Adam Smith The Wealth of Nations

ISBN 13: 9781612030500

The Wealth of Nations

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An Inquiry into the Nature and Causes of the Wealth of Nations by Scottish economist and moral philosopher Adam Smith is considered to be the foundation of modern economic theory. First published in 1776, it is a reflection on economics at the beginning of the Industrial Revolution and argues that free market economies are more productive and beneficial to their societies. On Division of Labor - Smith illustrates with real world examples of how the extent of market determines the level of division of labor and the resulting productivity improvements; it is the extent of the market that determines the degree to which the division of labor can proceed - the productivity gains of a limited market are limited. On the other hand, as under competitive conditions a deepening of the division of labor lowers prices and thereby increases sales, the division of labor leads to an extended market that permits another deepening of the division of labor. This dynamic process creates the "Wealth of Nations." Of the Component Parts of the Price of Commodities Smith argues that the price of any product reflects wages, rent of land and "...profit of stock," which compensates the capitalist for risking his resources. The Wealth of Nations is required reading in many economic classes and a must read for anyone interested in economics, politics and the progression of the capitalist society.

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From the Inside Flap:

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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Other Popular Editions of the Same Title

9781604598919: The Wealth of Nations

Featured Edition

ISBN 10:  1604598913 ISBN 13:  9781604598919
Publisher: Thrifty Books, 2009
Softcover

9780679783367: The Wealth of Nations (Modern Library Classics)

Modern..., 2000
Softcover

9781905641260: The Wealth of Nations: An Inquiry into the Nature and Causes of the Wealth of Nations

Harrim..., 2007
Hardcover

9780760757611: The Wealth of Nations (Barnes & Noble Library of Essential Reading)

Barnes..., 2004
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9780879757052: Wealth of Nations (Great Minds)

Promet..., 1991
Softcover

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Book Description Bottom of the Hill Publishing, 2011. Paperback. Condition: New. Language: English . Brand New Book ***** Print on Demand *****. An Inquiry into the Nature and Causes of the Wealth of Nations by Scottish economist and moral philosopher Adam Smith is considered to be the foundation of modern economic theory. First published in 1776, it is a reflection on economics at the beginning of the Industrial Revolution and argues that free market economies are more productive and beneficial to their societies. On Division of Labor - Smith illustrates with real world examples of how the extent of market determines the level of division of labor and the resulting productivity improvements; it is the extent of the market that determines the degree to which the division of labor can proceed - the productivity gains of a limited market are limited. On the other hand, as under competitive conditions a deepening of the division of labor lowers prices and thereby increases sales, the division of labor leads to an extended market that permits another deepening of the division of labor. This dynamic process creates the Wealth of Nations. Of the Component Parts of the Price of Commodities Smith argues that the price of any product reflects wages, rent of land and . .profit of stock, which compensates the capitalist for risking his resources. The Wealth of Nations is required reading in many economic classes and a must read for anyone interested in economics, politics and the progression of the capitalist society. Seller Inventory # AAV9781612030500

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Book Description Bottom of the Hill Publishing, 2011. Paperback. Condition: New. Language: English . Brand New Book ***** Print on Demand *****.An Inquiry into the Nature and Causes of the Wealth of Nations by Scottish economist and moral philosopher Adam Smith is considered to be the foundation of modern economic theory. First published in 1776, it is a reflection on economics at the beginning of the Industrial Revolution and argues that free market economies are more productive and beneficial to their societies. On Division of Labor - Smith illustrates with real world examples of how the extent of market determines the level of division of labor and the resulting productivity improvements; it is the extent of the market that determines the degree to which the division of labor can proceed - the productivity gains of a limited market are limited. On the other hand, as under competitive conditions a deepening of the division of labor lowers prices and thereby increases sales, the division of labor leads to an extended market that permits another deepening of the division of labor. This dynamic process creates the Wealth of Nations. Of the Component Parts of the Price of Commodities Smith argues that the price of any product reflects wages, rent of land and . .profit of stock, which compensates the capitalist for risking his resources. The Wealth of Nations is required reading in many economic classes and a must read for anyone interested in economics, politics and the progression of the capitalist society. Seller Inventory # AAV9781612030500

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