Wealth of Nations at 250

We have a lovely first edition of Adam Smith's An Inquiry into the Nature and Causes of the Wealth of Nations published 250 year ago in March of 1776. A lot happened that year and the Enlightenment was having a pretty dramatic (one might say revolutionary) impact across Europe and into the colonies. Oddly, it had never occurred to me to think of Wealth of Nations as a product of the Enlightenment until about ten years ago when a faculty member in the Economics department asked me to talk about the book next to Diderot's Encyclopédie. At first I was confused, then it all made sense.

You see Adam Smith was one of the book buyers for the University of Glasgow and he persuaded the university to invest in the acquisition of Diderot's epic project to create an encyclopedia that would wrest control of knowledge from the church and the monarchy and put it into the hands of anyone literate and able to gain access to his encyclopedia. Smith would have been an avid consumer of the work, so is it any wonder that his first and most famous example of the division of labor came right out of the Diderot's project? You can look at Wealth of Nations alongside the fabulous illustrations of pin manufacture presented in volume 4 of the plates of the Encyclopédie. This is old news to anyone well versed in the history of economics, but for me it was an enlightening experience that made me rethink the rise of capitalism.

To see the first edition of An Inquiry into the Nature and Causes of the Wealth of Nations, ask for Val 330.1 S643i 1776. For Diderot's Encyclopédie, ou, Dictionnaire raisonné des sciences, des arts et des métiers you'll want Rare AE25 .E53 (ask for volume 4 of the plates).