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“THE FIRST AND GREATEST CLASSIC OF MODERN ECONOMIC THOUGHT”

SMITH, Adam. Inquiry into the Nature and Causes of the Wealth of Nations. London, 1786. Three volumes.

1786 edition (fourth edition overall) of Smith's landmark work on the individual's right to the free exercise of economic activity—"the first and greatest classic of modern economic thought" (PMM)—this edition published only ten years after the very rare first edition, an attractive copy in contemporary calf boards. $12,000.

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"SMITH HIMSELF RANKED IT ABOVE THE WEALTH OF NATIONS"

SMITH, Adam. Theory of Moral Sentiments. London, 1767.

Major third edition of Smith's first book, containing the first publication in book form of Smith's Considerations Concerning the First Formation of Languages, increasingly seen as "reflecting core ideas about communication that are integral to the full system of Smith's thought," along with the second edition's revisions at the core of "his central concepts of sympathy and the impartial spectator" (Tribe, 14), a seminal 1767 edition of Moral Sentiments—"one of the truly outstanding books in the intellectual history of the world" (Amartya Sen). $8200.

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