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I basically agree with David Mitch. But let me add a point for 
clarification. 
 
I think that we have two cases to discriminate: those texts which do not 
need any kind of specific knowledge from readers and those which presuppose 
some basic knowledge of economics. 
 
I can recommend Smith's Wealth of Nations even for freshman seminars, but 
reading, for instance, Keynes's GN without any substantial knowledge of 
macroeconomics is unthinkable. The same can be said of Walras's Elements. 
These works must read after finishing the basic courses of macroeconomics 
and microeconomics.  
 
Yukihiro Ikeda 
 
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