The wealth of Nations
the economics classic
- ISBN: 9780857080776
- Editorial: Capstone Publishing Ltd.
- Fecha de la edición: 2010
- Lugar de la edición: West Sussex. Reino Unido
- Encuadernación: Cartoné
- Medidas: 22 cm
- Nº Pág.: 359
- Idiomas: Inglés
It is easy to forget that when Adam Smith wrote The Wealth of Nations in the late 18th century, the word #economics# was not actually in use. Instead, #political economy# was a branch of philosophy that mainly concerned how governments collected and spent money, and as a professor of moral philosophy Smith lectured on the subject. By its nature, political economy carried the assumption that the state was essentially the driver or source of national wealth. Smith#s genius was to break away from this, showing that the private economy and the industry of individuals, not the state, created the wealth of nations. To use a modern phrase, in Smith#s eyes government was part of the problem, not the solution. Fed up with the endless red tape, trade restrictions and vested interests of the day, people were ready for Smith#s message, and in clinically revealing the state policies that hampered the #natural# progress of humanity towards #opulence#, The Wealth of Nations provided an attractive alternative to the status quo. What is amazing is that the work continues to provide an alternative to the status quo, providing a useful measuring stick by which to judge the creep of government into civil society.
Introduction by Tom Butler-Bowdon.