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4062419
The Wealth of Nations (Modern Library) Hardcover January 25, 1994
Item #:
4062419
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The Wealth of Nations is generally regarded as the foundation of contemporary economic thought.
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What Stands Out
Classic Economics Text
Explore the foundational principles of economics with Adam Smith's timeless work, essential for understanding market dynamics and capitalist theory.
Durable Hardcover Edition
This modern library hardcover edition ensures longevity and protection for avid readers, making it a perfect addition to any serious collection.
Comprehensive Commentary
Includes annotations and insights that enrich the reading experience, offering clarity on complex concepts for students and scholars alike.
Product Details
- The Wealth of Nations is the foundation of contemporary economic thought
- Written by Adam Smith, a Scottish professor of moral philosophy
- Integrates economics, political theory, history, philosophy, and practical programs
- Advocates for laissez-faire economics or noninterventionism
- Introduced the significance of the division of labor and the labor theory of value
- Marked the dawning of a new historical epoch
| Publisher | Modern Library |
| Publication date | January 25, 1994 |
| Edition | Sixth Printing |
| Language | English |
| Print length | 1130 pages |
| ISBN-10 | 0679424733 |
| ISBN-13 | 978-0679424734 |
| Item Weight | 2.67 pounds (1.21 kg) |
| Dimensions | 5.79 x 2.2 x 8.19 inches (14.7 x 5.6 x 20.8 cm) |
Who Should Buy?
-
Economics Students
Ideal for those studying economics, providing foundational concepts and insights from one of the discipline's seminal texts.
-
History Enthusiasts
Valuable for readers interested in the history of economic thought and the evolution of modern economic systems.
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Policy Makers
Useful for policymakers seeking to understand classical economics and its relevance in contemporary economic debates.
-
Casual Readers
May not engage those looking for light reading due to its dense and complex economic theories.
Product Description
The Wealth of Nations (Modern Library) Hardcover January 25, 1994
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Customer Questions & Answers
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Question:
What is 'The Wealth of Nations' about?
Answer: 'The Wealth of Nations' is a seminal work by Adam Smith that lays the foundations of classical economics. In it, Smith discusses the principles of a free market, the division of labor, and the benefits of competition. This book is essential reading for anyone interested in understanding how economic systems operate and influence societies. -
Question:
Who is the author of 'The Wealth of Nations'?
Answer: The author of 'The Wealth of Nations' is Adam Smith, an 18th-century Scottish economist and philosopher. Often referred to as the father of economics, Smith's insights into the functioning of markets and economic dynamics shaped modern economic thought and policy. -
Question:
What is the significance of the hardcover edition?
Answer: The hardcover edition of 'The Wealth of Nations' offers durability and a premium reading experience. With its robust binding and quality materials, this edition is perfect for collectors, scholars, and readers who want a lasting copy to reference over time. -
Question:
Can 'The Wealth of Nations' still be relevant today?
Answer: 'The Wealth of Nations' remains highly relevant as its core principles continue to influence contemporary economic systems. Concepts such as free markets, trade efficiencies, and the importance of individual entrepreneurial endeavors resonate with ongoing discussions in economics and public policy. -
Question:
What key concepts can be found in 'The Wealth of Nations'?
Answer: Key concepts in 'The Wealth of Nations' include the invisible hand, the division of labor, and the benefits of free trade. These ideas explain how individuals pursuing their self-interest can lead to collective economic benefits, highlighting the importance of economic freedoms. -
Question:
Is 'The Wealth of Nations' suitable for beginners in economics?
Answer: 'The Wealth of Nations' is suitable for beginners, especially if accompanied by supplemental material. While it is comprehensive and sometimes dense, it helps lay the groundwork for understanding fundamental economic concepts, making it valuable for novices eager to learn. -
Question:
What historical context is important for understanding this book?
Answer: Understanding the historical context of the 18th century is vital for grasping the significance of 'The Wealth of Nations.' Known as the Enlightenment period, this era was marked by intellectual exploration, which challenged traditional economic and political systems and paved the way for modern economic theories. -
Question:
How is 'The Wealth of Nations' structured?
Answer: 'The Wealth of Nations' is structured into five books, each addressing different aspects of economics. This organization helps readers navigate topics such as wealth accumulation, market dynamics, and the role of government in the economy, allowing for a deeper understanding of various economic interactions. -
Question:
What are some common critiques of 'The Wealth of Nations'?
Answer: Common critiques of 'The Wealth of Nations' include its reliance on self-interest and assumptions about market behavior. Critics argue that not all economic situations can be understood purely through these lenses, and some advocate for a more mixed-approach economy, incorporating social considerations and government intervention. -
Question:
Where can I buy 'The Wealth of Nations Modern Library Hardcover' in Isle of Man?
Answer: You can buy 'The Wealth of Nations Modern Library Hardcover' at Ubuy in Isle of Man. Ubuy offers a wide selection of books, including classic texts like this one, providing a convenient shopping experience for those interested in enhancing their library.
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Features & Benefits
- First published in 1776
- Adam Smith was a Scottish professor of moral philosophy
- Combines economics, political theory, history, philosophy, and practical programs
- Concluded that the best program is noninterventionism / laissez-faire economics
- Smith anticipated the writings of Karl Marx
- His great book marked the dawning of a new historical epoch
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