The wealth of nations
the economics classic : a selected edition for the contemporary reader
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Word Count
91,000 words, Guess
Page Count
364 pages
Identifiers
- Internet Archivewealthofnationst00adam
- ISBN-100857080776
- ISBN-139780857080776
- OCLC Control Number657028948
- Better World Books9780857080776
and 1 more
- Open LibraryOL26343720M
Classifications
- DDC330.153
- LCCHB161 .S65 2010
- LCCHB161
Alternate Titles
- An inquiry into the nature and causes of the wealth of nations.
Description
Political economy had been studied long before Adam Smith. But Wealth of Nations (1776) established it for the first time as a separate science. Smith based his arguments on vast historical knowledge, and developed his principles with remarkable clarity. What set this work apart was its statement of the doctrine of natural liberty. Smith believed that 'man's self-interest is God's providence' - that if government abstained from interfering with free competition, the invisible hand of capitalism would emerge from the competing claims of individual self-interest. Industrial problems would be resolved and maximum efficiency reached. After more than two centuries, Smith's work still stands as the best statement and defence of the fundamental principles of capitalism.
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