Wednesday, April 23, 2014

AdamSmith. AnInquiryIntoTheNatureAndCausesOf. WealthOfTheNationsThe. Summary. Divided by the author. Introduction and the plan of the work. ModernLibrary.1994.

1)      Introduction and the plan of the work
·        The produce of annual labour supplies annual consumption,
·        better or worse according to the proportion of produce to people,
·        which proportion is regulated by the skill, etc., of the labour and the proportion of useful labourers,
·        and more by the skill, etc., than by the proportion of useful labourers, as is shown by the greater produce of civilised societies.
·        The causes of improvement and natural distribution are the subject of Book I.
·        Capital stock, which regulates the proportion of useful labourers, is treated of in Book II.
·        The circumstances which led Europe to encourage the industry of the towns and discourage agriculture are dealt with in Book III.
·        The theories to which different policies have given rise are explained in Book IV.
·        The expenditure, revenue and debts of the sovereign are treated of in Book V.

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