- Paperback: 576 pages
- Publisher: Penguin Classics; New Ed edition (25 Feb. 1982)
- Language: English
- ISBN-10: 0140432086
- ISBN-13: 978-0140432084
- Product Dimensions: 13 x 2.5 x 19.8 cm
- Average Customer Review: 196 customer reviews
- Amazon Bestsellers Rank: 96,653 in Books (See Top 100 in Books)
The Wealth of Nations: Books I-III Paperback – 25 Feb 1982
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"Adam Smith's enormous authority resides, in the end, in the same property that we discover in Marx: not in any ideology, but in an effort to see to the bottom of things."
--Robert L. Heilbroner
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".See all Product description
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Crucially: Smith cuts straight to the core and clarifies the issues that have confused decision makers prior to his writings. The amazing thing is that the general public, the media and politicians are still confused by it! They should all read Wealth of Nations.
The notes provided by Kathryn Sutherland make reading the book even more fascinating and instructive. Concepts that are strange to us (the feudal system, for example) are explained clearly and concisely.
Smith paints a very clear picture of the times he lived in and we get wonderful descriptions of the thrusting American colonies; the little-industrialised France; and under-developed China.
Smith is generally against anything that hinders trade and recommends that markets be as free as possible, but to associate him with more modern monetarist theories is quite unfair.
The Wealth of Nations takes a long time to read, but if you want to understand our current crisis properly, it is essential reading.
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