Title
The Wealth of Nations (Modern Library),New
Processing time: 1-3 days
US Orders Ships in: 3-5 days
International Orders Ships in: 8-12 days
Return Policy: 15-days return on defective items
Payment Option
First published in 1776, The Wealth of Nations is generally regarded as the foundation of contemporary economic thought. Adam Smith, a Scottish professor of moral philosophy, expounded the thenrevolutionary doctrine of economic liberalism. The book?s importance was immediately recognized by Smith?s peers, and later economists have shown an unusual consensus in their admiration for his ideas.Combining economics, political theory, history, philosophy, and practical programs, Smith assumes that human selfinterest is the basic psychological drive behind economics and that a natural order in the universe makes all the individual, selfinterested strivings add up to the social good. His conclusion, that the best program is to leave the economic process alone and that government is useful only as an agent to preserve order and to perform routine functions, is now known as laissezfaire economics or noninterventionism.In noting for the first time the significance of the division of labor and by stating the hypothesis that a commodity?s value correlates to its labor input, Smith anticipated the writings of Karl Marx. Like Marx?s Das Capital and Machiavelli?s The Prince, his great book marked the dawning of a new historical epoch.
⚠️ WARNING (California Proposition 65):
This product may contain chemicals known to the State of California to cause cancer, birth defects, or other reproductive harm.
For more information, please visit www.P65Warnings.ca.gov.
- Q: What is the primary subject of 'The Wealth of Nations'? A: 'The Wealth of Nations' primarily focuses on economic theory, particularly the principles of economic liberalism and the functioning of free markets.
- Q: Who is the author of 'The Wealth of Nations'? A: The author of 'The Wealth of Nations' is Adam Smith, a Scottish economist and philosopher.
- Q: What year was 'The Wealth of Nations' first published? A: 'The Wealth of Nations' was first published in the year 1776.
- Q: What key economic concept does Adam Smith introduce in this book? A: Adam Smith introduces the concept of laissez-faire economics, advocating for minimal government intervention in economic matters.
- Q: How many pages does 'The Wealth of Nations' have? A: 'The Wealth of Nations' has a total of 1130 pages.
- Q: What type of binding does this edition of 'The Wealth of Nations' have? A: This edition of 'The Wealth of Nations' is bound in hardcover.
- Q: When was this specific edition of 'The Wealth of Nations' published? A: This specific edition of 'The Wealth of Nations' was published on January 25, 1994.
- Q: What are some of the themes explored in 'The Wealth of Nations'? A: The book explores themes including economic theory, political philosophy, the division of labor, and the role of self-interest in economic activities.
- Q: Is 'The Wealth of Nations' considered a significant work in economics? A: 'The Wealth of Nations' is widely regarded as a foundational text in modern economics and has significantly influenced economic thought.
- Q: What edition of 'The Wealth of Nations' is this? A: This is the sixth printing of 'The Wealth of Nations'.