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Item Details
Title:
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THE WEALTH OF NATIONS
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By: |
John Collins |
Format: |
Electronic book text |
List price:
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£5.99 |
We currently do not stock this item, please contact the publisher directly for
further information.
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ISBN 10: |
1351351702 |
ISBN 13: |
9781351351706 |
Publisher: |
TAYLOR & FRANCIS EBOOKS |
Pub. date: |
5 July, 2017 |
Series: |
The Macat Library |
Pages: |
90 |
Synopsis: |
Adam Smith's 1776 Inquiry into The Nature and Causes of the Wealth of Nations - more often known simply as The Wealth of Nations - is one of the most important books in modern intellectual history.Considered one of the fundamental works of classical economics, it is also a prime example of the enduring power of good reasoning, and the ability of reasoning to drive critical thinking forward. Adam Smith was attempting to answer two complex questions: where does a nation's wealth come from, and what can governments do to increase it most efficiently? At the time, perhaps the most widely accepted theory, mercantilism, argued that a nation's wealth was literally the amount of gold and silver it held in reserve. Smith, meanwhile, weighed the evidence and came to a different conclusion: a nation's wealth, he argued, lay in its ability to encourage economic activity, largely without government interference. Underlying this radical redefinition was the revolutionary concept that powered Smith's reasoning and which continues to exert a vast influence on economic thought: the idea that markets are self-regulating. Pitting his arguments against those of his predecessors, Smith carefully and persuasively reasoned out a strong case for free markets that reshaped government economic policies in the 19th-century and continues to shape global prosperity today. |
Publication: |
UK |
Imprint: |
Routledge |
Returns: |
Non-returnable |
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