The Wealth of Nations: Adam Smith's Landmark Treatise on Markets and Trade - Hardcover

Smith, Adam

Hardcover

ISBN 10: 1515434567 ISBN 13: 9781515434566

Publisher: Wilder Publications, 2018

Synopsis

The Wealth of Nations by Adam Smith stands as one of the foundational works of modern economics and political economy.

In this influential treatise, Smith examines the nature of economic activity, the sources of national prosperity, and the principles governing markets, labour, and trade. Drawing upon examples from Britain and across Europe, he explores how the division of labour increases productivity, how markets coordinate economic activity, and how systems of commerce shape the wealth and stability of nations.

Across its five books, Smith addresses the organisation of productive labour, the accumulation of capital, the role of government in economic life, and the policies that promote or hinder national prosperity. His arguments challenged prevailing mercantilist doctrines of the eighteenth century, advocating instead for a system in which economic exchange operates largely through voluntary cooperation and open competition.

The Wealth of Nations remains a central text in the history of economic thought. Its analysis of markets, incentives, and economic institutions continues to influence discussions of political economy, public policy, and the organisation of modern commercial society.

About this title

About the Author

Adam Smith (1723-1790) was a Scottish philosopher and economist whose writings helped establish the intellectual foundations of modern economics. Educated at the Universities of Glasgow and Oxford, Smith later became Professor of Moral Philosophy at the University of Glasgow, where he lectured on ethics, jurisprudence, and political economy.Smith first achieved prominence with The Theory of Moral Sentiments (1759), a work examining the moral foundations of human behaviour and social order. His later book, An Inquiry into the Nature and Causes of the Wealth of Nations (1776), became one of the most influential works in the history of economic thought.Through his analysis of markets, labour, and trade, Smith articulated principles that shaped classical economics and influenced debates about commerce, government policy, and economic development for centuries.

Edition details

• Publisher: Wilder Publications
• Publication date: 2018
• Language: English
• ISBN 10: 1515434567
• ISBN 13: 9781515434566
• Binding: Hardcover
• Number of pages: 692