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Book Title: The Wealth of Nations|
ISBN 13: 9780140400120
Format files: PDF
The size of the: 775 KB
City - Country: No data
The author of the book: Adam Smith
Edition: Penguin (Non-Classics)
Date of issue: August 30th 1985
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Reader ratings: 3.5
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By pin-pointing the 'division of labour' as a major explanation of economic growth, Adam Smith laid the foundations of economic theory in general and of 'classical' economics in particular. But Andrew Skinner shows in his introduction to this edition that the real sophistication of The Wealth of Nations lies less in its overall picture of a vast analytical system - a capitalist economy - in which all the parts can be seen simultaneously interacting with each other. Moreover, he stresses that Smith's view of society was mot a merely economic one, and that The Wealth of Nations is for from being an apologia for unregulated business enterprise: Smith was at pains to show that economic advance can have undesirable social consequences, and that labour which is economically unproductive can be beneficial to society at large.
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Read information about the authorAlthough the exact date of Smith's birth is unknown, his baptism was recorded on 16 June 1723 at Kirkcaldy.
A Scottish moral philosopher and a pioneer of political economy. One of the key figures of the Scottish Enlightenment, Smith is the author of The Theory of Moral Sentiments and An Inquiry into the Nature and Causes of the Wealth of Nations. The latter, usually abbreviated as The Wealth of Nations, is considered his magnum opus and the first modern work of economics. Adam Smith is widely cited as the father of modern economics.
For other authors of this name, see Adam Smith
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