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.
The Wealth of Nations
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Smith's "The Wealth of Nations" was the first comprehensive treatment of political economy. Originally delivered in the form of lectures at Glasgow, the book's publication in 1776 co-incided with America's Declaration of Independence. These volumes include Smith's assessment of the mercantile system, his advocacy of the freedom of commerce and industry, and his famous prophecy that "America will be one of the foremost nations of the world".
Über den Autor
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.
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The greatest improvement in the productive powers of labour, and the greater part of the skill, dexterity, and judgement with which it is anywhere directed, or applied, seem to have been the effects of the division of labour. Lesen Sie die erste Seite
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The greatest improvement in the productive powers of labour, and the greater part of the skill, dexterity, and judgement with which it is anywhere directed, or applied, seem to have been the effects of the division of labour. Lesen Sie die erste Seite
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Two centuries ago, Adam Smith explained the modern free-market economy. More than that, he discusses the need for, advantages of, and limitations of a free markets.
The introduction in this printing is especially good. Almost a book in itself, it extend for 50 pages and connects the book to other philosophers and economists. Almost, you don't need to read the book after you've read the introduction -- but do it anyway, just to be amazed at Smith's prescience.
Von Mark Nord
Format:Taschenbuch|Von Amazon bestätigter Kauf
Lots of his thoughts are the basis of todays sience on economy,
he lies the foundation of the construct that explains the reasons for the groth on domestic and global economy.
he lies the foundation of the construct that explains the reasons for the groth on domestic and global economy.
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Two hundred years ago capitalism was really beginning to take over as the dominant economic system. Capitalism was at the time a system allowing an economic and scientific growth, much faster than under the feudal systems, and played a progressive role. However capitalism led to a new kind of oppression of the working class. Adam Smith gave the bourgoise a theory stating that their oppression of the working class was for the common good of all mankind, thus serving as an apology for oppression.
This book is a lousy apology. Capitalism is an old-fashioned economic system, ready to become buried on the scrapyard of history. Workers of all countries, Unite!
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