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Focusing on Adam Smith's revolutionary ideas, the book explores his foundational role in capitalism through his seminal work, The Wealth of Nations. It highlights his concepts of supply and demand and the "invisible hand," which suggests that individual self-interest ultimately benefits society. The narrative includes over 50 key passages from Smith's writings, offering insights into his philosophical justification for capitalism and its implications today. The concluding chapter reflects on the successes and crises of capitalism, emphasizing the relevance of Smith's theories in contemporary society.
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Smith in 60 Minutes, Walther Ziegler
- Language
- Released
- 2016
- product-detail.submit-box.info.binding
- (Paperback)
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- Title
- Smith in 60 Minutes
- Subtitle
- Great Thinkers in 60 Minutes
- Language
- English
- Authors
- Walther Ziegler
- Publisher
- BoD - Books on Demand
- Released
- 2016
- Format
- Paperback
- Pages
- 100
- ISBN13
- 9783741227653
- Category
- Business and Economics
- Description
- Focusing on Adam Smith's revolutionary ideas, the book explores his foundational role in capitalism through his seminal work, The Wealth of Nations. It highlights his concepts of supply and demand and the "invisible hand," which suggests that individual self-interest ultimately benefits society. The narrative includes over 50 key passages from Smith's writings, offering insights into his philosophical justification for capitalism and its implications today. The concluding chapter reflects on the successes and crises of capitalism, emphasizing the relevance of Smith's theories in contemporary society.