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Focusing on economic principles, this foundational treatise explores the advantages of the division of labor, competition, and trade. Adam Smith, recognized as the "father of modern economics," presents the idea that competitive markets enable individuals to pursue their self-interest, ultimately benefiting society as a whole through an "invisible hand." The work lays the groundwork for understanding modern economic theory and emphasizes the interconnectedness of personal and public interests.
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The Wealth of Nations, Adam Smith
- Language
- Released
- 2021
- product-detail.submit-box.info.binding
- (Paperback)
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- Title
- The Wealth of Nations
- Language
- English
- Authors
- Adam Smith
- Publisher
- Pharos Books
- Released
- 2021
- Format
- Paperback
- Pages
- 762
- ISBN13
- 9789391103019
- Category
- Business and Economics
- Description
- Focusing on economic principles, this foundational treatise explores the advantages of the division of labor, competition, and trade. Adam Smith, recognized as the "father of modern economics," presents the idea that competitive markets enable individuals to pursue their self-interest, ultimately benefiting society as a whole through an "invisible hand." The work lays the groundwork for understanding modern economic theory and emphasizes the interconnectedness of personal and public interests.