Adam Smith

The Wealth of Nations (eBook, ePUB)

• Format: ePub

Produktbeschreibung

Adam Smith's seminal work, 'The Wealth of Nations,' stands as a towering achievement in the landscape of economic literature. Written with a perspicacious blend of empirical grounding and philosophical insight, the book is a comprehensive exposition on the mechanisms that undergird economic prosperity and development. Smith's exploration of concepts such as the division of labor, productivity, and free markets was pioneering, offering readers an elaborate analysis of economic principles through the lens of the nascent Industrial Revolution. Its style melds the rigor of economic argumentation with a broader socio-philosophical narrative, situating the work within the Enlightenment's valorization of reason and progress while it presciently critiques and dismantles the prevailing mercantilist and physiocratic doctrines of its era. As much a moral philosopher as an economist, Adam Smith brought to 'The Wealth of Nations' a rich repository of insights gleaned from his earlier works, such as 'The Theory of Moral Sentiments,' and from the vibrant intellectual exchanges of his contemporaries. Seventeen years in the making, the book was as much a culmination of Smith's intellectual journey as it was a reflection of an evolving economic landscape. His opus echoes with the fervor for systematic inquiry and humanistic values that characterized Enlightenment thought, illuminating the intrinsic links between economic policies, individual welfare, and societal prosperity. For scholars and students of economics, 'The Wealth of Nations' is an indispensable classic, a cornerstone text that laid the foundations for modern economic theory. It invites readers not merely to understand the economic mechanics of wealth creation but to consider the moral and political implications of those mechanics. To engage with Smith's work is to witness the birth of economics as an autonomous discipline and to gain an enduring appreciation for the intellectual vigor from which today's economic paradigms have evolved.

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Produktdetails

• Verlag: DigiCat
• Seitenzahl: 696
• Erscheinungstermin: 15. November 2023
• Englisch
• ISBN-13: 8596547722519
• Artikelnr.: 69609222

Autorenporträt

Adam Smith (1723-1790) was a towering figure in the field of economics and moral philosophy. Born in Kirkcaldy, Scotland, Smith's intellectual contributions laid the foundations for classical economics. His seminal work, 'An Inquiry into the Nature and Causes of the Wealth of Nations' (1776), often simply referred to as 'The Wealth of Nations,' advocates for free market economics and presents his theory of the invisible hand, which suggests that an individual's self-interest tends to promote the good of the community. Smith's treatise is widely considered the first modern work of economics and remains a core text in the study of economic theory. As a key proponent of the Scottish Enlightenment, Smith's literary style combined empirical observation with clear, logical argumentation, which was aimed at understanding the nature of wealth creation and the principles that contribute to the prosperity of nations. Prior to 'The Wealth of Nations,' Smith authored 'The Theory of Moral Sentiments' (1759), where he explored the ethical underpinnings of human behavior. His work in this treatise set the stage for his later economic theories by emphasizing the role of sympathy in human interactions. Smith's legacy endures primarily through his comprehensive analysis of how economies function and the mechanisms by which wealth is produced and distributed, thereby influencing generations of economists, philosophers, and policy-makers.