Language: English
Binding: Paperback
Publisher: Random House USA Inc
Genre: Business & Economics
Pages: 1264
The Wealth of Nations
Having been published in the same year that America’s Declaration of Independence was signed,had a fierce impact on the newly independent country and on Europe’s rising industrial bourgeoisie. Smith expresses his views on free trade and the counter-productive regulations applied to commerce. His radical take on the fact that a country’s wealth can only grow sustainably once an established trade of goods and services that it produces is underway, is still applicable in today’s market and it is now referred to as the gross national product. He also expresses his views on how beneficial the minimal involvement of the Government would be to the market economy.
Written in an engaging manner interspersed cleverly with wit, Smith argues about the advantages of capitalism, as opposed to feudalism, and the division of labour. This edition ofoffers a fresh and crisp take on the revolutionary and game-changing insights of Adam Smith.F