Adam Smith

The Wealth of Nations (eBook, ePUB)

An Inquiry into the Nature and Causes (Economic Theory Classic)

• Format: ePub

Produktbeschreibung

Adam Smith's 'The Wealth of Nations' stands as a seminal text in the sphere of economic theory. With its comprehensive examination of the elements contributing to a nation's affluence, Smith's work is rooted firmly in the classical economic tradition. His incisive commentary on the division of labor, productivity, and the virtues of free markets transcends literary style, embedding itself in the rich tapestry of intellectual history. Crafted amidst the burgeoning Industrial Revolution, Smith's tome synthesizes seventeen years of scholarly endeavors, weaving prior notes and contemporary economic discussions into a cohesive narrative that challenges prevailing mercantilist and physiocratic ideologies, fostering a groundbreaking shift toward market liberalism. A philosopher and pioneer of economic thought, Adam Smith penned this formidable text as a confluence of his academic rigor, keen observations of economic life in 18th century Britain, and enlightening discourse with fellow scholars. The author's background as a moral philosopher beautifully complements his economic insights, rendering 'The Wealth of Nations' not merely a catalog of fiscal wisdom but also an ethical guide to the advancement of society through the principles of natural liberty. Smith's dedication offers a profound understanding of economic conditions of his time, ultimately shaping the foundational principles of classical economics. Praised for its enduring relevance, 'The Wealth of Nations' is recommended reading for those seeking to comprehend the genesis of modern economic theory. Scholars, students, and anyone intrigued by the mechanics of prosperity within a capitalist framework will find Smith's meticulous dissection of economic principles invaluable. This tome is more than historical artifact; it is a guidepost for economic philosophy and policy, providing insightful perspectives that continue to resonate with contemporary economic discourse.

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Produktdetails

• Verlag: DigiCat
• Seitenzahl: 696
• Erscheinungstermin: 14. November 2023
• Englisch
• ISBN-13: 8596547722069
• Artikelnr.: 69355127

Autorenporträt

Adam Smith (1723-1790) stands as a towering figure in the history of economic thought. Known primarily for his work 'An Inquiry into the Nature and Causes of the Wealth of Nations' (1776), commonly referred to as 'The Wealth of Nations', Smith laid the foundations for classical economics and free-market thought. Born in Kirkcaldy, Scotland, Smith was a moral philosopher, a pioneer of political economy, and a key figure during the Scottish Enlightenment. Before his seminal work on economics, Smith authored 'The Theory of Moral Sentiments' (1759), which explored the nature of ethical judgment. In 'The Wealth of Nations', Smith introduced the concept of an 'invisible hand' that guides free markets and discussed the division of labor, productivity, and free trade as central to economic prosperity. His in-depth analysis of the functioning of economies and critique of mercantilism have cemented his legacy as the 'Father of Economics'. Smith's literary style combines rigorous empirical observation with a principled inquiry into human nature and societal arrangements, offering insights that remain foundational in modern economic and philosophical discourse.