The Invisible Hand
Adam Smith's landmark treatise on the free market paved the way for modern capitalism, arguing that competition is the engine of a productive society, and that self-interest will eventually come to enrich the whole community, as if by an 'invisible hand'.
Throughout history, some books have changed the world. They have transformed the way we see ourselves - and each other
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In the process he usefully examines the concept of wealth, value, productivity, the divison of labor, taxes and agriculture. I found myself...more
Still, the content of the book was really interesting. I didn't realize that The Invisible Hand was an excerpt of The Wealth of Nations, so no I am obliged to read that as well. Reading Adam Smith makes me interested in taking macr...more
A Scottish moral philosopher and a pioneer of political economy. One of the key figures of the Scottish Enlightenment, Smith is the author of The Theory of Moral Sentiments and An Inquiry into the Nature and Causes of the Wealth of Nations. The latter, usually abbreviated as The Wealth of Nat...more