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The Wealth of Nations Mass Market Paperback – Mar 4 2003

4.3 out of 5 stars 43 customer reviews

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Product Details

  • Mass Market Paperback: 1264 pages
  • Publisher: Bantam Classics; annotated edition edition (March 4 2003)
  • Language: English
  • ISBN-10: 0553585975
  • ISBN-13: 978-0553585971
  • Product Dimensions: 10.7 x 5.2 x 17.6 cm
  • Shipping Weight: 581 g
  • Average Customer Review: 4.3 out of 5 stars 43 customer reviews
  • Amazon Bestsellers Rank: #8,283 in Books (See Top 100 in Books)
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Product Description

Review

"Adam Smith's enormous authority resides, in the end, in the same property that we discover in Marx: not in any ideology, but in an effort to see to the bottom of things."
--Robert L. Heilbroner

From the Inside Flap

The Wealth of Nations
by Adam Smith
It is symbolic that Adam Smith's masterpiece of economic analysis, The Wealth of Nations, was first published in 1776, the same year as the "Declaration of Independence.
In his book, Smith fervently extolled the simple yet enlightened notion that individuals are fully capable of setting and regulating prices for their own goods and services. He argued passionately in favor of free trade, yet stood up for the little guy. The Wealth of Nations provided the first--and still the most eloquent--integrated description of the workings of a market economy.
The result of Smith's efforts is a witty, highly readable work of genius filled with prescient theories that form the basis of a thriving capitalist system. This unabridged edition offers the modern reader a fresh look at a timeless and seminal work that revolutionized the way governments and individuals view the creation and dispersion of wealth--and that continues to influence our economy right up to the present day.

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By A Customer on June 19 2002
Format: Paperback
I have no criticism with Adam Smith's "Wealth of Nations." My criticism is with the Great Minds Series edition of the book. The Great Minds Series is an abridged version. Huge chunks have been edited out of the book, yet nowhere do they let you know this before making the purchase. I bought this book specifically because I wanted to cite it, and I can't because the parts I wanted to quote have been edited out.
Adam Smith's "Wealth of Nations" is a worthy book for any private library, but purchase an edition other than the one offered by the so-called "Great Minds Series."
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Format: Mass Market Paperback Verified Purchase
This great textbook on economics is a must-read for every student of economics. It seems to me that because life is never easy even in a capitalist free-market economy, a certain number of people may think that socialism -- with its socialist freebies -- is a better option. However, before we really rush down the socialist path, we need to ask ourselves how wealth, along with the freebies, can be created in the first place. Well, if one finds this question difficult to answer, no problem. Just read "The Wealth of Nations" by Adam Smith, as it has all the answers one needs -- that is, if one has the patience to read it through. -- Yours truly, Robert M. Liu (author of "The Socialist Cuckooland", a political thriller on Orwellian conditions)
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Format: Paperback
I was origionally reading the text version of this book on the internet until the printed version came. I was downtroden, sickened, and even frightened to find that the Great Minds Series version of The Wealth of Nations is incomplete, yet gives no indication whatsoever of being so.
The introduction and chapters 2, 3, and 4 of book 3 are simply not there. They are not even listed in the table of contents. There is no discrepency in the page numbers, or any other teletale indication that it is incomplete. It is not written anywhere that it is an abrigement.
I want to point out how careless it is and how misleading to the reader in comprehending the philosophy of Adam Smith to print an incomplete book without any warning.
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Format: Mass Market Paperback
Anybody who wants to acquire the knowledge of economics, this is a must read book. It will show you why some nations are richer than others and what makes a state fail or succeed. For the love of economics, I am starting reading it over again.

You might also be interested in Entrepreneurship Philosophia: Love of Business Wisdom
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Format: Paperback
For a third world citizen, like me, this book seems to be written a couple years ago. Their topics are present in the political agenda of our governments right today, and after all other reviewers have written, better than I would do so, i should add four key points:
- With no proper political institutions there is no possibility of creating wealth (it reminds me sad examples from today...Argentina?). Smith thinks it is very important having economic liberties, besides independent magistrates, and a national state committed to enforce the contracts privates sign up to make transactions when some party doesn't want to comply them.
- Under the right framework of political institutions is posible to have private interests and public interest converging on the same "bargain zone". Under Smith's point of view is the mercantilism, as a policy of state, policy that picks up the winners since the desk of politicians instead of from the shops of every-day industry and parsimony of workers and entrepreuners what creates the conflict (even though he makes some exceptions, like the Navigation Act, but he regards the need of this monopoly of english navy by national security reasons only).
- After the short-run adjustments, the income distribution matters, that are so important for politicians, should be resolved by the market and the entrepreuners whom, by searching opportunities to make more profits, will make converging the prices of land, labour and goods.
- The accumulation of capital is the process that lowers interest rates, expands the supply of loans and suports higher degrees of division of labour in the economy. This process should let people have cheaper goods along the time and improve the wages of workers.
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Format: Hardcover
Talk about revisionist history! Adam Smith deeply suspicious of capitalism--a closet socialist? I don't think so!
Smith argues that even the darker impulses of the human mind generate benefit in a free society. If you want to get rich in a free society, the only way to do it is to come up with something incredibly useful to humankind.
Smith wasn't distrustful of capitalism--he was distrustful of statism and merchantalism, of government handouts and bureaucrats who know best. That was the order of the day in Smith's time. The government regulations for the French textile industry between 1666 and 1730 took up 2,000 pages.
*That's* what Smith was distrustful of, not capitalism!
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Format: Paperback
I really wonder how many people have ever read this book--especially those who deal with economic issues (say Congress or the President). Of course, some of the ideas have become dated because the world of 2004 isn't the world of 1776. However, what's amazing is what has held. So much of this book is still basic economic theory. Plus, its not as if Smith had predecessors who he could follow. Smith is one of those people who will still be remember in 2500 or 3000 and deservedly so.
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