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Political economy had been studied long before Adam Smith. But Wealth of Nations (1776) established it for the first time as a separate science. Smith based his arguments on vast historical knowledge, and developed his principles with remarkable clarity. What set this work apart was its statement of the doctrine of natural liberty. Smith believed that "man's self-interest is God's providence" - that if government abstained from interfering with free competition, the invisible hand of capitalism would emerge from the competing claims of individual self-interest. Industrial problems would be resolved and maximum efficiency reached. After more than two centuries, Smith's work still stands as the best statement and defense of the fundamental principles of capitalism.
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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 new Introduction for this edition 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."From the Back Cover:
"Adam Smith's enormous authority resides, in the end, in the same property that we discover in Marx: not in any ideology, but in an effort to see to the bottom of things."
--Robert L. Heilbroner
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Book Description Prometheus Books, 1991. Paperback. Condition: New. BRAND NEW COPY, Perfect Shape, No Black Remainder Mark,Fast Shipping With Online Tracking, International Orders shipped Global Priority Air Mail, All orders handled with care and shipped promptly in secure packaging, we ship Mon-Sat and send shipment confirmation emails. Our customer service is friendly, we answer emails fast, accept returns and work hard to deliver 100% Customer Satisfaction!. Seller Inventory # 9013528
Book Description 1991. PAP. Condition: New. New Book. Shipped from US within 10 to 14 business days. Established seller since 2000. Seller Inventory # VR-9780879757052
Book Description Penguin Random House. Condition: New. Brand New. Seller Inventory # 0879757051
Book Description 1991. PAP. Condition: New. New Book.Shipped from US within 10 to 14 business days. Established seller since 2000. Seller Inventory # IB-9780879757052
Book Description Prometheus Books, 1991. Condition: New. book. Seller Inventory # M0879757051
Book Description Prometheus Books. PAPERBACK. Condition: New. 0879757051 *BRAND NEW* Ships Same Day or Next!. Seller Inventory # SWATI2132250004
Book Description Prometheus Books. PAPERBACK. Condition: New. 0879757051. Seller Inventory # Z0879757051ZN
Book Description Prometheus Books 12/1/1991, 1991. Paperback or Softback. Condition: New. Wealth of Nations. Book. Seller Inventory # BBS-9780879757052
Book Description Prometheus Books, 1991. Paperback. Condition: New. Never used!. Seller Inventory # 0879757051
Book Description Prometheus Books, United States, 1991. Paperback. Condition: New. Revised ed.. Language: English . Brand New Book. But, as Andrew Skinner reveals in his introduction to this edition, the real sophistication of The Wealth of Nations lies less in individual areas of economic analysis than in its overall picture of a vast analytical system--a capitalist economy--in which all the parts can be seen simultaneously interacting with each other. In addition, Smith s view of society was not merely an economic one. The Wealth of Nations is far from being an apologia for unregulated business enterprise: Smith was at pains to point out that economic advance can have undesirable social consequences, and that labour which is economically unproductive can be beneficial to society at large. Seller Inventory # AAS9780879757052