...could be more fundamental than this. The opening paragraph of The Wealth of Nations reads as follows: which consist always either in the immediate produce...is purchased with that produce from other nations. (1937, vii) Following that, in the third paragraph, he states: This proportion [of necessaries and...

...revealing full title is An Inquiry into the Nature and Causes of the Wealth of Nations), "The annual labor of every nation is the fund which originally supplies it with all the necessaries and conveniences of life."49 As laboring people produce wealth, they enter into relations with other people: other people...

...Work, pp. 323-36. 24. His work is an inquiry into "The Nature and Causes of the Wealth of Nations." 25. "The annual labour of every nation is the fund which...consist always either in the immediate produce of the labor or in what is purchased with the produce from other nations." Wealth of Nations, "Introduction...

...sentence of the long-awaited work, The Wealth of Nations, introduced one of its most central themes: "The annual labour of every nation is the fund which...conveniences of life which it annually consumes, and which consists always either in the immediate produce of that labour, or in what is purchased with that produce...

...(Baltimore, 1992), 225-7. 2 As Adam Smith pur it in the opening sentence of The Wealth of Nations, "The annual labour of every nation is the fund which...with all the necessaries and conveniences of life" (An Inquiry into the Nature and Causes of the Wealth of Nations [New York, 1937l, 3). My translation...

...it with all the necessaries and conveniences of life which it annually consumes, and which consists always either in the immediate produce of that labour,...in what is purchased with that produce from other nations."12 The first chapter of this world-famous book deals, in fact, with the phenomenon of the...

...who invented economics two centuries ago, announced in the first line of The Wealth of Nations that "the annual labour of every nation is the fund which originally supplies it with all the necessities and conveniences of life." We are liable to be dazzled by financial wonders and forget...

...appropriately titled Wealth of Nations. After all, the book was written in 1776. Its opening sentence is, "The annual labour of every nation is the fund which...which consist always either in the immediate produce ofthat labour, or in what is purchased with that produce from other nations" (I; italics added). However,...

...comparison with and in contrast to the physiocratic thesis— to assign to labor an exceptional position. "The annual labour of every nation is the fund which...conveniences of life which it annually consumes." But this utterance can only be really comprehended if it is viewed in the light of the third chapter...

...(1988). Technical change and economic theory. London, UK: Pinter. Information Work The annual labor of every nation is the fund which originally supplies...consist always either in the immediate produce of that labor, or in what is purchased with that produce from other nations. According, therefore, as this...