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The classic economic treatise that insipired Thomas Piketty's Capital in the Twenty-First Century The publication of The Wealth of Nations in 1776 coincided with America's Declaration of Independence, and with this landmark treatise on political economy, Adam Smith paved the way for modern capitalism, arguing that a truly free market - fired by competition yet guided as if by an 'invisible hand' to ensure justice and equality - was the engine of a fair and productive society. Books I - III of The Wealth of Nations examine the 'division of labour' as the key to economic growth, by ensuring the interdependence of individuals within society. They also cover the origins of money and the importance of wages, profit, rent and stocks, but the real sophistication of his analysis derives from the fact that it encompasses a combination of ethics, philosophy and history to create a vast panorama of society. This edition contains an analytical introduction offering an in-depth discussion of Smith as an economist and social scientist, as well as a preface, further reading and explanatory notes by Andrew Skinner. For more than seventy years, Penguin has been the leading publisher of classic literature in the English-speaking world. With more than 1,700 titles, Penguin Classics represents a global bookshelf of the best works throughout history and across genres and disciplines. Readers trust the series to provide authoritative texts and notes by distinguished scholars and contemporary authors, as well as up-to-date translations by award-winning translators.
This thoughtful new abridgment is enriched by the brilliant commentary which accompanies it. In it, Laurence Dickey argues that the Wealth of Nations contains--and conceals--a great deal of how Smith actually thought a commercial society works. Guided by his conviction that the so-called Adam Smith Problem--the relationship between ethics and economics in Smith's thinking--is a core element in the argument of the work itself, Dickey's commentary focuses on the devices Smith uses to ground his economics in broadly ethical and social categories. An unparalleled guide to an often difficult and perplexing work.
Adam Smith’s masterpiece, first published in 1776, 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.” Introduction by Robert Reich • Commentary by R. H. Campbell and A. S. Skinner • Includes a Modern Library Reading Group Guide
This edition contains generous selections from all five volumes of The Wealth of Nations, and places Smith's inquiry into its historical, intellectual, and cultural context.
"Michael J. Chan argues, on a methodological level, for the deeper integration of iconographic materials into the task of tradition history-a method that has tended to focus on textual evidence alone. Following the work of O.H. Steck, however, 'tradition' is understood in more flexible terms, to refer to inherited concepts and constellations, which can exist across multiple media. The author undertakes a tradition-historical study of the 'Wealth of Nations Tradition' - a series of texts in which the foreign nations of the earth bring their wealth to Zion (1 Kgs 10:1-10, 13, 15//2 Chr 9:1-9, 12, 14; 1 Kgs 10:23-25//2 Chr 9:22-24; Pss 68:19, 29-32; 72:10-11; 76:12; 96:7-8//1 Chr 16:28-29; Isa 18:7; 45:14; 60:4-17; 61:5-6; 66:12; Zeph 3:10; 2 Chr 32:23). The Wealth of Nations tradition is found throughout the ancient Near East. Michael J. Chan shows that in some cases, the biblical texts reflect this tradition with little to no modification while in others the tradition is recast in creative and disruptive ways"--
THE MOST INFLUENTIAL BOOK ON MODERN ECONOMICS The Wealth of Nations is an economics book like no other. First published in 1776, Adam Smith's groundbreaking theories provide a recipe for national prosperity that has not been bettered since. It assumes no prior knowledge of its subject, and over 200 years on, still provides valuable lessons on the fundamentals of economics. This keepsake edition is a selected abridgement of all five books, and includes an Introduction by Tom Butler-Bowdon, drawing out lessons for the contemporary reader, a Foreword from Eamonn Butler, Director of the Adam Smith Institute, and a Preface from Dr. Razeen Sally of the London School of Economics.
The history of nations is a history of haves and have-nots, and as we approach the millennium, the gap between rich and poor countries is widening. In this engrossing and important new work, eminent historian David Landes explores the complex, fascinating and often startling causes of the wealth and poverty of nations. The answers are found not only in the large forces at work in economies: geography, religion, the broad swings of politics, but also in the small surprising details. In Europe, the invention of spectacles doubled the working life of skilled craftsmen, and played a prominent role in the creation of articulated machines, and in China, the failure to adopt the clock fundamentally hindered economic development. The relief of poverty is vital to the survival of us all. As David Landes brilliantly shows, the key to future success lies in understanding the lessons the past has to teach us - lessons uniquely imparted in this groundbreaking and vital book which exemplifies narrative history at its best.
This book has found out the reasons as to why the "wealth of nations" differ from each other? Why the GDP per capita of Canada, and the U.S. were $43,248.5 and $56,115.7 respectively in 2015, whereas Mexico was languishing at $9,005, despite sharing common borders? Why is the per capita of Malawi not identical to Luxembourg or USA? Why the mountains of macro and micro economic studies failed to grow the economy up to expectation? Have the theories of capitalism and communism dissipated into thin air? Should the world think about an alternative option or formula for a better economy? "Remaking the Wealth of the Nations" has carried out extensive research on different economies, economic theories, ideas, and found out the common causes of economic successes and failures of the economies. Finally, this book has given out appropriate solution through clearly defining and explaining a new formula of "Artificial Productivity" to help the economists, leaders, and policy makers to remake the economies.