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Loading... Wealth of Nations (Great Minds Series)by Adam Smith
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Sign up for LibraryThing to find out whether you'll like this book. No current Talk conversations about this book. NB: This review refers ONLY to this particular version: “Great Minds Series”, Prometheus Books, 1991. This edition is ABRIDGED and makes absolutely no mention of this fact anywhere. In the original, Book III is comprised of four chapters, but for some reason, this edition omits chapters 2-4. The omission is not accidental: the table of contents mirrors the content of the book. ( ) no reviews | add a review
Contains
Political economy had been studied long before Adam Smith. But Wealth of Nations (1776) established it for the first time as a separate science. Smith based his arguments on vast historical knowledge, and developed his principles with remarkable clarity. What set this work apart was its statement of the doctrine of natural liberty. Smith believed that "man's self-interest is God's providence" - that if government abstained from interfering with free competition, the invisible hand of capitalism would emerge from the competing claims of individual self-interest. Industrial problems would be resolved and maximum efficiency reached. After more than two centuries, Smith's work still stands as the best statement and defense of the fundamental principles of capitalism. No library descriptions found. |
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Google Books — Loading... GenresMelvil Decimal System (DDC)330.153Social sciences Economics Economics Theory Schools Classical economicsLC ClassificationRatingAverage:
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