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The Wealth of Nations (Modern Library, hardcover)
ABOUT THE BOOK
Annotation
The first truly scientific argument for the principles of political economy.
Description from The Reader's Catalog
First published in 1776
From The Publisher
But, as Andrew Skinner reveals in his introduction to this edition, the real
sophistication of The Wealth of Nations lies less in individual areas of
economic analysis than in its overall picture of a vast analytical system--a
capitalist economy--in which all the parts can be seen simultaneously
interacting with each other. In addition, Smith's view of society was not merely
an economic one. The Wealth of Nations is far from being an apologia for
unregulated business enterprise: Smith was at pains to point out that economic
advance can have undesirable social consequences, and that labour which is
economically unproductive can be beneficial to society at large.
ABOUT THE AUTHOR
Author Note from The Reader's Catalog
Adam Smith (1723-1790) was the father of economics. He originated the idea that
the unrestricted operations of a free market have the status of natural law; he
was the first to note the importance of the division of labor and to hypothesize
that the value of a commodity corresponds to its labor input.
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