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An Inquiry into the Nature and Causes of the Wealth of Nations, generally referred to by its shortened title The Wealth of Nations, is the magnum opus of the Scottish economist and moral philosopher Adam Smith (1723–1790).
May 18, 2024 · The Wealth of Nations, work by the Scottish economist and philosopher Adam Smith, first published in 1776, that became a foundational study in the history of economics and the first formulation of a comprehensive system of political economy.
3 days ago · "The Wealth of Nations" is an influential text published by Scottish philosopher and economist Adam Smith in 1776. Its full title is "An Inquiry into the Nature and Causes of...
The Wealth Of Nations begins with Smith explaining production and exchange, and their contribution to national income. Using the example of a pin factory, Smith shows how specialisation can boost human productivity enormously. By specialising, people can use their talents, or acquire skill.
Jun 15, 2024 · Adam Smith, drawing by John Kay, 1790. Despite its renown as the first great work in political economy, The Wealth of Nations is in fact a continuation of the philosophical theme begun in The Theory of Moral Sentiments.
Feb 5, 2018 · An Inquiry into the Nature and Causes of the Wealth of Nations was first published in 1776. This edition of Smith’s work is based on Edwin Cannan’s careful 1904 compilation (Methuen and Co., Ltd) of Smith’s fifth edition of the book (1789), the final edition in Smith’s lifetime.
Having spent 10 years putting together this material in sum, Smith's 1776 Wealth of Nations had an enourmous impact among the rising bourgeois of Europe and the freshly independent United States of America.
First published in 1776, the year in which the American Revolution officially began, Smith’s Wealth of Nations sparked a revolution of its own. In it Smith analyzes the major elements of political economy, from market pricing and the division of labor to monetary, tax, trade, and other government policies that affect economic behavior.
Written in clear and incisive prose, The Wealth of Nations articulates the concepts indispensable to an understanding of contemporary society; and Robert Reich’s Introduction both...
Nov 13, 2021 · It is a clearly written account of political economy at the dawn of the Industrial Revolution, and is widely (if perhaps incorrectly) considered to be the first modern work in the field of economics. The work is also the first comprehensive defence of free markets.
