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The Wealth of Nations - (Modern Library (Hardcover)) by Adam Smith (Hardcover)

The Wealth of Nations - (Modern Library (Hardcover)) by  Adam Smith (Hardcover) - image 1 of 1
The Wealth of Nations - (Modern Library (Hardcover)) by  Adam Smith (Hardcover) - image 1 of 1
$18.49 sale price when purchased online
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About this item

Highlights

  • First published in 1776, The Wealth of Nations is generally regarded as the foundation of contemporary economic thought.
  • About the Author: Adam Smith was born in a small village in Kirkcaldy, Scotland in 1723.
  • 1200 Pages
  • Business + Money Management, Government & Business
  • Series Name: Modern Library (Hardcover)

Description



Book Synopsis



First published in 1776, The Wealth of Nations is generally regarded as the foundation of contemporary economic thought. Adam Smith, a Scottish professor of moral philosophy, expounded the then-revolutionary doctrine of economic liberalism. The book's importance was immediately recognized by Smith's peers, and later economists have shown an unusual consensus in their admiration for his ideas.

Combining economics, political theory, history, philosophy, and practical programs, Smith assumes that human self-interest is the basic psychological drive behind economics and that a natural order in the universe makes all the individual, self-interested strivings add up to the social good. His conclusion, that the best program is to leave the economic process alone and that government is useful only as an agent to preserve order and to perform routine functions, is now known as laissez-faire economics or noninterventionism.

In noting for the first time the significance of the division of labor and by stating the hypothesis that a commodity's value correlates to its labor input, Smith anticipated the writings of Karl Marx. Like Marx's Das Capital and Machiavelli's The Prince, his great book marked the dawning of a new historical epoch.



From the Back Cover



The Wealth Of Nations was recognized as a landmark of human though upon its publication in 1776. As the first scientific argument for the principles of political economy, it is the point of departure for all subsequent economic thought.



Review Quotes




"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



About the Author



Adam Smith was born in a small village in Kirkcaldy, Scotland in 1723. He entered the University of Glasgow at age fourteen, and later attended Balliol College at Oxford. After lecturing for a period, he held several teaching positions at Glasgow University. His greatest achievement was writing The Wealth of Nations (1776), a five-book series that sought to expose the true causes of prosperity, and installed him as the father of contemporary economic thought. He died in Edinburgh on July 19, 1790.
Dimensions (Overall): 8.0 Inches (H) x 6.0 Inches (W) x 2.0 Inches (D)
Weight: 2.42 Pounds
Suggested Age: 22 Years and Up
Number of Pages: 1200
Genre: Business + Money Management
Sub-Genre: Government & Business
Series Title: Modern Library (Hardcover)
Publisher: Modern Library
Format: Hardcover
Author: Adam Smith
Language: English
Street Date: January 25, 1994
TCIN: 12087045
UPC: 9780679424734
Item Number (DPCI): 247-03-6976
Origin: Made in the USA or Imported
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Shipping details

Estimated ship dimensions: 2 inches length x 6 inches width x 8 inches height
Estimated ship weight: 2.42 pounds
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