The Wealth Of Nations

The Wealth Of Nations

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Overview

The Wealth of Nations is a clearly written account of economics at the dawn of the Industrial Revolution. The work was a landmark work in the history and economics as it was comprehensive and an accurate characterization of the economic mechanisms at work in modern economics. Smith believed in a Meritocracy. Smith emphasized the advancement that one could take based on their will to better themselves. This is simply one of the most important books ever written on the subject of economics. All five books are included here.

Product Details

ISBN-13: 9781680920963
Publisher: 12th Media Services
Publication date: 01/18/2018
Pages: 530
Sales rank: 147,513
Product dimensions: 6.14(w) x 9.21(h) x 1.31(d)

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The Wealth of Nations 4.1 out of 5 based on 0 ratings. 31 reviews.
Uchtraeda More than 1 year ago
To sell an abridged edition without stating that is in fact abridged is, simply, fraud. I would like to read, and make up my own mind about as well as learn from, ALL of what Adam Smith wrote.
Anonymous More than 1 year ago
ABRIDGED
Guest More than 1 year ago
Nobody seriously involved in economics can do without this exhaustive work, originally published in five volumes as An Inquiry into the Nature and Causes of the Wealth of Nations. This classic is a pragmatic and accessible milestone in the history of economics. Its author, Adam Smith, is woven into every economics textbook. However, Smith¿s theories, which today often are recounted mostly in fragments, frequently incorrectly, reveal their entire social and economic innovative power only in context. Smith burst onto the scene at a time when absolutist national states monopolized the world's precious metal reserves and tried to increase their own wealth through stringent export policies. These states were motivated by an entirely new concept about national wealth: that it stemmed from the work of the country's people, not from gold. Based on that idea, economic markets should balance themselves as if guided by an 'invisible hand,' impelled by each individual's self-interest. The state has to provide only an orderly framework and specific public goods and services. Even though Smith's image of idealized economic and social harmony may have developed a few cracks over the course of time, his ideas have inspired many well-known economists during the past 250 years, including David Ricardo, Vilfredo Pareto, Friedrich August von Hayek and Milton Friedman. We highly recommend this seminal work.
Guest More than 1 year ago
Written by Adam Smith who was the founding father of capitalism. This book was the the historical book that changed the views of many people. This book is highly regarded in the economics community. I reccomend it for anyone who is interested in econ or capitalism. A must read for any thinkers.
jpsnow on LibraryThing More than 1 year ago
Actually, the full title is An Inquiry into the Nature and Causes of the Wealth of Nations -- perhaps the longest reading everyone should finish. Every basic economic concept is directly addressed or at least touched upon by this work. However, most of the text involves an endless series of examples using commodities, prices, and laws from the 18th century. Adam Smith covers division of labor early on (it's worth noting that his famous pin factory is brought up within the first 20 pages) and moves through international trade, taxation, public goods, and politics of that time. As this was published in 1776, it is most interesting to note his discussion of the recent "disturbances" in the colonies. Towards the end of the 900 pages he further encourages that the Irish and American people should be willing to pay more in taxes. In discussing wage prices, his discourse about the payment of soldiers and sailors was quite interesting. Both take the position for the non-pecuniary benefit of a slight chance for a large payback in glory, with the soldier getting a greater chance but not facing the competition a sailor's place has in light of the large merchant trade. Smith's discussion of laws and business special interest groups shows that not that much has changed. For example, the wool lobby had such laws prohibiting export of unprocessed wool, prohibiting transport within certain miles of certain coasts, prohibiting transport in darkness, and requiring containment only in leather or cloth bags with "WOOL" written on the outside in letters at least 3 inches wide. Other concepts covered: money, rent, profits, economic efficiency (the invisible hand), education, roads, efficient taxation, examples involving trade restrictions, special interest groups, and factors affecting price supply, and demand.
DaedelusPrime More than 1 year ago
All you need to know.
reACTIONary More than 1 year ago
This is reprint's Edwin Cannan's extensively annotated 1904 scholarly edition. This is the edition reprinted by the University of Chicago Press in 1976 for the 200th anniversary of its original publication. You can be assured that this is the most widely accepted, standard academic edition. It does not contain Cannan's Introduction or Index. It does contain his Notes and Marginal Summary. Obviously it does not have the George J. Stigler's Preface from the UofC edition, but it contains an introduction by Robert Reich, commentary by R. H. Campbell and A. S. Skinner and a Modern Library "Reading Group Guide". Having looked over all of the edition's on the B&N site, I recommend this one as superior to the others, even if more expensive.
RolfDobelli More than 1 year ago
getAbstract believes that no serious economist can do without this exhaustive work, originally published in five volumes as An Inquiry into the Nature and Causes of the Wealth of Nations. This classic is a pragmatic and accessible milestone in the history of economics. Its author, Adam Smith, is woven into every economics textbook. However, Smith's theories, which today often are recounted mostly in fragments, frequently incorrectly, reveal their entire social and economic innovative power only in context. Smith burst onto the scene at a time when absolutist national states monopolized the world's precious metal reserves and tried to increase their own wealth through stringent export policies. These states were motivated by an entirely new concept about national wealth: that it stemmed from the work of the country's people, not from gold. Based on that idea, economic markets should balance themselves as if guided by an "invisible hand," impelled by each individual's self-interest. The state has to provide only an orderly framework and specific public goods and services. Even though Smith's image of idealized economic and social harmony may have developed a few cracks over the course of time, his ideas have inspired many well-known economists during the past 250 years, including David Ricardo, Vilfredo Pareto and Milton Friedman.
Guest More than 1 year ago
This is a great unabridged version of the great (and first) economics classic, with rather nice paper, and a nice typeface, includes a chronology of Adam Smith's life, and also has a built in bookmark (the ribbon type) which is handy. However, either due to the age (14 yrs old, published in '91) or lack of quality, all the black parts (which are made of some sort of ink) on the book, get rubbed off after a while. That's the only reason I gave it only four stars, as it tends to look a little tacky, with big patches missing from the book label. However, if you don't mind that, this is an excellent edition.
beau.p.laurence on LibraryThing More than 1 year ago
mine is hardcover 1937 Random House edition; don't talk about economics if you haven't read this -- know thy enemy!
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Regent More than 1 year ago
Very Informative. Insights proved to be accurate over time. This book helped me to form better conclusions and analysis of cultures for one of my books.
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Extremely tedious, laborious reading with somewhat outdated vernacular, but a must-read for those interested in the history of economic theory.
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