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The Wealth of Nations

Adam Smith

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Sozialwissenschaften, Recht, Wirtschaft / Wirtschaft

Beschreibung

The Wealth of Nations, first published by Adam Smith in 1776, is a masterpiece of economic analysis. Adam Smith's 'The Wealth of Nations' is still regarded as a classic work of economics, providing timeless explanations of the invisible hand, division of labour, and free markets. Smith shows how self-interest and competition can result in economic prosperity and social advancement through painstaking study and persuasive arguments. Anyone interested in the mechanics of wealth creation and the underpinnings of contemporary economic theory should read "The Wealth of Nations," a fundamental work that continues to influence our knowledge of economics and capitalism.

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Schlagwörter

18th century., Division of labor, Economics, Wealth creation, Adam Smith, Capitalism, Free market, Economic growth, Laissez-faire, Classical economics, Productivity, Supply and demand, Economic theory, Market economy, Specialization, Invisible hand, Trade, Wealth, Competition, Industrial revolution