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interdependent parts. His development of this came well before the Wealth
of Nations: it is in the Theory of Moral Sentiments of 1759 and the Lectures of
1762–3’ (D. P. O’Brien, The Classical Economists, 1975, p. 29).
Adam Smith’s Theory of Moral Sentiments is, in brief, that they are founded
not, as Hume said, on self-interest, but on fellow-feeling – the ability
one man has to put himself in the place of another, and to judge others by
himself and himself by others. Smith’s teleological view of the universe,
expounded in the Moral Sentiments, permeates the Wealth, and perhaps the
most famous example is to be found in the ‘invisible hand’ of the latter
work. ‘The exposition in the Wealth of Nations is much more particularized
than that in the Moral Sentiments... It occurs through the beneWcial results
of the pursuit of self-interest (within a framework of law and custom) and
manifests itself in such phenomena as the division of labour (with its origin
in the propensity to barter), money, savings and investment, and trade’,
ibid, p. 30. An understanding of Smith’s views on the complex relationship
between Sympathy and Self-interest is also to be gained from the study of
both works.
Goldsmiths’–Kress 09537; Vanderblue p. 38; not in Mattioli.
With Turgot’s ReXections
110 SMITH, Adam. An Inquiry into the Nature and Causes of
the Wealth of Nations... Vol. I [–Vol. IV]. Basel and Paris, James
Decker and Levrault, 1801. £1350
Four volumes, 8vo, pp. viii, 68, 406; vi, 344; iv, 358, [5] appendix,
[1] blank; v, [1] blank, 374, [52] index; near contemporary half tan
calf over marbled boards; Xat spines decoratively gilt, with red morocco
lettering and numbering pieces; extremities a little rubbed, else Wne;
with blindstamp and book label of Adolf Jellineck in Brünn, and an
inscription in Greek to front free endpaper, with a quote from the Book
of Revelation X, 9; throughout there are some blue and red markings
and underlinings, and numerous early annotations in ink; an attractive
copy.
Second Continental edition of Adam Smith’s Wealth of Nations, and the
only edition to include an English translation of Turgot’s Réflexions sur la
formation et la distribution des richesses, a work which had a great inXuence
on Adam Smith, and which McCulloch describes as ‘the best work on the
science published previously to the Wealth of Nations’.
This copy has some interesting annotations, including many marginal
comments in ink, mostly in English, which were clearly added before the
book was bound in its present binding, as the pages needed to be turned in,
before the copy was trimmed by the binder. The markings in red and blue
crayon are of a later date, and can be attributed to the owner Dr. Bobetz
or Bobek, who signed all four volumes, and interestingly dates his progress
through the book from 15. August 1900 to 24 September 1901.
Goldsmiths’–Kress 18148; Vanderblue, p. 20; not in Einaudi.
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