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The Wealth of Nations: Books I-III

The Wealth of Nations: Books I-III Paperback - 1982

by Smith, Adam

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Details

  • Title The Wealth of Nations: Books I-III
  • Author Smith, Adam
  • Binding Paperback
  • Edition [ Edition: Repri
  • Condition Used - Very Good
  • Pages 570
  • Volumes 1
  • Language ENG
  • Publisher Penguin Group, London
  • Date 1982-03-25
  • Features Bibliography, Index, Table of Contents
  • Bookseller's Inventory # GOR001244721
  • ISBN 9780140432084 / 0140432086
  • Weight 0.85 lbs (0.39 kg)
  • Dimensions 7.76 x 5.07 x 0.99 in (19.71 x 12.88 x 2.51 cm)
  • Ages 18 to UP years
  • Grade levels 13 - UP
  • Reading level 1500
  • Themes
    • Chronological Period: 18th Century
  • Library of Congress subjects Economics
  • Dewey Decimal Code 330.09

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Summary

‘It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard to their own interest’

With this landmark treatise on political economy, Adam Smith paved the way for modern capitalism, arguing that a truly free market – fired by competition yet guided as if by an ‘invisible hand’ to ensure justice and equality  – was the engine of a fair and productive society. Books I–III of the Wealth of Nationsexamine the ‘division of labour’ as the key to economic growth, by ensuring the interdependence of individuals within society. They also cover the origins of money, the importance of wages, profit, rent and stocks. Smith’s work laid the foundations of economic theory in general and ‘classical’ economics in particular, but the real sophistication of his analysis derives from the fact that it also encompasses a combination of ethics, philosophy and history to create a vast panorama of society.

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.

The Wealth of Nations Books IV-V are also published in Penguin Classics.

Media reviews

Citations

  • New Yorker (The), 10/18/2010, Page 82

About the author

Adam Smith (1723-90) was born in Glasgow and educated at Glasgow and Oxford. Two years after his return to Scotland, Smith moved to Edinburgh, where he delivered lectures on Rhetoric. In 1751 Smith was appointed Professor of Logic at Glasgow, but was translated to chair of Moral Philosophy in 1752. His The Theory of Moral Sentiments was published in 1759 and The Wealth of Nations in 1776, the same year as the Declaration of Indpendence.

Andrew Skinner teaches at the Adam Smith Institute and is an expert on the author's work.