Adam Smith And The Wealth Of Nations In Spain

Adam Smith’s An Inquiry into the Nature and Causes of the Wealth of Nations was the product of the rich tradition of the Scottish Enlightenment but the book’s fame immediately spread across the whole of Europe. This book looks at the long journey of Smith’s ideas from Scotland to peninsular Spain, reconstructing in detail the reception, adaptation, interpretation, and application of Smith's central concepts from 1777 up to 1840. In light of methodological advances during the last two decades in the history of economic thought and the studies on the late Spanish Enlightenment and early Liberalism, the book tackles a series of significant issues and gaps in the historiography. In particular: this book sheds new light on the role of France as an intermediate step as the ideas spread from Britain southwards; the analysis draws not just on translations but also handwritten materials, book reviews, syntheses, summaries, plagiarism and rebuttals; a wide range of methods of dissemination are considered including the printing press and periodicals, parliamentary debates, academic chairs and societies; the role of individual translators and agents is given due prominence; the political interpretations of the Wealth of Nations and the ways in which the book was incorporated into the work of Spanish economists in the decades following publication are also considered. This book marks a significant contribution to the literature on the reception of Smith’s Wealth of Nations, studies of the Spanish Enlightenment and history of economic thought more broadly.

Smith's THE WEALTH OF NATIONS was the first comprehensive treatment of political economy. Originally delivered in the form of lectures at Glasgow, the book's publication in 1776 co-incided with America's Declaration of Independence. These volumes include Smith's assessment of the mercantile system, his advocacy of the freedom of commerce and industry, and his famous prophecy that "America will be one of the foremost nations of the world".

Adam Smith's The Wealth of Nations was recognized as a landmark of human thought upon its publication in 1776. As the first scientific argument for the principles of political economy, it is the point of departure for all subsequent economic thought. Smith's theories of capital accumulation, growth, and secular change, among others, continue to be influential in modern economics. This reprint of Edwin Cannan's definitive 1904 edition of The Wealth of Nations includes Cannan's famous introduction, notes, and a full index, as well as a new preface written especially for this edition by the distinguished economist George J. Stigler. Mr. Stigler's preface will be of value for anyone wishing to see the contemporary relevance of Adam Smith's thought.

Modern economics is generally credited to Adam Smith and his Wealth of Nations, written in 1776. His economic theories still influence us today. Yet, Smith was influenced by the economic theories of sixteenth century Spain. In particular the school of economics known as the School of Salamanca. Further this work shows how the great influx of gold and silver coming into Spain from the New World affected not only Spain but all of Europe. The Spanish government struggled to control inflation and the struggling Spanish economy. All the while Spain tried to control not only the New World but also half of Europe, oppose the Reformation, and hold back the threat of the advancing Islamic Ottoman Empire. Considering the economic stagnation of our times, the problems in the Middle East, and our strained relationship with various European countries, this work offers insight into understanding these concerns.