Wealth of Nations
by
Adam Smith
Book Details
Format
Paperback / Softback
Book Series
Great Minds Series
ISBN-10
0879757051
ISBN-13
9780879757052
Publisher
Prometheus Books
Imprint
Prometheus Books
Country of Manufacture
US
Country of Publication
GB
Publication Date
Feb 1st, 1992
Print length
594 Pages
Weight
670 grams
Dimensions
21.20 x 13.70 x 3.20 cms
Product Classification:
Conservatism & right-of-centre democratic ideologiesEconomic theory & philosophy
Ksh 4,100.00
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Argues that 'man's self-interest is God's providence' - that if government abstained from interfering with free competition, the hand of capitalism would emerge from the competing claims of individual self-interest. This book offers a statement and defence of the fundamental principles of capitalism.
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.
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