The Simple Wealth of Nations by Adam Smith Book 1: Productivity and the Distribution of RevenuePantrypoints Technologies - Business & Economics This book simplifies the sentences in Book 1 of The Wealth of Nations to make it more concise and readable. It optimizes Smith's content by organizing each idea into bullet points with sub-ideas as sub-bullets, all under topic headings, without losing the original idea. Book 1 introduces the concept of labour or work being the real price of everything, very different from current Economics which sees value in monetary terms only. This price is then made up of the rent of land, the profits of stock, or the wages of labour. This work is suitable for the general public, but is designed more for students and researchers who want to understand or cite Adam Smith's most important ideas. Chapter 11 is especially useful for farmers and land owners as it discusses the pros and cons of different crops. |
Contents
The Origin and Use of Money | |
The Real Toil and Trouble and Nominal Money Price | |
The Component Parts of the Price of Commodities | |
Natural and Market Price of Commodities | |
Wages | |
Profits | |
Profit and Wage Inequality in Different Occupations | |
Profit and Wage Inequality from Policy | |
Rent | |
The Raw Produce Which Not Always Affords Rent | |
The Variations in the Proportion between the Raw Produce that Always | |
Appendix | |