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The wealth of nations considerable influence, not only upon the opinions of men of learning, but upon the public conduct of princes and sovereign states. Through reflection over the economics at the beginning of the industrial revolution the book touches upon such broad topics as the division of labor, productivity, and. Second book, therefore, treats of the nature of capital stock, of the manner. The theory of moral sentiments 1759 was the first major text by adam smith who, seven years later, was to publish what was to become one of the major economic classics, the wealth of nations. Adam smiths masterpiece, first published in 1776, is the foundation of modern economic thought and remains the single most important account of the rise of, and the principles behind, modern capitalism. The abundance or scantiness of this supply too seems to depend more on the former of those two circumstances than.
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