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Preview — Wealth of Nations by Adam Smith
Wealth of Nations
An Inquiry into the Nature and Causes of the Wealth of
Nations is the magnum opus of the Scottish economist Adam Smith. It is
a clearly written account of economics at the dawn of the Industrial Revolution,
as well as a rhetorical piece written for the generally educated individual of
the 18th century - advocating a free market economy as more productive and more
Smith is smooth, like a nice rye whisky. Right off the bat, this artful Adam opens with a remark about the productive powers of la ...more
The remaining 1/8 of the book, however, is worth fighting through the rest for. Even if you've heard the explanation of the "invisible hand" a thousand times, there is something magical about reading the actual words by the father himself:
"It is not from the benevolence of the butcher, the brewer, or the baker ...more
The Wood method consisted, basically, of two ...more
In fact, greed is one of the Seven Deadly Sins in Christian theology. Greed is a sin in ALL the great religions, including Judaism, Islam, Hinduism, Zen Buddhism, Buddhism, American Indian Spiritualism, Wiccan nature love, Bahá'í Faith, Gnosticism · · Rastafari,Samaritanism, Indian Ayyavazhi, Jainism, Sikhism Iranian Ahl-e Haqq, Manichaeism, Mazdak, Yazidi,Zoroastrianism, East Asian Confucianism, Taoism,Recent C ...more
Adam Smith had the idea of modern economics before the United States was even sovereign (I go not so much for good writers, as I do for innovative and groundbreaking thinkers). Imagine coming up with your own idea of an economic system long before the world was ready. And unlike Marx, may I mention, Smith's ideals are not only flourishing and still seen today, but they are the foundation of the many, many economies and nations.
Great chance to see and understand how economics developed.
Am I the only person who thinks this is just plain weird?
This book was absolutely a pain to get through. Maybe the biggest difference between 2012 and 1776 is that people have less patience. This economic book, seems to have made a huge influence on future economists and capitalists, but reading over 1000 pages on extremely dry economics was really difficult for me. There are some good ideas in the book, but read ...more
Smith discusses three types of people; those who make money by rent, by labor, and by employment of stock. With respect to the various laws each of these group tends to propose, he considers the likely merits. Those who make money by rent can only make money if the people who supply ...more
That much being said, Smith deserves cre ...more
1. Smith, in various places in the book, criticizes merchantilists and others. However, since the average reader (even the average economist) has no knowledge of merchantilists and physiocrats, all his comments SEEM correct, whereas in fact they are just simplistic and unfair (merchantilists never confused wealth and money, a ...more
Stick this book in your bathroom and read one of the short little 12-page chapters every time you pay an extended visit. At over 1000 pages, it will take a while, but if you want to teach yourself how to debunk the f ...more
Адам Смит чётко и ясно обобщил и систематизировал столь сложные явления в экономике государства, а также нашёл множество взаимозависимых тенденций.
Книга поможет понять много сложных вещей и, возможно, вы сами научитесь им, и будете применять данные знания для умножения собственных материальных ценностей, и ценностей нашего общества.
Much of what the book says confirms what any Econom ...more
The natural processes of a successful economy are found in Adam Smith’s Wealth of Nations. Although two hundred plus years old, Smith focuses on significantly profound and pertinent principles for any age. Stressing that regulations tend to limit prosperity and production, his extensive research of history and economics proves that a free market is an effective system in producing a wealthy nation. “The object of political economy of every country is to increase the riches and power o ...more
اعتبر سميث أن ثروة كل أمة تقاس بقدرتها الإنتاجية، وتناول الإنتاجية كمقياس للثروة التي يمكن مضاعفتها بتقسيم العمل. واهتم بطرق توزيع الثروة في المجتمع ووسائل تنظيم التجارة وتقسيم العمل، إضافة إلى أطروحاته المتعلقة بحرية السوق واليد الخفية التي تساهم في دفع الحركة الاقتصادية وتشجيع الاستثمار، ودعوته إلى الحد من تدخل الدولة المباشر في ...more
His ideas have become ingrained for the American modern reader. The notion of enlightened self-interest developing a dynamic economy is the ideological cornerstone for fiscally conservative Republicans. We also see corruptions of his ot ...more
What I find baffling is the way many treat it as universal scripture instead of ideas to test and a view on a slice of time. Smith did not venture to produce a tome for all times nor a treatise on how thi ...more
"Богатството на народите" е важна книга заради простия език и елементарните примери, с които борави, за да покаже икономическите отношения и принципите, които те следват, като нещо съвсем делнично, нормално, житейско.
За болшинството хора ...more
Wealth of Nations is a book that is represented VERY dishonestly by both progressives/liberals and right-wingers, albeit for opposite reasons. Smith's work is touted by right wing-nuts as some sort of free-market gospel that extols the virtues of uncontrolled capitalism the way Milton Friedman and the supply-siders do. On the other side of the aisle you have ...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