The Wealth of Nations

"The Wealth of Nations (Valuable Gold Edition)" is Adam Smith's most influential work. This book made a great contribution to the creation of the field of economics and made economics an independent discipline. The first four chapters of "The Wealth of Nations (Super Value Gold Edition)" explain how national income is composed, and the nature of the wealth supplied to national consumption in different times and countries every year. The last part of the book, the fifth, deals with the income of a prince or a state. In the fifth chapter, the author tries his best to explain the following three points: first, what are the necessary expenses of the monarch or the country, and which part of the tax revenue should be borne by the whole society, and which part should come from certain special classes or members of the society; second, how to raise funds from all taxpayers in the whole society, and what are the pros and cons of various fundraising methods; third, why almost all governments in modern times use part of the revenue as a guarantee to issue public bonds. What effect does debt have on the real wealth of the annual produce of land and labor.