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An Inquiry into the Nature and Causes of the Wealth of Nations (The Glasgow Edition of the Works & Correspondence of Adam Smith) Vol. 1 & 2
An Inquiry into the Nature and Causes of the Wealth of Nations (The Glasgow Edition of the Works & Correspondence of Adam Smith) Vol. 1 & 2 by Adam Smith 0865970084 9780865970083
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An Inquiry into the Nature and Causes of the Wealth of Nations (The Glasgow Edition of the Works & Correspondence of Adam Smith) Vol. 1 & 2 by Adam Smith

First published in 1776, the year in which the American Revolution officially began, Smiths 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 nations 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 mans 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.

Author: Adam Smith

Language: English

Edition: New Edition

Binding: Paperback

Pages: 1094

Publisher: Liberty Fund, Inc.

Publication Date: 1982-02-28

Our Price: $10.72

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ISBN: 0865970084


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Adam Smith (Edition: New Edition) Paperback


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