A Complete Analysis, or Abridgement, of Dr. Adam Smith's Inquiry Into the Nature and Causes of the Wealth of Nations (Classic Reprint) - Softcover
Synopsis
Excerpt from A Complete Analysis, or Abridgement, of Dr. Adam Smith's Inquiry Into the Nature and Causes of the Wealth of Nations
Example. A person unacquainted with the 'busi ness of pin making, could scarcely make a single pin a day but by dividing the business into various branches, which are now distinct trades, each per son may be considered as making 4800 pins in a day. P. 7. 8.
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About the Author
Adam Smith was born in a small village in Kirkcaldy, Scotland in 1723. He entered the University of Glasgow at age fourteen, and later attended Balliol College at Oxford. After lecturing for a period, he held several teaching positions at Glasgow University. His greatest achievement was writing The Wealth of Nations (1776), a five-book series that sought to expose the true causes of prosperity, and installed him as the father of contemporary economic thought. He died in Edinburgh on July 19, 1790.
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A Complete Analysis, or Abridgement, of Dr (Classic Reprint)
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Paperback. Condition: New. Print on Demand. This book provides a groundbreaking analysis of the factors that influence the distribution of wealth in society, specifically focusing on the role of division of labor and its impact on the productive power of labor. The author argues that the division of labor is one of the main drivers of economic progress, enabling individuals to specialize in specific tasks and thereby increase their productivity. This increase in productivity leads to greater output and a lower cost of production, ultimately benefiting consumers and society as a whole. The book also explores the concept of the "natural" and "market" price of goods, and how the interaction between these prices determines the distribution of wealth. The author challenges traditional views on the role of labor in the economy, arguing that the value of labor is not simply determined by the cost of production but rather by the utility it provides to society. This book is essential reading for anyone interested in understanding the complexities of wealth distribution and the role of labor in economic growth. Its insights into the relationship between labor, productivity, and wealth provide a valuable framework for analyzing and addressing economic inequality. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Seller Inventory # 9781330636091_0
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A Complete Analysis, or Abridgement, of Dr. Adam Smith's Inquiry Into the Nature and Causes of the Wealth of Nations (Classic Reprint)
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