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9780548852798

An Inquiry Into The Nature And Causes Of The Wealth Of Nations

by
  • ISBN13:

    9780548852798

  • ISBN10:

    0548852790

  • Edition: Reprint
  • Format: Paperback
  • Copyright: 2008-02-28
  • Publisher: Kessinger Pub

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Summary

Adam Smith revolutionized economic theory with his 1776 work An Inquiry to the Nature and Causes of the Wealth of Nations. He proposed rules governing labor, supply, and demand; and describes division of labor, stockpiling of wealth, lending, and interest. Smith also discusses how economies lead to opulence. Wealth of Nations also offers a defense for free-market capitalism. Any student of economics should be familiar with the concepts and laws that Smith developed, as much of economic theory is still based upon his work. Volume I of this two-volume set contains Book I, Book II, and Book III of the original manuscript. Scottish economist and philosopher ADAM SMITH (1723-1790) helped set standards in the fields of political economics and moral philosophy, playing a key role in the early development of the scholarship of economics. His other writings include Essays on Philosophical Subjects.

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