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 work



Part 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 People



Chapter 1 Of the Division of Labour

Chapter 2 Of the Principle which gives Occasion to the Division of Labour

Chapter 3 That the Division of Labour is limited by the Extent of the Market

Chapter 4 Of the Origin and Use of Money

Chapter 5 Of the real and nominal Price of Commodities, or of their Price in Labour, and their Price in Money

Chapter 6 Of the component Parts of the Price of Commodities

Chapter 7 Of the natural and market Price of Commodities

Chapter 8 Of the Wages of Labour

Chapter 9 Of the Profits of Stock

Chapter 10 Of Wages and Profit in the different Employments of Labour and Stock

Chapter 11 Of the Rent of Land

1. First Period

2. Second Period

3. Third Period

4. First Sort

5. Second Sort

6. Third Sort

7.