Economics & Social Sciences
SMITH, Adam.
An inquiry into the nature and causes of the wealth of nations.
Printed for W. Strahan and T. Cadell, London 1776. First edition. 2 volumes. 4to., [xii], 510; [ii], 587, [i]pp., lacks half-title, light even toning throughout, very occasional marginal foxing and finger-soiling, later half-morocco over marbled boards, spine in six compartments, gilt lettered direct to second and third, others with gilt quatrefoil motif, speckled edges, navy clamshell box, a very handsome set.
Adam Smith's greatest work, immediately recognised as a major contribution to human and economic thought. "The history of economic thought up to the end of the nineteenth century consists of two parts; the merchantilist phase which was based not so much on the doctrine as on a system of practice which grew out of social conditions; and the second phase which saw the development of the theory that the individual had the right to be unimpeded in the exercise of economic activity. Whilst it can not be said that Adam Smith invented the later theory his work is the first major expression of it ... The certainty of [his work's] criticism and its grasp of human nature have made [the wealth of nations] the first and greatest classic of modern economic thought" (PMM 221). Goldsmith 1897; Kress 7261; PMM 221; Rothschild 1897.
Price: £ 50000
US Dollar Price: $ 99140
Stock Number: 75542