Books

Adam Smith's The Wealth of Nations (Ninth Edition, 1799) --- A Rare and Complete Set. A Collectible Gem: This is a highly sought-after ninth edition of Adam Smith's monumental work, An Inquiry into the Nature and Causes of the Wealth of Nations, published in 1799. Complete in three volumes, this set is a significant acquisition for any collector of rare economic literature, representing the intellectual origins of modern capitalism and free-market theory. Smith's work remains as influential today as when it first appeared, making this edition a key part of the legacy of economic thought. Beautiful Full-Calf Binding: Bound in original full calf leather, this set features morocco spine labels and gilt titles, adding an authentic period charm to any collection. While the covers exhibit some staining and age-appropriate wear, the set retains its elegance. The spines show minor cracking at the extremities, with some labels missing - an expected patina on a work over 200 years old, enhancing its historic character. Complete and Intact: The interior of all three volumes is in very good condition, with subtitles present in each. The pages are clean and well-preserved, free from significant foxing or discoloration. The covers remain firmly attached, making the set structurally sound, though with slight wear at the joints. A Rare Opportunity: This ninth edition is a rare find, highly valued for its completeness and condition. It is perfect for discerning collectors of antiquarian books, especially those focused on seminal works in philosophy, economics, and political thought. A piece of history that continues to inform the present, this set stands as both an intellectual and aesthetic treasure.

"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.