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The Wealth of Nations

Books I-III
By Adam Smith
Series: The Wealth of Nations
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Book Hero Magic crafted this summary to help describe this book. While it's new and still learning, it may not be perfect - your feedback is welcome! Summary
The Wealth of Nations by Adam Smith explores the principles and dynamics of economic systems, focusing on the benefits of free markets and the division of labour. It delves into how nations build wealth through trade, productivity, and self-interest, providing foundational ideas for modern economics. Smith analyses the roles of capital, government, and individuals in driving economic prosperity.
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Format: Paperback / softback
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Book Hero Magic created this recommendation. While it's new and still learning, it may not be perfect - your feedback is welcome! IS THIS YOUR NEXT READ?

You might enjoy this classic text if you're interested in exploring the foundations of modern economics. It provides valuable insights into free markets, the division of labour, and the invisible hand theory. Perfect for readers with a keen interest in economic theory and its historical development.

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The Wealth of Nations

Gives a comprehensive treatment of political economy. Originally delivered in the form of lectures at Glasgow, this book's includes the author'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".

Book Hero Magic formatted this description to make it easier to read. While it's new and still learning, it may not be perfect - your feedback is welcome! Description

With this landmark treatise on political economy, Adam Smith paved the way for modern capitalism, arguing that a truly free market 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, the importance of wages, profit, rent, and stocks.

Smith's work laid the foundations of economic theory in general and "classical" economics in particular, but the real sophistication of his analysis derives from the fact that it also encompasses a combination of ethics, philosophy, and history to create a vast panorama of society.

Series: The Wealth of Nations

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Book Hero Magic summarised reviews for this book. While it's new and still learning, it may not be perfect - your feedback is welcome! HOW HAS THIS BEEN REVIEWED?

The Wealth of Nations is celebrated for its profound impact on economics, with reviews often highlighting Adam Smith's insightful examination of capitalism and market dynamics. Renowned for delving deeply into economic principles, the book is praised for its clarity and enduring relevance in understanding the foundations of economic theory and free markets.

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Book Details

INFORMATION

ISBN: 9780140432084

Publisher: Penguin Books Ltd

Format: Paperback / softback

Date Published: 25 February 1982

Country: United Kingdom

Imprint: Penguin Classics

Contributors:

  • Edited by Andrew Skinner
  • Introduction by Andrew Skinner
  • Notes by Andrew Skinner

Audience: General / adult

DIMENSIONS

Spine width: 24.0mm

Width: 129.0mm

Height: 197.0mm

Weight: 396g

Pages: 576

Collections

Adam Smith Education & Reference Featured Finance & Economics Finance & Investment Non-Fiction Penguin Books Penguin Classics Series: The Wealth of Nations

About the Author

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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