An Inquiry Into the Nature and Causes of the Wealth of Nations ebook Smith, Adam Diesel eBooks

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Home > Business & Economics > Economics > Economic History > An Inquiry Into the Nature and Causes of the Wealth of Nations-eBook

An Inquiry Into the Nature and Causes of the Wealth of Nations

Smith, Adam

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An Inquiry Into the Nature and Causes of the Wealth of Nations

The first truly scientific argument for the principles of political economy.

Title of ebook: An Inquiry Into the Nature and Causes of the Wealth of Nations
ISBN: 9780679641926
Publisher: Random House
Internet download file size: 2365 kb
Released online for download: 10-23-2000
Author of eBook: Smith, Adam

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moFrom the introduction by Robert Reich

Adam Smith's ideas fit perfectly with this new democratic, individualistic idea. To him, the "wealth" of a nation wasn't determined by the size of its monarch's treasure or the amount of gold and silver in its vaults, nor by the spiritual worthiness of its people in the eyes of the Church. A nation's wealth was to be judged by the total value of all the goods its people produced for all its people to consume. To a reader at the start of the twenty-first century, this assertion may seem obvious. At the time he argued it, it was a revolutionary democratic vision.

Smith was born in 1723, in the small Scottish port of Kirkcaldy, which sits across the Firth of Forth from Edinburgh. His father was a collector of customs—a job that literally embodied the old mercantilist philosophy that Smith would later argue against. He was educated at the University of Glasgow, whose professors passionately debated the new concepts of individualism and ethics (one of his teachers, Francis Hutcheson, was prosecuted by the Scottish Presbyterian church for spreading the "false and dangerous" doctrines that moral ... read full excerpt from An Inquiry Into the Nature and Causes of the Wealth of Nations ebook