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An Inquiry into the Nature and Causes of the…

An Inquiry into the Nature and Causes of the Wealth of Nations, Volume II

by Adam Smith

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226181,503 (3.94)None
First published in 1776, the year in which the American Revolution officially began, Smith's Wealth of Nations sparked a revolution of its own. In it Smith analyzes the major elements of political economy, from market pricing and the division of labor to monetary, tax, trade, and other government policies that affect economic behavior. Throughout he offers seminal arguments for free trade, free markets, and limited government. Criticizing mercantilists who sought to use the state to increase their nations' supply of precious metals, Smith points out that a nation's wealth should be measured by the well-being of its people. Prosperity in turn requires voluntary exchange of goods in a peaceful, well-ordered market. How to establish and maintain such markets? For Smith the answer lay in man's social instincts, which government may encourage by upholding social standards of decency, honesty, and virtue, but which government undermines when it unduly interferes with the intrinsically private functions of production and exchange.… (more)
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    MONTESQUIEU'S SPIRIT OF LAWS : VOL I AND II by Thomas Montesq M. translated by Nugent D'alembert (Voracious_Reader)
    Voracious_Reader: Smith's view of what works in economics is connected to his own view of natural law. Montesquieu writes about natural law.
  2. 00
    Free to Choose: A Personal Statement by Milton Friedman (Voracious_Reader)
    Voracious_Reader: Friedman explains why what Smith saw as sound economic policy works in terms of economic theory and rights.
  3. 00
    The Roads to Modernity: The British, French, and American Enlightenments by Gertrude Himmelfarb (Voracious_Reader)
    Voracious_Reader: Himmelfarb touches on Adam Smith's and other British and American Enlightenment works. Superb read. Gives you a broader understanding of the ideas of the time.

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The classic treatise on economics. Smith is the founder of economics as a modern scientific discipline. ( )
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Liberty Fund, Inc

An edition of this book was published by Liberty Fund, Inc.

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