Description

Book Synopsis

The classic economic treatise that insipired Thomas Piketty's Capital in the Twenty-First Century

The publication of The Wealth of Nations in 1776 coincided with America's Declaration of Independence, and with this landmark treatise on political economy, Adam Smith paved the way for modern capitalism, arguing that a truly free market - fired by competition yet guided as if by an 'invisible hand' to ensure justice and equality - was the engine of a fair and productive society. Books I - III of The Wealth of Nations examine the 'division of labour' as the key to economic growth, by ensuring the interdependence of individuals within society. They also cover the origins of money and the importance of wages, profit, rent and stocks, but the real sophistication of his analysis derives from the fact that it encompasses a combination of ethics, philosophy and history to create a vast panorama of society.

This edition contains an analytical introductio

Trade Review
"Adam Smith's enormous authority resides, in the end, in the same property that we discover in Marx: not in any ideology, but in an effort to see to the bottom of things."
--Robert L. Heilbroner

The Wealth of Nations Books IIII

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    A Paperback / softback by Adam Smith, Andrew Skinner, Andrew Skinner

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      Book details

      Publisher Penguin Random House Group
      Imprint Penguin Classics
      Published 25 February 1982
      ISBN-13 9780140432084
      978-0140432084
      ISBN-10 0140432086
      Also in:
      Business, Finance & Law Economic theory and philosophy Political economy

      Description

      Book Synopsis

      The classic economic treatise that insipired Thomas Piketty's Capital in the Twenty-First Century

      The publication of The Wealth of Nations in 1776 coincided with America's Declaration of Independence, and with this landmark treatise on political economy, Adam Smith paved the way for modern capitalism, arguing that a truly free market - fired by competition yet guided as if by an 'invisible hand' to ensure justice and equality - was the engine of a fair and productive society. Books I - III of The Wealth of Nations examine the 'division of labour' as the key to economic growth, by ensuring the interdependence of individuals within society. They also cover the origins of money and the importance of wages, profit, rent and stocks, but the real sophistication of his analysis derives from the fact that it encompasses a combination of ethics, philosophy and history to create a vast panorama of society.

      This edition contains an analytical introductio

      Trade Review
      "Adam Smith's enormous authority resides, in the end, in the same property that we discover in Marx: not in any ideology, but in an effort to see to the bottom of things."
      --Robert L. Heilbroner

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