The Wealth of Nations - Smith, Adam
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Considered the most celebrated classic on Economics ever written, The Wealth of Nations was penned by the preeminent scholar of the eighteenth century - the great Adam Smith. First published during the Scottish Enlightenment in 1776, The Wealth of Nations has changed the way the world looks at economics. Many scholars have been heavily influenced by this classic, as well as organizations and governments. Alexander Hamilton was influenced by Smith's masterpiece when he countered with his Report on Manufacturers. Some of the other authors that were affected by The Wealth of Nations include…mehr

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Produktbeschreibung
Considered the most celebrated classic on Economics ever written, The Wealth of Nations was penned by the preeminent scholar of the eighteenth century - the great Adam Smith. First published during the Scottish Enlightenment in 1776, The Wealth of Nations has changed the way the world looks at economics. Many scholars have been heavily influenced by this classic, as well as organizations and governments. Alexander Hamilton was influenced by Smith's masterpiece when he countered with his Report on Manufacturers. Some of the other authors that were affected by The Wealth of Nations include Ludwig von Mises, Alexsandr Pushkin, Thomas Malthus, and David Ricardo. Now widely studied in college classrooms around the world, the themes first promoted by The Wealth of Nations have remained timeless and crucial to the study to the study of economics. Smith's theory that a nation's wealth is generated by its gross national product still holds today. His classic helped influence governments to focus on real economic growth instead of building up their stores of silver and gold.
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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.