Part of: An Inquiry into the Nature and Causes of the Wealth of Nations (Cannan ed.), in 2 vols. An Inquiry Into the Nature and Causes of the Wealth of Nations (Cannan ed.), vol. 1
- Adam Smith (author)
- Edwin Cannan (editor)
Cannan’s justly famous early 20th century edition of Smith’s Wealth of Nations with his introduction and notes.
Related People
Key Quotes
Economics
This division of labour, from which so many advantages are derived, is not originally the effect of any human wisdom, which foresees and intends that general opulence to which it gives occasion. It is the necessary, though very slow and gradual consequence of a certain propensity in human nature…
War & Peace
In great empires the people who live in the capital, and in the provinces remote from the scene of action, feel, many of them scarce any inconveniency from the war; but enjoy, at their ease, the amusement of reading in the newspapers the exploits of their own fleets and armies. To them this…
Economics
… by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention.
Economics
Every body must be sensible how much labour is abridged and facilitated by the application of proper machinery. By means of the plough two men, with the assistance of three horses, will cultivate more ground than twenty could do with the spade. A miller and his servant, with a wind or water mill,…
Taxation
Little else is requisite to carry a state to the highest degree of opulence from the lowest barbarism, but peace, easy taxes, and a tolerable administration of justice; all the rest being brought about by the natural course of things. All governments which thwart this natural course, which force…
Economics
It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard to their own interest. We address ourselves, not to their humanity but to their self-love, and never talk to them of our own necessities but of their advantages. Nobody but a…
Economics
This frugality and good conduct, however, is upon most occasions, it appears from experience, sufficient to compensate, not only the private prodigality and misconduct of individuals, but the public extravagance of government. The uniform, constant, and uninterrupted effort of every man to better…
Connected Readings
What to read next.
Commerce, Culture, and Liberty: Readings on Capitalism Before Adam SmithHenry C. Clark