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The book explores the foundational principles of economic theory established by Adam Smith in 1776, focusing on labor dynamics, supply and demand, and the division of labor. It delves into the accumulation of wealth, lending practices, and interest rates, while illustrating how economies can achieve prosperity. Additionally, it presents a strong defense of free-market capitalism. Smith's insights remain crucial for understanding modern economic concepts, making this work essential for students of economics.
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An Inquiry Into the Nature and Causes of the Wealth of Nations (Unabridged Edition), Adam Smith
- Language
- Released
- 2011
- product-detail.submit-box.info.binding
- (Paperback)
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- Title
- An Inquiry Into the Nature and Causes of the Wealth of Nations (Unabridged Edition)
- Language
- English
- Authors
- Adam Smith
- Publisher
- Cosimo Classics
- Released
- 2011
- Format
- Paperback
- Pages
- 1042
- ISBN13
- 9781602069022
- Category
- Business and Economics
- Description
- The book explores the foundational principles of economic theory established by Adam Smith in 1776, focusing on labor dynamics, supply and demand, and the division of labor. It delves into the accumulation of wealth, lending practices, and interest rates, while illustrating how economies can achieve prosperity. Additionally, it presents a strong defense of free-market capitalism. Smith's insights remain crucial for understanding modern economic concepts, making this work essential for students of economics.