The Wealth of Nations

The Wealth of Nations

Adam Smith ; Introduction by Alan B. Krueger ; Edited, With Notes and Marginal Summary, by Edwin Cannan

Book - 2003 | Bantam classic edition
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The Wealth of Nations
by Adam Smith

It is symbolic that Adam Smith's masterpiece of economic analysis, The Wealth of Nations , was first published in 1776, the same year as the Declaration of Independence.

In his book, Smith fervently extolled the simple yet enlightened notion that individuals are fully capable of setting and regulating prices for their own goods and services. He argued passionately in favor of free trade, yet stood up for the little guy. The Wealth of Nations provided the first--and still the most eloquent--integrated description of the workings of a market economy.

The result of Smith's efforts is a witty, highly readable work of genius filled with prescient theories that form the basis of a thriving capitalist system. This unabridged edition offers the modern reader a fresh look at a timeless and seminal work that revolutionized the way governments and individuals view the creation and dispersion of wealth--and that continues to influence our economy right up to the present day.
Publisher: New York, New York : Bantam Dell, a division of Random House, Inc., ©2003
Edition: Bantam classic edition
ISBN: 9780553585971
Branch Call Number: 330.153 SMI 2003
Characteristics: xxv, 1231 pages ; 18 cm


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dendem4 Apr 20, 2016

It's a primary source, what can I say. Makes a lot more sense than Das Kapital.

Jan 24, 2016

The famous money quote about the "invisible hand" does not appear well into the book (Book IV, chapter 2) and it does not deal so much with free enterprise as is commonly thought, but the tendency of people to choose domestic products over foreign ones when purchasing something. That being said, this is indeed one of the all time classic books and it should be mandatory reading for anyone who handles money, for it offers an understanding not just the division of labour and how markets work, but the relationship between richer and poorer countries, and even well off nations between each other. I have a feeling if Wall Street had actually heeded its sage advice, the 2008 meltdown may well have been avoided. If you think you know how economics should work, you may be in for a surprise. But you won't be reading this in one sitting.

Jun 05, 2014

Considering it's age the book is still very relevant. It's amazing that this and Origin of the Species by Darwin written about 100 years after are still ignored and overlooked by so many of the populace. A greater and more equal society is to be had if we can remove the crony from true Capitalism. A book everyone should read if you consider yourself knowledgeable or informed.

pintoabe Sep 22, 2013

The wealth of nations is the magnum opus of the Scottish economist and moral philosopher Adam Smith. First published in 1776, the book offers one of the world's first collected descriptions of what builds nations' wealth and is today a fundamental work in classical economics. Through reflection over the economics at the beginning of the Industrial Revolution the book touches upon broad topics as the division of labor, productivity and free markets

This book is one of the earliest books written on capitalism. It explains how capitalism is the most productive system and is often referred to as the "bible of capitalism". It is a MUST READ for ALL AMERICANS!! (Unless you do not plan on working or voting)
Ps: I would not recomend this book for children under 8th grade (it is a bit difficult)

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