The Wealth of Nations

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Editorial page editor Thomas G. Donlan receives e-mail at tg. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at or visit www. We've detected you are on Internet Explorer. For the best Barrons. Text size. Divisions of Labor and Money Investment and extensive markets were necessary to unlock the wealth-generating power of that labor force.

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Amplifying Capital for Investment But how could there be enough investment capital to finance employment and growth of farms and factories in traditionally poor societies with limited savings? Thank you This article has been sent to.


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The Wealth of Nations

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Want to Read Currently Reading Read. Other editions. Enlarge cover. Error rating book. Refresh and try again. Open Preview See a Problem? Details if other :. Thanks for telling us about the problem. Return to Book Page. Adam Smith's masterpiece, first published in , is the foundation of modern economic thought and remains the single most important account of the rise of, and the principles behind, modern capitalism. Written in clear and incisive prose, The Wealth of Nations articulates the concepts indispensable to an understanding of contemporary society; and Robert Reich's Introduct Adam Smith's masterpiece, first published in , is the foundation of modern economic thought and remains the single most important account of the rise of, and the principles behind, modern capitalism.

Written in clear and incisive prose, The Wealth of Nations articulates the concepts indispensable to an understanding of contemporary society; and Robert Reich's Introduction both clarifies Smith's analyses and illuminates his overall relevance to the world in which we live. As Reich writes, "Smith's mind ranged over issues as fresh and topical today as they were in the late eighteenth century--jobs, wages, politics, government, trade, education, business, and ethics.

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Campbell and A. Get A Copy. Leather Bound , pages. Published March 4th by Arlington House first published More Details Original Title. Other Editions Friend Reviews.

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To see what your friends thought of this book, please sign up. What kind of wealth was meant in the Adam Smith,book?! Spencer Gray The book that gave birth to classic economics. Whether you're for or against capitalism you can't discount this in depth look at one of the most …more The book that gave birth to classic economics. Whether you're for or against capitalism you can't discount this in depth look at one of the most influential economic theories of all time.

This book rivals Das Capital in influence and stands the test of time as it remains more relevant than Marxist theory to modern economics. Lists with This Book. Community Reviews. Showing Rating details. More filters. Sort order. Sometimes I feel so very goddamned embarrassed by my lack of higher education. There are just too many of the foundational works of Western civilization that I am only getting around to now, in my early forties—and even with the padding of years, I feel depressingly unprepared heading into them.

So much fucking time wasted doing shit, when I could have been reading Smith is smooth, like a nice rye whisky. Right off the bat, this artful Adam opens with a remark about the productive powers of la Sometimes I feel so very goddamned embarrassed by my lack of higher education. Right off the bat, this artful Adam opens with a remark about the productive powers of labour , and only my recently ingrained terror of page books prevented me from levering it up to Position Number One.

I have the unabridged edition, which other reviews seem to warn means being exposed to more discussion of English corn than could ever be warranted, even by the most patient and diligent of readers. But, what the hey, that's the camp I'm joining! I plan to have a swimming time, me and Adam, cruising through silver and gold pricing of bountiful British harvests.

The Wealth of Nations by Adam Smith Audiobook

Hooray for the Invisible Hand! If you look carefully at the cover of the handsome edition that I possess, you'll see that incorporeal extremity craftily incorporated into the pleasingly attractive rural design. View all 42 comments. Apr 17, Scott rated it it was amazing Shelves: economics. Even if you've heard the explanation of the "invisible hand" a thousand times, there is something magical about reading the actual words by the father himself: "It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.

We address ourselves, not to their humanity but to their self-love, and never talk to them of our own necessities but of their advantages. Nor is it always the worse for the society that it was no part of it.


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By pursuing his own interest he frequently promotes that of society more effectually than when he really intends to promote it. View all 7 comments.

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First published in , the book offers one of the world's first collected descriptions of what builds nations' wealth, and is today a fundamental work in classical economics. By reflecting upon the economics at the beginning of the Industrial Revolution, the book touches upon such broad topics as the division of labour, productivity, and free markets.

Apr 19, Richard Fulgham rated it did not like it Recommends it for: swine, hyenas and robber barons. In fact, greed is one of the Seven Deadly Sins in Christian theology.


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All these religions say greed is wrong. All these religions say you should not gather wealth at the expense of your neighbors. But this man Adam Smith says it is OK to do whatever is necessary to obtain wealth. Adam Smith says it is a good thing to allow your instinct toward selfishness to rule your life. He calls it Capitalism.

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And it works for a century or so before the robbed and disenfranchised revolt and kill off the greedy ones who rule society to their benefit. Greed is the basis and essence of Capitalism, especially US Capitalism, in which every individual is guaranteed the "right to pursue happiness". Has anyone EVER questioned that? Why is more important to be happy than to know where you fit into the Grand Scheme? Why is more important to make money than to find and free your spirit?

Look at any wealthy person who gained his or her wealth through competiton -do they have a healthy or unhealthy spirit? In turning greed to virtue, Adam Smith has created an economic system that more accurately has been called "Social Darwinism". In other words, according to Smith, it is perfectly natural for the meanest, strongest, most clever individuals to gobble up so much capital that the great majority of people are left with crumbs.

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