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The Wealth of Nations

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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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3.9
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Language
English
Authors
Adam Smith
Publisher
Pharos Books
Released
2021
Format
Paperback
Pages
762
ISBN13
9789391103019
Series
Rating
3.9 out of 5
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.