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The book whilst well written is devoid of economic theory and only holds value as a way of understanding market history and Smith's views. Extremely overrated.He starts off making the case for international trade and explaining the historical barriers. Then he moves on to how colonialism mainly by the British changed the market, especially due to the influx of gold and how the standard limits the amount of currency in circulation. Then he makes some ridiculous arguments for privatising the roads...
It is by no accident that this book has become a cornerstone of human history.This collection of books is so much more than simply an outline of economic activity, I view it as a thorough analysis of human behaviour itself.Within the final two instalments of this collection, Adam Smith expands upon his analysis of economic activity based on an understanding of human nature by exploring the origins & role government plays within society & its potential implications.Once again providing a well ded...
Adam Smith has hijacked by the free market right. And that's a shame. Because his views don't fit into the simple left/right narrative that people often feel the need to pull people into. He was writing in the 18th Century. In the hayday of the British Empire. When slavery was legal. When vast monopolies trading from the City of London screwed over other countries (and other parts of the UK). You can't really read this book and be in any doubt where the wealth of the UK has come from. And althou...
Adam Smith has hijacked by the free market right. And that's a shame. Because his views don't fit into the simple left/right narrative that people often feel the need to pull people into. He was writing in the 18th Century. In the hayday of the British Empire. When slavery was legal. When vast monopolies trading from the City of London screwed over other countries (and other parts of the UK). You can't really read this book and be in any doubt where the wealth of the UK has come from. And althou...
Adam Smith has hijacked by the free market right. And that's a shame. Because his views don't fit into the simple left/right narrative that people often feel the need to pull people into. He was writing in the 18th Century. In the hayday of the British Empire. When slavery was legal. When vast monopolies trading from the City of London screwed over other countries (and other parts of the UK). You can't really read this book and be in any doubt where the wealth of the UK has come from. And althou...
Adam Smith has hijacked by the free market right. And that's a shame. Because his views don't fit into the simple left/right narrative that people often feel the need to pull people into. He was writing in the 18th Century. In the hayday of the British Empire. When slavery was legal. When vast monopolies trading from the City of London screwed over other countries (and other parts of the UK). You can't really read this book and be in any doubt where the wealth of the UK has come from. And althou...
This second volume of The Wealth of Nations contain Smith's acute critics about the mercantile economic system which focus on balance of trade between country as a factor that determine the wealth if nation. Smith think that the balance of trade is not proper things to determine the wealth state of nation. The critique serve as a pillar for Smith's advocate to the free market between country. This section clearly describe the Smith's position as the advocater of free market economic system.Then,...
I finally completed all 5 books of this collection. I have to say, so much of it was difficult to really apply since I think this was more about pointing out the economic principles that would benefit the times of Adam Smith. There are of course many principles that can and should be applied today, but one would need to dissect much of what was written and modernized for applying to today. Still, a book for anyone wanting to better understand economics by looking back into the past - what worked...
A fairly quaint addendum to volume one. Smith's attention to detail is mind numbing and oddly endearing. From the price of seigniorage (which is not as majestic as it sounds), to the benefits of a general tax on malt, books IV-V are less capitalist credo, more politico-historical navel gazing; but not by much.
Amazingly in front and informative is one way of putting it - so much I could add but I don't know where to begin...Waseem Mirzahttp://www.WaseemMirza.net
Amazingly in front and informative is one way of putting it - so much I could add but I don't know where to begin...Waseem Mirzahttp://www.WaseemMirza.net
Amazingly in front and informative is one way of putting it - so much I could add but I don't know where to begin...Waseem Mirzahttp://www.WaseemMirza.net
Interesting history of economics. Informative.
Interesting history of economics. Informative.
Interesting history of economics. Informative.
Interesting history of economics. Informative.
Interesting history of economics. Informative.
Interesting history of economics. Informative.
