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The Wealth Of Nations (Books I-Iii)
[Paperback - 1999]
adam smith
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Category: Business
Sub-category: Economics
Additional Category: Classics
Publisher: Penguin Black Classics Uk | ISBN: 9780140432084 | Pages: 576
Shipping Weight: .395 | Dimensions: 0
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Description

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 ofThe Wealth of Nationsin 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 ofThe Wealth of Nationsexamine 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.

About the Author

For other authors of this name, seeAdam Smith.Adam Smith FRSA FRS FRSE was a Scottish philosopher and economist who was a pioneer in thinking on political economy and a key figure during the Scottish Enlightenment. He wrote two classic works,The Theory of Moral Sentiments(1759) andAn Inquiry into the Nature and Causes of the Wealth of Nations(1776). The latter, often abbreviated asThe Wealth of Nations, is considered his magnum opus and the first modern work that treats economics as a comprehensive system and as an academic discipline.Authorities recorded his baptism on 16 June 1723 at Kirkcaldy.https://en.wikipedia.org/wiki/Adam_Smith

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