Synopsis.An Inquiry into the Nature and Causes of the Wealth of Nations by Adam Smith,1776

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1、SYNOPSISAnInquiryintotheNatureandCausesoftheWealthofNationsAuthor:AdamSmithPublisher:W.StrahanandT.Cadell,LondonPublicationDate:1776AnInquiryintotheNatureandCausesoftheWealthofNations,generallyreferredtobyitsshortenedtitleTheWealthofNations,isthemagnumopusoftheScottisheconomistand

2、moralphilosopherAdamSmith.Firstpublishedin1776,itisareflectiononeconomicsatthebeginningoftheIndustrialRevolutionandarguesthatfreemarketeconomiesaremoreproductiveandbeneficialtotheirsocieties.Thebookisafundamentalworkinclassicaleconomicswiththefollowingcontents:BookI:OftheCausesofI

3、mprovementBookII:OftheNature,Accumulation,andEmploymentofStockBookIII:OfthedifferentProgressofOpulenceindifferentNationsBookIV:OfSystemsofpoliticalEconomyBookV:OftheRevenueoftheSovereignorCommonwealthTheWealthofNationswasfirstpublishedon9March1776,duringtheBritishAgriculturalRevol

4、utionandrepresentedaclearshiftinthefieldofeconomics,similartoSirIsaacNewton'sPrincipiaMathematicaforphysics,AntoineLavoisier'sTraitéÉlémentairedeChimieforchemistry,orCharlesDarwin'sOntheOriginofSpeciesforbiology.AnachronismsandterminologyModerncommentaryontheworkmaysufferfromanach

5、ronism—theimpositionofmoderncontextona250-year-oldwork.ThebookiswritteninEnglishofthelate18thcentury,sotherearesomepointstoconsider:•Thetermeconomicswasnotyetinuse.•Thetermcapitalismwasnotyetinuse.Smithtalksabouta"systemofperfectliberty"or"systemofnaturalliberty".•Feudalismwasstil

6、ldominantinpartsofEurope.•Thetermcorporation,asinfeudalcorporations,referredtoabodythatregulatedand,inSmith'sportrayal,limitedparticipationinaskilledtrade.Source:Wikipediadated25thOctober2011Page1of19SYNOPSISAnInquiryintotheNatureandCausesoftheWealthofNationsAuthor:AdamSmithPublis

7、her:W.StrahanandT.Cadell,LondonPublicationDate:1776SynopsisBookI:OftheCausesofImprovementOftheDivisionofLabour:Divisionoflabourhascausedagreaterincreaseinproductionthananyotherfactor.Thisdiversificationisgreatestfornationswithmoreindustryandimprovement,andisresponsiblefor"universa

8、lopulence"inthosecountries.Agricu