The Wealth of Nations
Pharos Books, Jun 22, 2021 - 762 pages
The Wealth of Nations was written by the eighteenth-century Scotsman Adam Smith, the "father of modern economics." It is a foundational treatise in economic thought. It discusses the benefits of the division of labor, competition, and trade. It famously argues that, where markets are competitive, an individual pursuing his or her self-interest, is led by "an invisible hand" to advance the public interest.
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LibraryThing ReviewUser Review - thcson - LibraryThing
Books IV-V of this work are more interesting than books I-III. These later volumes deal with mercantilism, colonies and the sources and expenses of public finance. Smith is clearly oriented toward ... Read full review