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

Lot Number 221
Author SMITH, Adam (1723-1790).
Title An Inquiry into the Nature and Causes of the Wealth of Nations.
Year Published 1776
Place Printed London
Printed By W. Strahan and T. Cadell
Description SMITH, Adam (1723-1790). An Inquiry into the Nature and Causes of the Wealth of Nations. London: W. Strahan and T. Cadell, 1776. -- Additions and Corrections to the First and Second Editions. [London, 1784].
Comments 2 works in 2 volumes, 4o (301 x 234 mm). Half-title in volume 2 only, as issued, advertisement for Theory of Moral Sentiments on verso of the title-page. Leaves M3, U3, 2Z3, 3A4, 3O4 in vol. 1 cancelled; leaves D1 and 2Z4 cancelled in vol. 2, publisher's advertisement on verso of 4F2, Additions with drop title only as issued. (Marginal tears on A4 and Hh3-4, tear on 4F along right text margin, some occasional pale spotting and soiling.) Modern brown half niger gilt, top edges gilt, others uncut, by Riviere-Mounteney; cloth slipcases. Provenance: Sir Hew Dalrymple, Bart. of Northberwick (armorial bookplate on verso of A2 in both volumes); William Appleton Aiken (bookplate); Harold Greenhill (bookplate); H. Bradley Martin (bookplate; his sale Sotheby's New York, 14 June 1990, lot 3497). 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). Goldsmith 11392; Grolier English 57; Kress 7621; PMM 221; Rothschild 1897, 1899. -2
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Estimated Price USD 50,000.00 - 70,000.00
Actual Price USD 86,500.00

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AUCTION DETAILS

Auction House Christies
Website http://www.christies.com
Auction Name Books and Manuscripts Session I
Sale Number #2607
Auction Date December 7, 2012 - December 7, 2012
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