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

First Edition of "the first and greatest classic of modern economic thought" (PMM). In his Wealth of Nations, Smith "begins with the thought that labour is the source from which a nation derives what is necessary to it. The improvement of the division of labour is the measure of productivity and in it lies the human propensity to barter and exchange… The Wealth of Nations ends with a history of economic development, a definitive onslaught on the mercantile system, and some prophetic speculations on the limits of economic control" (PMM).

2 volumes, 4to (280 × 215 mm). Contemporary sprinkled calf, rebacked with the original spines laid down. Quarter morocco slipcase. With the half-title in volume 2 only, as called for. Contemporary ownership inscriptions of H. Minchin on titles (faded). A little intermittent spotting, but generally a very good, clean, well-margined copy.