The Wealth of Nations: With a Foreword by George Osborne, MP by Adam Smith, Jonathan B Wight, George Osborne

By Adam Smith, Jonathan B Wight, George Osborne

The Wealth of countries is a valuable vintage of political economic climate. First released in March of 1776, Adam Smith wrote the booklet to persuade a unique viewers - the British Parliament - and its arguments within the early spring of that 12 months pressed for peace and cooperation with Britain's colonies instead of battle. Smith's message used to be that monetary exploitation, during the monopoly alternate of empire, stifled wealth-creation in either domestic and overseas lands. additionally, protectionism preserved the established order, and privileged a number of elites on the cost of future progress. Smith wrote, ''It is the that is carried on for the advantage of the wealthy and the strong that's mostly inspired by means of our mercantile approach. That that is carried on for the advantage of the bad and the indigent is simply too frequently both ignored or oppressed.''

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By Adam Smith, Jonathan B Wight, George Osborne

The Wealth of countries is a valuable vintage of political economic climate. First released in March of 1776, Adam Smith wrote the booklet to persuade a unique viewers - the British Parliament - and its arguments within the early spring of that 12 months pressed for peace and cooperation with Britain's colonies instead of battle. Smith's message used to be that monetary exploitation, during the monopoly alternate of empire, stifled wealth-creation in either domestic and overseas lands. additionally, protectionism preserved the established order, and privileged a number of elites on the cost of future progress. Smith wrote, ''It is the that is carried on for the advantage of the wealthy and the strong that's mostly inspired by means of our mercantile approach. That that is carried on for the advantage of the bad and the indigent is simply too frequently both ignored or oppressed.''

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Extra info for The Wealth of Nations: With a Foreword by George Osborne, MP and an Introduction by Jonathan B. Wright, University of Richmond

Sample text

Consumable commodities are either necessaries or luxuries. By necessaries I understand, not only the commodities which are indispensably necessary for the support of life, but whatever the custom of the country renders it indecent for creditable people, even of the lowest order, to be without. A linen shirt, for example, is, strictly speaking, not a necessary of life…. But in the present times, through the greater part of Europe, a creditable day-labourer would be ashamed to appear in public without a linen shirt, the want of which would be supposed to denote that disgraceful degree of poverty, which, it is presumed, nobody can well fall into without extreme bad conduct.

The habit of sauntering, and of indolent careless application, which is naturally, or rather necessarily, acquired by every country workman who is obliged to change his work and his tools every half hour, and to apply his hand in twenty different ways almost every day of his life, renders him almost always slothful and lazy, and incapable of any vigorous application, even on the most pressing occasions. Independent, therefore, of his deficiency in point of dexterity, this cause alone must always reduce considerably the quantity of work which he is capable of performing.

In almost every other race of animals, each individual, when it is grown up to maturity, is entirely independent, and in its natural state has occasion for the assistance of no other living creature. But man has almost constant occasion for the help of his brethren, and it is in vain for him to expect it from their benevolence only. He will be more likely to prevail if he can interest their self-love in his favour, and shew them that it is for their own advantage to do for him what he requires of them.

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