An Inquiry Into the Nature And Causes of the Wealth of Nations
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To quickly assess the difficulty of the text, read a short excerpt:
I have neverknown much good done by those who affected to trade for the public good. It is an affectation, indeed, not very common among merchants, and veryfew words need be employed in dissuading them from it.
What is the species of domestic industry which his capital can employ, and of which the produce is likely to be of the greatest value, everyindividual, it is evident, can in his local situation judge much betterthan any statesman or lawgiver can do for him. The statesman, who shouldattem...pt to direct private people in what manner they ought to employtheir capitals, would not only load himself with a most unnecessaryattention, but assume an authority which could safely be trusted, notonly to no single person, but to no council or senate whatever, andwhich would nowhere be so dangerous as in the hands of a man who hadfolly and presumption enough to fancy himself fit to exercise it.
To give the monopoly of the home market to the produce of domesticindustry, in any particular art or manufacture, is in some measureto direct private people in what manner they ought to employ theircapitals, and must in almost all cases be either a useless or a hurtfulregulation.
What to read after An Inquiry Into the Nature And Causes of the Wealth of Nations?
You can find similar books in the "Read Also" column, or choose other free books by Smith, Adam, 1723-1790 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
I have neverknown much good done by those who affected to trade for the public good. It is an affectation, indeed, not very common among merchants, and veryfew words need be employed in dissuading them from it.
What is the species of domestic industry which his capital can employ, and of which the produce is likely to be of the greatest value, everyindividual, it is evident, can in his local situation judge much betterthan any statesman or lawgiver can do for him. The statesman, who shouldattem...pt to direct private people in what manner they ought to employtheir capitals, would not only load himself with a most unnecessaryattention, but assume an authority which could safely be trusted, notonly to no single person, but to no council or senate whatever, andwhich would nowhere be so dangerous as in the hands of a man who hadfolly and presumption enough to fancy himself fit to exercise it.
To give the monopoly of the home market to the produce of domesticindustry, in any particular art or manufacture, is in some measureto direct private people in what manner they ought to employ theircapitals, and must in almost all cases be either a useless or a hurtfulregulation.
What to read after An Inquiry Into the Nature And Causes of the Wealth of Nations?
You can find similar books in the "Read Also" column, or choose other free books by Smith, Adam, 1723-1790 to read onlineMoreLess
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