward socially desirable ends is a central justification for the laissez-faire economic philosophy, which lies behind neoclassical economics. In this sense, the central disagreement between economic ideologies can be viewed as a disagreement about how powerful the "invisible hand" is.
©2018 GoogleSite Terms of ServicePrivacyDevelopersArtistsAbout Google
By purchasing this item, you are transacting with Google Payments and agreeing to the Google Payments Terms of Service and Privacy Notice.