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Adam Smith

Adam Smith's classic work, Wealth of Nations is considered by many to be the blueprints of modern economics. Read it and decide for yourself whether or not this is true.

 

THE annual labour of every nation is the fund which originally supplies it with all the necessaries and conveniences of life which it annually consumes, and which consist always either in the immediate produce of that labour, or in what is purchased with that produce from other nations.

According therefore as this produce, or what is purchased with it, bears a greater or smaller proportion to the number of those who are to consume it, the nation will be better or worse supplied with all the necessaries and conveniences for which it has occasion.

FormatTEXT | PDF | An Inquiry Into The Nature And Causes Of The Wealth Of Nations