ISBN 9780140432084,Wealth of Nation Bk.I-III

Wealth of Nation Bk.I-III

Author:

Andrew

,

Skinner

Publisher:

Penguin Books

Rs350

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ISBN 9780140432084
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ISBN 9780140432084
Publisher

Penguin Books

Publication Year 1982
ISBN-13

ISBN 9780140432084

ISBN-10 0140432086
Binding

Paperback

Number of Pages 570 Pages
Language (English)
Subject

Education

It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard to their own interest' With this landmark treatise on political economy, Adam Smith paved the way for modern capitalism, arguing that a truly free market - fired by competition yet guided as if by an 'invisible hand' to ensure justice and equality - was the engine of a fair and productive society. Books I-III of the Wealth of Nations examine the 'division of labour' as the key to economic growth, by ensuring the interdependence of individuals within society. They also cover the origins of money, the importance of wages, profit, rent and stocks. Smith's work laid the foundations of economic theory in general and 'classical' economics in particular, but the real sophistication of his analysis derives from the fact that it also encompasses a combination of ethics, philosophy and history to create a vast panorama of society. This edition contains an analytical introduction offering an in-depth discussion of Smith as an economist and social scientist, as well as a preface, further reading and explanatory notes. The Wealth of Nations Books IV-V are also published in Penguin Classics
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