An Inquiry into the Nature and Causes of the Wealth of Nations - Smith, Adam
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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. The book offers one of the world's first collected descriptions of what builds nations' wealth and is today a fundamental work in classical economics. Right from examining the division of labour, the origin and use of money and the division of stock, to the rise and progress of cities and towns after the fall of the Roman Empire, the systems of political economy and the taxes on various private revenues, Adam Smith's The Wealth of Nations provides an…mehr

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Produktbeschreibung
First published in 1776, the year in which the American Revolution officially began, Smith's Wealth of Nations sparked a revolution of its own. The book offers one of the world's first collected descriptions of what builds nations' wealth and is today a fundamental work in classical economics. Right from examining the division of labour, the origin and use of money and the division of stock, to the rise and progress of cities and towns after the fall of the Roman Empire, the systems of political economy and the taxes on various private revenues, Adam Smith's The Wealth of Nations provides an extensive assessment of the creation of a nation's wealth. The book was a landmark work in the history and economics as it was comprehensive and an accurate characterization of the economic mechanisms at work in modern economics. Smith believed in a Meritocracy. Smith emphasized the advancement that one could take based on their will to better themselves. This is simply one of the most important books ever written on the subject of economics. Laying the foundation of classical political economy, this magnum opus is considered one of the best non-fiction books of all time. More than two centuries after its first publication in 1776, The Wealth of Nations continues to remain as influential as ever.
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Autorenporträt
Adam Smith (16 June 1723 - 17 July 1790) was a Scottish economist, philosopher and author as well as a moral philosopher, a pioneer of political economy and a key figure during the Scottish Enlightenment, also known as ''The Father of Economics'' or ''The Father of Capitalism.'' Smith wrote two classic works, The Theory of Moral Sentiments (1759) and An Inquiry into the Nature and Causes of the Wealth of Nations (1776). The latter, often abbreviated as The Wealth of Nations, is considered his magnum opus and the first modern work of economics. In his work, Adam Smith introduced his theory of absolute advantage. Smith studied social philosophy at the University of Glasgow and at Balliol College, Oxford. After graduating, he delivered a successful series of public lectures at the University of Edinburgh, leading him to collaborate with David Hume during the Scottish Enlightenment. Smith obtained a professorship at Glasgow, teaching moral philosophy and during this time, wrote and published The Theory of Moral Sentiments. In his later life, he took a tutoring position that allowed him to travel throughout Europe, where he met other intellectual leaders of his day. Smith laid the foundations of classical free market economic theory. The Wealth of Nations was a precursor to the modern academic discipline of economics. In this and other works, he developed the concept of division of labour and expounded upon how rational self-interest and competition can lead to economic prosperity. Smith was controversial in his own day and his general approach and writing style were often satirised by writers such as Horace Walpole.