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1789 Wealth of Nations 1st US ed Adam Smith Economics Industrial Rev Capitalism First American edition of Smith’s famous Wealth of Nations! Nobody ever saw a dog make a fair and deliberate exchange of one bone for another with another dog. Adam Smith, The Wealth of Nations Wealth of Nations was one of the world’s first collected descriptions of what builds a nation's economy, wealth, and capitalism. Smith begins this landmark work by stating that the source of a nation's wealth comes from the labor of the people. Throughout the rest of the work, Smith shows how productivity and financial exchanges are the root of a working economy. Adam Smith's work is the first major expression of organized study of social wealth. 'The Wealth of Nations' is not a system, but as a provisional analysis it is completely convincing. The certainty of its criticism and its grasp of human nature has made it the first and greatest classic of modern economic thought. (PMM 221). This printing is perhaps the most desirable of any other edition of Smith. This 1789 Dobson printing is the first American edition. Prior to this edition, American readers were unlikely to have easy access to this landmark work. Few works printed in 18th-century America are as rare and valuable as this! Item number: #26365 Price: $9500 SMITH, Adam An inquiry into the nature and causes of the wealth of nations Philadelphia: printed for Thomas Dobson, 1789. First American edition! Details: Collation: Complete with all pages; 3 volumes o Vol. 1 viii, [9]-412 o Vol. 2 vi, [7]-430 o Vol. 3 v, [1], 7-387, [55] References: Goldsmiths'-Kress 11392; PMM 221; Rothschild 1897; Grolier English 57; Language: English Binding: Leather; tight and secure Size: ~7in X 4.5in (17.5cm x 11.5cm) ASTONISHINGLY rare, valuable, and desirable with auction records and price comparisons at $25,000 Our Guarantee: Very Fast. Very Safe. Free Shipping Worldwide. Customer satisfaction is our priority! Notify us within 7 days of receiving, and we will offer a full refund without reservation! Photos available upon request.

"The Wealth of Nations" is a seminal work by the Scottish economist and philosopher Adam Smith, published in 1776. It is considered one of the foundational texts of modern economics and a cornerstone in understanding the principles of capitalism and free-market economies. Smith's primary focus is to analyze the nature and causes of the wealth of nations. He introduces the concept of the "invisible hand," arguing that individuals pursuing their self-interest in a competitive market inadvertently contribute to the overall economic well-being of society. Smith illustrates how the division of labor leads to increased productivity and efficiency within industries, consequently fostering economic growth. He emphasizes that specialization allows workers to become more skilled and efficient at their tasks, leading to higher output. Central to Smith's ideas is the notion of free trade and the benefits it brings. He advocates for minimal government intervention in economic affairs, believing that markets left to operate freely tend to regulate themselves through the forces of supply and demand. However, Smith also acknowledges the importance of certain governmental roles, such as providing public goods, maintaining infrastructure, enforcing contracts, and protecting society from external threats. Smith criticizes mercantilism, the prevailing economic system of his time, which emphasized accumulating wealth through a positive balance of trade and a strong focus on exporting while limiting imports. He argues that this approach is counterproductive and advocates for free trade, stating that a nation's wealth is not solely measured by its stock of gold and silver but by the productivity and living standards of its people. Furthermore, Smith discusses the role of wages, profits, and rent in the economy, addressing factors influencing each and their impacts on economic development. He delves into the relationship between economic growth, capital accumulation, and technological progress, highlighting the significance of innovation and investment in driving long-term prosperity. In essence, "The Wealth of Nations" provides a comprehensive analysis of the mechanisms underlying economic systems, advocating for free markets, individual liberty, and limited government intervention as the pillars for generating wealth and fostering societal advancement. Its influence extends across various fields, shaping economic thought and policy for centuries to come.