The Wealth of Nations, Adam Smith
The Wealth of Nations, Adam Smith
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The Wealth of Nations

Author: Adam Smith

Narrator: Gildart Jackson

Unabridged: 36 hr 44 min

Format: Digital Audiobook Download

Publisher: Tantor Media

Published: 12/24/2010

Includes: Bonus Material Bonus Material Included


Synopsis

The foundation for all modern economic thought and political economy, The Wealth of Nations is the magnum opus of Scottish economist Adam Smith, who introduces the world to the very idea of economics and capitalism in the modern sense of the words. Smith details his argument in five books:

Book I. Of the Causes of Improvement in the Productive Power of Labour

Book II. Of the Nature, Accumulation, and Employment of Stock Introduction

Book III. Of the Different Progress of Opulence in Different Nations

Book IV. Of Systems of Political Economy

Book V. Of the Revenue of the Sovereign or Commonwealth

Taken together, these books form a giant leap forward in the field of economics. A product of the "Age of Enlightenment," The Wealth of Nations is a must for all who wish to gain a better understanding of the principles upon which all modern capitalistic economies have been founded and the process of wealth creation that is engendered by those principles.

About Adam Smith

Adam Smith (1723-1790) was a Scottish philosopher who is best known for his book The Wealth of Nations, which had a profound influence on modern economics and concepts of individual freedom. He was a professor of logic at Glasgow University, as well as the chair of moral philosophy. His lectures covered the field of ethics, rhetoric, jurisprudence, and political economy. In 1759, he published his Theory of Moral Sentiments, which embodies some of his Glasgow lectures. In 1776, he published The Wealth of Nations, which covered such concepts as the role of self-interest, the division of labor, the function of markets, and the international implications of a laissez-faire economy. Smith is most often recognized for the expression "the invisible hand," which he used to demonstrate how self-interest guides the most efficient use of resources in a nation's economy, with public welfare coming as a by-product.


Reviews

Goodreads review by Jon on October 11, 2024

One of the hardest books I have ever read - I feel overwhelmed as far as the concepts - so I will just make a general comment: If you want to understand the foundational concepts of economic policy and have the perspective of a true genius then this book is for you. It is SCARY how many situations A......more

Goodreads review by Erik on January 14, 2015

A prideful and ambitious boy, hearing that President Kennedy had been a speed reader, I cut lawns and shovelled walks to pay for an Evelyn Wood Reading Dynamics program. We met in the spare basement of the hideous modern structure that passed for Park Ridge's "Inn"--a residence primarily for attenda......more

Goodreads review by Saadia on June 02, 2021

Oh this book was such a tiresome read that I finished 4 other books before completing this one. Started to take toll on me with so much unnecessary explanations which made no sense. Sometimes cringe worthy! Adam Smith was one of the few individuals who wanted the economic cycle to run itself. Hence......more

Goodreads review by Amit on August 01, 2018

An erudite who not only changed the shape of economics thinking but also laid the foundation of capitalism and industrialization. The book by him can be regarded as The Bible of economics.......more

Goodreads review by Patrick on September 06, 2024

2013 One of the best and most important books ever written. Period. Smith made a few mistakes, but he was a pioneer and what he did for the world with this book and his other book, Theory of Moral Sentiments, are incomparable gifts to mankind. His opening analysis of "division of labor" as being the c......more