The Wealth of Nations

The Wealth of Nations

Adam Smith

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Book 1
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Chapter 1
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Of the Division of Labour
Chapter 2
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Of the Principle which gives occasion to the Division of Labour
Chapter 3
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That the Division of Labour is limited by the Extent of the Market
Chapter 4
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Of the Origin and Use of Money
Chapter 5
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Of the Real and Nominal Price of Commodities or of their Price in Labour and their Price in Money
Chapter 6
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Of the Component Parts of the Price of Commodities
Chapter 7
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Of the Natural and Market Price of Commodities
Chapter 8
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Of the Wages of Labour
Chapter 9
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Of the Profits of Stock
Chapter 10
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Of Wages and Profit in the different Employments of Labour and Stock
Chapter 11
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Of the Rent of Land
Book 2
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Of the Division of Stock
Chapter 2
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Of Money considered as a particular branch of the general Society or of the Expense of maintaining the National Capital
Chapter 3
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Of the Accumulation of Capital of Productive and Unproductive Labour
Chapter 4
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Of Stock lent at Interest
Chapter 5
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Of the different Employment of Capitals
Book 3
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Of the Natural Progress of Opulence
Chapter 2
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Of the Discouragement of Agriculture in the ancient State of Europe after the Fall of the Roman Empire
Chapter 3
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Of the Rise and Progress of Cities and Towns after the Fall of the Roman Empire
Chapter 4
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How the Commerce of the Towns contributed to the Improvement of the Country
Book 4
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Chapter 1
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Of the Principle of the Commercial or Mercantile System
Chapter 2
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Of Restraints upon the Importation from Foreign Countries of such Goods as can be produced at Home
Chapter 3
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Of the extraordinary Restraints upon the Importation of Goods of almost all kinds from those Countries with which the Balance is supposed to be disadvantageous
Chapter 4
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Of Drawbacks
Chapter 5
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Of Bounties
Chapter 6
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Of Treaties of Commerce
Chapter 7
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Of Colonies
Chapter 8
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Conclusion of the Mercantile System
Chapter 9
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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 every Country
Book 5
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Chapter 1
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Of the Expenses of the Sovereign or Commonwealth
Chapter 2
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Of the Sources of the general or public Revenue of the Society
Chapter 3
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Of Public Debts

Under the full title of "An Inquiry Into the Nature and Causes of the Wealth of Nations", this treatise is Adam Smith's critique of the mercantile system and his advocacy of the freedom of commerce and industry.

One of the main arguments presented is that productive capacity rests on the division of labour, and on the accumulation of capital that such activity makes possible. This division of labour, he argues with examples, leaves producers with a surplus, which they can exchange with others, or use to invest in more efficient labour-saving machinery.

Other themes include an assesment of the restrictions governments impose on markets, and the future prosperity of countries as a result of economic freedom and capital accumulation.