Cover of An Inquiry into the Nature and Causes of the Wealth of Nations

An Inquiry into the Nature and Causes of the Wealth of Nations

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  • 36 chapters
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"An Inquiry into the Nature and Causes of the Wealth of Nations" by Adam Smith is a treatise published in 1776. This foundational work of classical economics examines what builds nations' wealth at the dawn of the Industrial Revolution. Smith introduces revolutionary concepts like division of labor, free markets, and the "invisible hand" of self-interest guiding economic activity. Challenging the mercantilist policies of his era, he argues that supply and demand should determine commerce rather than government regulation, establishing theoretical foundations that would shape economic thought for centuries.

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  • Economics

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Chapter I: Of the Division of Labour

The greatest improvements in the productive powers of labour, and the
greater part of the skill, dexterity, and judgment, with which it is
anywhere directed, or applied, seem to have been the effects of the
division of labour. The effects of the division of labour, in the general
business of society, will be more easily understood, by considering in
what manner it operates in some particular manufactures. It is commonly
supposed to be carried furthest in some very trifling ones; not perhaps
that it really is carried further in them than in others of more
importance: but in those trifling manufactures which are destined to
supply the small wants of but a small number of people, the whole number
of workmen must necessarily be small; and those employed in every
different branch of the work can often be collected into the same
workhouse, and placed at once under the view of the spectator.

In those great manufactures, on the contrary, which are destined to supply
the great wants of the great body of the people, every different branch of
the work employs so great a number of workmen, that it is impossible to
collect them all into the same workhouse. We can seldom see more, at one
time, than those employed in one single branch. Though in such
manufactures, therefore, the work may really be divided into a much
greater number of parts, than in those of a more trifling nature, the
division is not near so obvious, and has accordingly been much less
observed.

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Contents

Show all 36 chapters
  1. Front Matter
  2. Chapter I: Of the Division of Labour
  3. Chapter IV: Of the Origin and Use of Money
  4. Chapter VI: Of the Component Part of the Price of Commodities
  5. Chapter VII: Of the Natural and Market Price of Commodities
  6. Chapter VIII: Of the Wages of Labour
  7. Chapter IX: Of the Profits of Stock
  8. Part I: Inequalities arising from the nature of the employments: themselves
  9. Part II. — Inequalities occasioned by the Policy of Europe
  10. Part II. — Inequalities occasioned by the Policy of Europe
  11. Chapter XI: Of the Rent of Land
  12. Part I. — Of the Produce of Land which always affords Rent
  13. Part II. — Of the Produce of Land, which sometimes does, and sometimes: does not, afford Rent
  14. Part III. — Of the variations in the Proportion between the respective: Values of that sort of Produce which always affords Rent, and of that which sometimes does, and sometimes does not, afford Rent
  15. Book II: Of the Nature, Accumulation, and Employment of Stock
  16. Introduction
  17. Chapter I: Of the Division of Stock
  18. Chapter IV: Of Stock Lent at Interest
  19. Chapter V: Of the Different Employments of Capitals
  20. Chapter I: Of the Natural Progress of Opulence
  21. Book IV: Of Systems of Political Economy
  22. Part I — Of the Unreasonableness of those Restraints, even upon the: Principles of the Commercial System
  23. Part II. — Of the Unreasonableness of those extraordinary Restraints: upon other Principles
  24. Part II. — Of the Unreasonableness of those extraordinary Restraints: upon other Principles
  25. Chapter IV: Of Drawbacks
  26. Chapter V: Of Bounties
  27. Chapter VI: Of Treaties of Commerce
  28. Part I: Of the Motives for Establishing New Colonies
  29. Part II: Causes of the Prosperity of New Colonies
  30. Part III: 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 Hope
  31. Part III: 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 Hope
  32. Chapter VIII: Conclusion of the Mercantile System
  33. Part I: Of the Expense of Defence
  34. Part II: Of the Expense of Justice
  35. Part III: Of the Expense of public Works and public Institutions
  36. Part IV: Of the Expense of supporting the Dignity of the Sovereign
  37. Part IV: Of the Expense of supporting the Dignity of the Sovereign
  38. Conclusion
  39. Part I: Of the Funds, or Sources, of Revenue, which may peculiarly belong: to the Sovereign or Commonwealth
  40. Part II: Of Taxes
  41. Part II: Of Taxes
  42. Chapter III: Of Public Debts

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About this edition

This free edition of An Inquiry into the Nature and Causes of the Wealth of Nations by Adam Smith comes from Project Gutenberg eBook #3300, released 2002-06-01. It is in the public domain in the United States, so you can read it here in full at no cost, on any phone, tablet or computer. Genre: History - Early Modern (c. 1450-1750), Economics.

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