The Wealth of Nations, Books 1-3

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Penguin, 1986 - Business & Economics - 537 pages
37 Reviews
Originally delivered in the form of lectures at Glasgow, Adam Smith's The Wealth of Nations Books I-III laid the foundations of economic theory in general and 'classical' economics in particular, and this Penguin Classics edition is edited with an introduction and notes by Andrew Skinner. 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 introduction offering an in-depth discussion of Smith as an economist and social scientist, as well as a preface, further reading and explanatory notes. Adam Smith (1723-90) was born in Glasgow and educated at Glasgow and Oxford. Two years after his return to Scotland, Smith moved to Edinburgh, where he delivered lectures on Rhetoric. In 1751 Smith was appointed Professor of Logic at Glasgow, but was translated to chair of Moral Philosophy in 1752. The Theory of Moral Sentiments was published in 1759, and The Wealth of Nations in 1776, the same year as the Declaration of Independence. If you enjoyed The Wealth of Nations, you might like Karl Marx's Capital, also available in Penguin Classics.
  

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Review: The Wealth of Nations, Books 1-3

User Review  - Rob Mills - Goodreads

It's a classic.. I like classics. It's the seminal capitalist work.. and I'm a capitalist. .. but I still didn't like it. I've read so many works on finance and economics that I found all of it very ... Read full review

Review: The Wealth of Nations, Books 1-3

User Review  - Paul Peterson - Goodreads

Did not finish. Too old, too stuffy, too irrelevant because nobody cares anymore. Certainly not I. We've all decided on the path of failure Read full review

Contents

Preface
3
Adam Smith
4
Abbreviations and References
7
Analytical Introduction
8
Notes to the Introduction
86
THE WEALTH OF NATIONS BOOKS IIII
99
Further Reading
521
Index
523
Copyright

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About the author (1986)

Adam Smith (1723-90) taught both logic and moral philosophy at Glasgow University. His Wealth of Nations revolutionised the economic theories of the time. Andrew Skinner teaches at the Adam Smith Institute and is an expert on the author's work.