The Wealth of Nations, Books 1-3

Front Cover
Penguin, Jan 1, 1982 - Business & Economics - 537 pages
28 Reviews
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, the importance of wages, profit, rent and stocks. Smith's work laid the foundations of economic theory in general and 'classical' economics in particular, but the real sophistication of his analysis derives from the fact that it also 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.
 

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Review: The Wealth of Nations, Books 1-3

User Review  - Vlad Goga - Goodreads

Smith purposely stated he wrote the book in a really clear manner to express economical concepts with the flaw of becoming boring in his writing. He did not lie here!! Read full review

Review: The Wealth of Nations, Books 1-3

User Review  - Niall Fitzpatrick - Goodreads

A very challenging but rewarding read. I did start it before but found this edition much easier to stick with. I read a lot about economic history already but the genius of Adam Smith is his passive ... 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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References to this book

Collective Action
Russell Hardin
Limited preview - 1982
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About the author (1982)

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.