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There is an overwhelming amount of information in this book, ranging from the 100 or so pages dedicated to the history of the prices of produce in Europe, to the large section dedicated to Smith's argument that precious metals are no measure for a nation's true wealth, but rather production of labor within the country. I learned a lot of things about supply and demand, division of labor, and the ways in which a free society help all classes to lead a better quality of life. There are also some i...
Wealth of Nations by Adam Smith left impression for the comprehensive nature, as well as the writing style of the author. It was sort of detailed and covered major events in the European economy and its history over the course of time. This work is indeed a classic publication, and the notable point about it was the fundamental matters related to the economy of Europe in general and Great Britain in particular. I think it is a helpful and worthwhile publication for anyone concerned about the eco...
Wealth of Nations by Adam Smith left impression for the comprehensive nature, as well as the writing style of the author. It was sort of detailed and covered major events in the European economy and its history over the course of time. This work is indeed a classic publication, and the notable point about it was the fundamental matters related to the economy of Europe in general and Great Britain in particular. I think it is a helpful and worthwhile publication for anyone concerned about the eco...
“The desire of food is limited in every man by the narrow capacity of the human stomach; but the desire of the conveniences and ornaments of building, dress, equipage, and household furniture, seems to have no limit or certain boundary.”So goes the most powerful and influential approbation for a liberal economy governed by the laws of human greed. Adam Smith’s Wealth of Nation is not just a justification of an open market model, a concept not unfamiliar to those of us living in a capital driven
Postponed due to volume and time constraints.
Postponed due to volume and time constraints.
AcknowledgementsIntroductionNote on the TextSelect BibliographyA Chronology of Adam Smith and His Times--An Inquiry into the Nature and Causes of the Wealth of Nations [Abridged]Explanatory Notes and CommentaryIndex
It's much more compelling to read Adam Smith than the economists who bastardize his theories.
Essential Basic Foundations for economics.
An excellent book, that appealed not only to my adopted interest in economics, but also my natural interest in history and philosophy.What I really like about the Wealth of Nations is the way Smith explains everything with absolute clarity, covering the fundamentals that are generally left out of the modern classroom (e.g. why we use coinage, and exactly what it represents). While much of the book uses contemporary evidence to support itself, the principles can generally be applied to the presen...
An excellent book, that appealed not only to my adopted interest in economics, but also my natural interest in history and philosophy.What I really like about the Wealth of Nations is the way Smith explains everything with absolute clarity, covering the fundamentals that are generally left out of the modern classroom (e.g. why we use coinage, and exactly what it represents). While much of the book uses contemporary evidence to support itself, the principles can generally be applied to the presen...
+10 intelligence.
+10 intelligence.
+10 intelligence.
What surprised me most about Smith's book was that his economic analysis of production, price and value is compatible with Marx's. I had read in so many places that Marx was the Left and Smith was the Right. Turns out, it really IS better to read the original.
I'm finally done with this, cover to cover, I won't say how long it took. Adam Smith was not the only person to write about "free market" but he seems to be the most famous. It really is a brilliant compilation, considering the time and context he wrote it. An even mixture of insight into what has become the fundamental model for "free market" and opinion on the state of affairs of his day. A lot of diversion from his theory into what he considers relevant examples. Also, Smith spends some time
I'm finally done with this, cover to cover, I won't say how long it took. Adam Smith was not the only person to write about "free market" but he seems to be the most famous. It really is a brilliant compilation, considering the time and context he wrote it. An even mixture of insight into what has become the fundamental model for "free market" and opinion on the state of affairs of his day. A lot of diversion from his theory into what he considers relevant examples. Also, Smith spends some time
Upon reaching the outdated points I found myself drifting a loosing interest. It’s not to say that this isn’t interesting subject matter, nor to say it isn’t well written by a man of clear intelligence. But what I thought I’d get from this treatise I didn’t get and realised that this was not for me.
Upon reaching the outdated points I found myself drifting a loosing interest. It’s not to say that this isn’t interesting subject matter, nor to say it isn’t well written by a man of clear intelligence. But what I thought I’d get from this treatise I didn’t get and realised that this was not for me.
Upon reaching the outdated points I found myself drifting a loosing interest. It’s not to say that this isn’t interesting subject matter, nor to say it isn’t well written by a man of clear intelligence. But what I thought I’d get from this treatise I didn’t get and realised that this was not for me.