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An Inquiry into the Nature and Causes of the Wealth of Nations, generally referred to by its shortened title The Wealth of Nations, is the magnum opus of the Scottish economist and moral philosopher Adam Smith (1723–1790).
May 18, 2024 · The Wealth of Nations, work by the Scottish economist and philosopher Adam Smith, first published in 1776, that became a foundational study in the history of economics and the first formulation of a comprehensive system of political economy.
Discover the groundbreaking ideas and principles of modern economics in The Wealth of Nations by Adam Smith. This seminal work examines the wealth creation process, the division of labor, and the market forces that shape economies, laying the foundation for the study of capitalism.
- Adam Smith
Apr 3, 2013 · The magnum opus of the Scottish economist and moral philosopher Adam Smith.
An Inquiry into the Nature and Causes of the Wealth of Nations was first published in 1776. This edition of Smith’s work is based on Edwin Cannan’s careful 1904 compilation (Methuen and Co., Ltd) of Smith’s fifth edition of the book (1789), the final edition in Smith’s lifetime.
The Wealth Of Nations begins with Smith explaining production and exchange, and their contribution to national income. Using the example of a pin factory, Smith shows how specialisation can boost human productivity enormously.
Jun 15, 2024 · Adam Smith, drawing by John Kay, 1790. Despite its renown as the first great work in political economy, The Wealth of Nations is in fact a continuation of the philosophical theme begun in The Theory of Moral Sentiments.
First published in 1776, the year in which the American Revolution officially began, Smith’s Wealth of Nations sparked a revolution of its own. In it Smith analyzes the major elements of political economy, from market pricing and the division of labor to monetary, tax, trade, and other government policies that affect economic behavior.
Nov 13, 2021 · An Inquiry into the Nature and Causes of the Wealth of Nations is the magnum opus of this Scottish economist. It is a clearly written account of political economy at the dawn of the Industrial Revolution, and is widely (if perhaps incorrectly) considered to be the first modern work in the field of economics.
Dec 3, 2011 · On the Inquiry into the Causes of the Wealth of Nations, it only remains farther to be observed, that its success has been every way commensurate to its merits.
