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Adam Smith's seminal work, The Wealth of Nations, stands as a cornerstone of economic thought, offering profound insights into the nature of economic systems and the principles that govern them. First published in 1776, this influential text delves into the intricacies of free markets, the division of labour, and the role of self-interest in fostering economic prosperity.
In this comprehensive exploration, Smith articulates the mechanics of commerce and trade, arguing that individuals pursuing their own interests inadvertently contribute to the collective good. Through detailed analysis and philosophical inquiry, he discusses the importance of competition and the invisible hand that guides market dynamics. Smith's observations extend beyond mere economics; they touch upon ethics, human behaviour, and the societal implications of wealth distribution.
This book is ideal for students of economics, philosophy enthusiasts, and anyone interested in the historical development of economic thought. Readers who appreciate works such as The Theory of Moral Sentiments will find Smith's exploration of human behaviour equally compelling.
“The Wealth of Nations” not only lays the groundwork for modern economics but also invites readers to ponder the ethical implications of wealth and commerce.
Format: Paperback / softback
Dimensions: × ×
Pages: 576
Publisher: Penguin Random House
ISBN: 9780140432084
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