Wealth of Nations

The foundation for all modern economic thought and political economy, 'The Wealth of Nations' is the magnum opus of Scottish economist Adam Smith, who introduces the world to the very idea of economics and capitalism in the modern sense of the words. Smith details his argument in the following five books: Introduction and plan of the workPart 1 Of the Causes of Improvement in the productive Powers of Labour, and of the Order according to which its Produce is naturally distributed among the different Ranks of the PeopleChapter 1 Of the Division of LabourChapter 2 Of the Principle which gives Occasion to the Division of LabourChapter 3 That the Division of Labour is limited by the Extent of the MarketChapter 4 Of the Origin and Use of MoneyChapter 5 Of the real and nominal Price of Commodities, or of their Price in Labour, and their Price in MoneyChapter 6 Of the component Parts of the Price of CommoditiesChapter 7 Of the natural and market Price of CommoditiesChapter 8 Of the Wages of LabourChapter 9 Of the Profits of StockChapter 10 Of Wages and Profit in the different Employments of Labour and StockChapter 11 Of the Rent of Land1. First Period2. Second Period3. Third Period4. First Sort5. Second Sort6. Third Sort7. Conclusion of the chapterPart 2 Of the Nature, Accumulation, and Employment of StockChapter 1 Of the Division of StockChapter 2 Of Money considered as a particular Branch of the general Stock of the Society, or of the Experience of maintaining the National CapitalChapter 3 Of the Accumulation of Capital, or of productive and unproductive LabourChapter 4 Of Stock lent at InterestChapter 5 Of the different Employment of CapitalsPart 3 Of the different Progress of Opulence in different NationsChapter 1 Of the Natural Progress of OpulenceChapter 2 Of the Discouragement of Agriculture in the ancient State of Europe after the Fall of the Roman EmpireChapter 3 Of the Rise and Progress of Cities and Towns, after the Fall of the Roman EmpireChapter 4 How the Commerce of the Towns contributed to the Improvement of the CountryPart 4 Of Systems of political EconomyChapter 1 Of the Principle of the commercial, or mercantile SystemChapter 2 Of Restraints upon the Importation from foreign Countries of such Goods as can be produced at HomeChapter 3 Of the extraordinary Restraints upon the Importation of Goods of almost all Kinds, from those Countries with which the Balance is supposed to be disadvantageous1. Of the Unreasonableness of those Restraints even upon the Principles of the Commercial System2. Of the Unreasonableness of those extraordinary Restraints upon other PrinciplesChapter 4 Of DrawbacksChapter 5 Of BountiesChapter 6 Of Treaties of CommerceChapter 7 Of Colonies1. Of the Motives for establishing new Colonies2. Causes of Prosperity of New Colonies3. Of the Advantages which Europe has derived from the Discovery of America, and from that of a Passage to the East Indies by the Cape of Good HopeChapter 8 Conclusion of the Mercantile SystemChapter 9 Of the Agricultural Systems, or of those Systems of Political Economy, which represent the Produce of Land, as either the sole or the principal Source of the Revenue and Wealth of every CountryPart 5 Of the Revenue of the Sovereign or Commonwealth Chapter 1 Of the Expences of the Sovereign or Commonwealth1. Of the Expense of Defence2. Of the Expense of Justice3. Of the Expense of Public Works and Public Institutions4. Of the Expense of Supporting the Dignity of the Sovereign5. ConclusionChapter 2 Of the Sources of the general or public Revenue of the Society1. Of the Funds or Sources of Revenue which may peculiarly belong to the Sovereign or Commonwealth2. Of TaxesChapter 3 Of public DebtsAUDIO BOOK