{"product_id":"the-wealth-of-nations-hardcover","title":"The Wealth of Nations - Hardcover","description":"\u003cp\u003eby \u003cb\u003eAdam Smith\u003c\/b\u003e (Author), \u003cb\u003eEdwin Cannan\u003c\/b\u003e (Editor)\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eFirst published in 1776, \u003ci\u003eThe Wealth of Nations \u003c\/i\u003eis generally regarded as the foundation of contemporary economic thought. Adam Smith, a Scottish professor of moral philosophy, expounded the then-revolutionary doctrine of economic liberalism. The book's importance was immediately recognized by Smith's peers, and later economists have shown an unusual consensus in their admiration for his ideas. \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e Combining economics, political theory, history, philosophy, and practical programs, Smith assumes that human self-interest is the basic psychological drive behind economics and that a natural order in the universe makes all the individual, self-interested strivings add up to the social good. His conclusion, that the best program is to leave the economic process alone and that government is useful only as an agent to preserve order and to perform routine functions, is now known as laissez-faire economics or noninterventionism. \u003cp\u003e\u003c\/p\u003e In noting for the first time the significance of the division of labor and by stating the hypothesis that a commodity's value correlates to its labor input, Smith anticipated the writings of Karl Marx. Like Marx's \u003ci\u003eDas Capital\u003c\/i\u003e and Machiavelli's \u003ci\u003eThe Prince, \u003c\/i\u003e his great book marked the dawning of a new historical epoch. \u003cbr\u003e \u003cp\u003e\u003c\/p\u003e\u003ch3\u003eFront Jacket\u003c\/h3\u003e\u003cp\u003eAdam Smith's masterpiece, first published in 1776, is the foundation of modern economic thought and remains the single most important account of the rise of, and the principles behind, modern capitalism. Written in clear and incisive prose, The Wealth of Nations articulates the concepts indispensable to an understanding of contemporary society; and Robert Reich's new Introduction for this edition both clarifies Smith's analyses and illuminates his overall relevance to the world in which we live. As Reich writes, \"Smith's mind ranged over issues as fresh and topical today as they were in the late eighteenth century--jobs, wages, politics, government, trade, education, business, and ethics.\" \u003c\/p\u003e\u003cp\u003e\"From the Trade Paperback edition.\u003c\/p\u003e\u003ch3\u003eBack Jacket\u003c\/h3\u003e\u003cp\u003eThe Wealth Of Nations was recognized as a landmark of human though upon its publication in 1776. As the first scientific argument for the principles of political economy, it is the point of departure for all subsequent economic thought.\u003c\/p\u003e\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003eAdam 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 \u003cb\u003eThe Wealth of Nations\u003c\/b\u003e (1776), a five-book series that sought to expose the true causes of prosperity, and installed him as the father of contemporary economic thought. He died in Edinburgh on July 19, 1790.\u003c\/p\u003e\u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 1200\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 2 x 8 x 6 IN\u003c\/div\u003e\u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e January 25, 1994\u003c\/div\u003e","brand":"Books by splitShops","offers":[{"title":"Default Title","offer_id":51756885344544,"sku":"9780679424734","price":35.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0974\/9764\/5344\/files\/ab05223dac076a1ebbec70d01a3ac1cc.webp?v=1780088421","url":"https:\/\/ebocreations.com\/products\/the-wealth-of-nations-hardcover","provider":"The E-Book Oasis LLC","version":"1.0","type":"link"}