Research on the Nature and Causes of National Wealth (Excerpt)

Author: Adam Smith [UK]
Publisher:
Publish Date: 2002-01-01
Features: The Wealth of Nations established a systematic classical political economy system that contrasts with mercantilism. Through an analysis of capitalist production relations, the author clearly proposed the theory that labor determines value. The excerpt preserves the original five-part structure, with chapters mainly selecting theoretical passages to faithfully present the author's arguments.