The Wealth of Nations Mass Market Paperback – Mar 4 2003
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"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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Top Customer Reviews
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."
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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- 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.Read more ›
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!
Most recent customer reviews
i already have a Chinese version. To compare their difference, i got an English one.Published 5 months ago by Amazon Customer
The book was physically small, I'm going to need a magnifying glass to read this thing!!Published 5 months ago by Dustin
I appreciate that for most readers, Adam Smith's Wealth of Nations is going to be a deadly dull read, although I think this is a pity. Read morePublished on June 23 2004 by J. Carruthers
Needs to be revised and the title changed to "The Wealth Of Global Corporations", hence 4 stars instead of 5. Read morePublished on Feb. 15 2004 by Areader
Adam Smith is considered a founding father of economic theory.
In the Wealth of Nations, he laid a foundation for the free market while at the same time explaining some of the... Read more
To be an economist without having read "The Wealth of Nations" is like being a priest without having read the Bible. Read morePublished on Aug. 27 2003 by N. Tsafos
Some books have entered so deeply into our culture that they affect the way we think whether or not we have read them. The Wealth of Nations is certainly one of these books. Read morePublished on July 4 2003 by Jonathan W. Robie
This book is the seed of modern understandings of economics and therefore the key to unlocking the uncertainties of 18th century economic life to the degree that the world has... Read morePublished on May 17 2003
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