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An Inquiry into the Nature and Causes of the Wealth of Nations (The Glasgow Edition of the Works & Correspondence of Adam Smith) Vol. 1 & 2
PDF Ebook An Inquiry into the Nature and Causes of the Wealth of Nations (The Glasgow Edition of the Works & Correspondence of Adam Smith) Vol. 1 & 2
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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. Throughout he offers seminal arguments for free trade, free markets, and limited government.
Criticizing mercantilists who sought to use the state to increase their nations' supply of precious metals, Smith points out that a nation's wealth should be measured by the well-being of its people. Prosperity in turn requires voluntary exchange of goods in a peaceful, well-ordered market. How to establish and maintain such markets? For Smith the answer lay in man's social instincts, which government may encourage by upholding social standards of decency, honesty, and virtue, but which government undermines when it unduly interferes with the intrinsically private functions of production and exchange. Social and economic order arise from the natural desires to better one's (and one's family's) lot and to gain the praise and avoid the censure of one's neighbors and business associates. Individuals behave decently and honestly because it gives them a clear conscience as well as the good reputation necessary for public approbation and sustained, profitable business relations.
- Sales Rank: #335929 in Books
- Brand: Brand: Liberty Classics
- Published on: 1982-03-01
- Original language: English
- Number of items: 2
- Dimensions: 9.25" h x 6.25" w x 3.25" l, 4.10 pounds
- Binding: Paperback
- 1094 pages
- Used Book in Good Condition
Review
"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
From the Trade Paperback edition.
From the Inside Flap
Adam Smith's masterpiece, first published in 1776, is the foundation of modern economic thought and remains the single most important account of the rise of, and the principles behind, modern capitalism. Written in clear and incisive prose, The Wealth of Nations articulates the concepts indispensable to an understanding of contemporary society; and Robert Reich's new Introduction for this edition both clarifies Smith's analyses and illuminates his overall relevance to the world in which we live. As Reich writes, "Smith's mind ranged over issues as fresh and topical today as they were in the late eighteenth century--jobs, wages, politics, government, trade, education, business, and ethics."
From the Back Cover
"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
Most helpful customer reviews
0 of 0 people found the following review helpful.
Classic book and made to read efficiently
By Tallon Howie
Classic political economy book. You don't have to read the book to understand his main points, but if you want to understand how he reaches his conclusions it's very interesting. You can skip over most of the chapters and read selectively.
The condition of the book was okay. There are cool side columns that summarize each paragraph if you want to skim through some parts or find a particular section.
0 of 0 people found the following review helpful.
Great intro to economics from the guy who founded it
By Amazon Customer
Great intro to economics from the guy who founded it. Provides a very intuitive foundation for all the economics that emerges from 1776 to now. Only problem is all the examples are from a bygone economy and not readily familiar to contemporary readers. Also, I could do without 70 pages chronicling the price of silver from 1400 until 1770. Maybe the abridged version would do.
5 of 5 people found the following review helpful.
Great book, but Modern Library's Kindle edition is poorly formatted
By Zeldock
After some 6 months of buying Kindle books, I've found that the better-known publishers as often as not DON'T do a better job of formatting their titles for Kindle. The Modern Library's Kindle version of "The Wealth of Nations" is a case in point. The footnotes, which appear at the end of each chapter, are all run together in one big paragraph, without any numbers to show where each footnote begins. Moreover, while the footnote references in the text are linked, the links take you only to the start of the footnotes for that chapter, rather than to the pertinent footnote itself. A lesser problem is that the paragraphs in the text do not begin with indents; thus, the only way to tell when a new paragraph starts is if you come to a line that extends only halfway across the screen.
On the plus side, this edition does include the explanatory call-outs of the original (in italics at the end of each section they pertain to) and the lengthy 1906 explanatory introduction by Edwin Cannan (though for some reason not the introduction by Robert Rubin to the recent Modern Library paperback).
But it's a shame that Modern Library didn't do a better job with the formatting, especially since other Kindle publishers have made TWON available at a fraction of what Modern Library charges.
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