Name: Inquiry Into the Nature & Causes of the Wealth of Nations, Volume 1 (Glasgow Edition of the Works and Correspondence of Adam Smith)
Price: 13.91 EUR
Availability: InStock
Author: Adam Smith
ISBN: 9780865970069

portada Inquiry Into the Nature & Causes of the Wealth of Nations, Volume 1 (Glasgow Edition of the Works and Correspondence of Adam Smith)

Inquiry Into the Nature & Causes of the Wealth of Nations, Volume 1 (Glasgow Edition of the Works and Correspondence of Adam Smith)

Type

Physical Book

Author

Adam Smith

Illustrated by

R. H. Campbell

Publisher

Liberty Fund

Year

1982

Language

English

Pages

550

Format

Paperback

Dimensions

22.9 x 15.2 x 4.1 cm

Weight

1.00 kg.

ISBN

9780865970069

ISBN13

9780865970069

Edition No.

Synopsis "Inquiry Into the Nature & Causes of the Wealth of Nations, Volume 1 (Glasgow Edition of the Works and Correspondence of Adam Smith) "

First published in 1776, the year in which the American Revolution officially began, Smith's Wealth of Nations sparked a revolution of its own. In it Smith analyzes the major elements of political economy, from market pricing and the division of labor to monetary, tax, trade, and other government policies that affect economic behavior. Throughout he offers seminal arguments for free trade, free markets, and limited government. Criticizing mercantilists who sought to use the state to increase their nations' supply of precious metals, Smith points out that a nation's wealth should be measured by the well-being of its people. Prosperity in turn requires voluntary exchange of goods in a peaceful, well-ordered market. How to establish and maintain such markets? For Smith the answer lay in man's social instincts, which government may encourage by upholding social standards of decency, honesty, and virtue, but which government undermines when it unduly interferes with the intrinsically private functions of production and exchange.

Adam Smith

(Author)

View Author's Page

Adam Smith (1723-1790) was a Scottish economist and philosopher, considered the father of modern economics. His work falls within the essay and economic philosophy, highlighting his analysis of the free market and the division of labor. He studied at the University of Glasgow and Oxford, developing ideas that would influence economic liberalism.

Among his main works is An Inquiry into the Nature and Causes of the Wealth of Nations (1776), known as The Wealth of Nations, a fundamental treatise in classical economics. He also wrote The Theory of Moral Sentiments (1759), where he explores ethics and human sympathy. His legacy remains fundamental in current economic and political thought.

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