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 Introduction 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.” Introduction by Robert Reich • Commentary by R. H. Campbell and A. S. Skinner • Includes a Modern Library Reading Group Guide
This edition contains an analytical introduction offering an in-depth discussion of Smith as an economist and social scientist, as well as a preface, further reading and explanatory notes by Andrew Skinner.
A tour of modern economics as reflected by Paul Romer's new growth theory describes Adam Smith's presentation of a challenging economic puzzle more than two hundred years ago, various efforts and tools that were applied to its solution, and ...
The causes of this improvement in the productive powers of labour, and the order according to which its produce is naturally distributed among the different ranks and conditions of men in the society, make the subject of the first book of ...
In addressing the nature and causes of the wealth of nations, Adam Smith made one of the most potent contributions to subsequent ideological history.
An Inquiry into the Nature and Causes of the Wealth of Nations vol. 2: Large PrintBy Adam Smith An account of economics at the dawn of the Industrial Revolution, as well as a rhetorical piece written for the generally educated individual of ...
The original edition totaled over nine hundred pages in two volumes—including the blockbuster sixty-seven-page “Digression concerning the Variations in the Value of Silver during the Course of the Four last Centuries,” which, to those ...
Smith has explicitly elucidated upon the political economy of that era. This is considered one of the first works that analyzes the free market policies and its effects.
Smith explores such broad topics as the division of labour, productivity, and free markets.
The book presents estimates of total wealth for nearly 120 countries, using economic theory to decompose the wealth of a nation into its component pieces: produced capital, natural resources and human resources.
This book follows the development of capitalism from the Middle Ages through the industrial revolution to the modern day, casting new light on the areas where premodern political economies of growth and development made a difference.