The Wealth of Nations

The Wealth of Nations

Book - 2000
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Adam Smith's masterpiece, first published in 1776, is the foundation of modern economic thought and remains the single most important account of the rise of, and the principles behind, modern capitalism. Written in clear and incisive prose, The Wealth of Nations articulates the concepts indispensable to an understanding of contemporary society; and Robert Reich's Introduction both clarifies Smith's analyses and illuminates his overall relevance to the world in which we live. As Reich writes, "Smith's mind ranged over issues as fresh and topical today as they were in the late eighteenth century--jobs, wages, politics, government, trade, education, business, and ethics."

Introduction by Robert Reich * Commentary by R. H. Campbell and A. S. Skinner * Includes a Modern Library Reading Group Guide

Publisher: New York : Random House, 2000
Edition: Modern Library pbk. ed. --
ISBN: 9780679783367
0679783369
Branch Call Number: 330.153 Smi
Characteristics: xxvi, 1155 p. --

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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.

r
rpavlacic
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.

s
stewstealth
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
--Wikipedia

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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