Wealth of Nations

The Wealth of Nations

By Adam Smith

First published in 1776, Smith's "primer" provided the first description of the workings of a market economy. This unabridged edition offers the modern reader a fresh look at a timeless work that revolutionized the way the creation and dispersion of wealth are viewed.

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Book Information

Publisher: Bantam Classics
Publish Date: 03/04/2003
Pages: 1264
ISBN-13: 9780553585971
ISBN-10: 0553585975
Language: English

Full Description

The Wealth of Nations
by Adam Smith It is symbolic that Adam Smith's masterpiece of economic analysis, The Wealth of Nations, was first published in 1776, the same year as the Declaration of Independence. In his book, Smith fervently extolled the simple yet enlightened notion that individuals are fully capable of setting and regulating prices for their own goods and services. He argued passionately in favor of free trade, yet stood up for the little guy. The Wealth of Nations provided the first--and still the most eloquent--integrated description of the workings of a market economy. The result of Smith's efforts is a witty, highly readable work of genius filled with prescient theories that form the basis of a thriving capitalist system. This unabridged edition offers the modern reader a fresh look at a timeless and seminal work that revolutionized the way governments and individuals view the creation and dispersion of wealth--and that continues to influence our economy right up to the present day.

About the Author

Adam Smith was born in a small village in Kirkcaldy, Scotland in 1723. He entered the University of Glasgow at age fourteen, and later attended Balliol College at Oxford. After lecturing for a period, he held several teaching positions at Glasgow University. His greatest achievement was writing The Wealth of Nations (1776), a five-book series that sought to expose the true causes of prosperity, and installed him as the father of contemporary economic thought.

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