In relation with Hume, Voltaire, Franklin, and inspired by Newton's scientific method, Smith considers a logic based on the economic recognition of the labor force that would limit the power of the governments. The centralized state and its laws remain necessary to oppose abuses from the individuals.
For proposing a system of natural laws, he relies on Quesnay's theories of agricultural wealth. The application to justice enriches his vision of a free trade that is both moral and pragmatic and would further minimize the intervention of the governments.
His seminal book of political economy was published in London in 1776 under the title An Inquiry into the Nature and Causes of the Wealth of Nations. The author owned two copies of the first issue. One of them is not currently located. The other copy is estimated £ 500K for sale by Christie's in London on December 12, lot 220.
SOLD for £ 910K including premium