This classic statement of economic liberalism or the policy of laissez-faire was first published in 1776. It is an engrossing analysis of the economic facts of life. Several fundamental principles, many of which are now referred to as axioms, were introduced in this work, the division of labor, supply-and-demand, and free market capitalism being among the most obvious. Smith's political economy is primarily individualistic; self-interest is the incentive for economic action. However, he shows that universal pursuit of self-interest contributes to the public interest.
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"A massively relevant book to anyone wondering why things are going the way they are economically...and to think it was written by an Englishman in the 1800's... " — Larry (5 out of 5 stars)
"A massively relevant book to anyone wondering why things are going the way they are economically...and to think it was written by an Englishman in the 1800's... "
" This is an Economics Bible. Worth to read. The legendary books. "
" Good but complicated, especially compare with the Barbie Fairytopia... "
" Probably one of the most mischaractized books in history. Maybe even more than the bible. "
" I read this book after undergrad. A pioneer of economics and this book started my passion for the study. Yeah, I'm a nerd. "
" I think this book is worthy of five stars in the objective sense. But this site questions personal opinion and while I found certain chapters interesting, the majority was very difficult to get through. "
" Exceptional read for any Political Science/Theory historian. "
" Made it thru book 1 only. But it was interesting "
" I thought the book was quite interesting back when I read it in high school. Some of the specific examples seemed quite irrelevant for how dated they were but the principles were fascinating. "
" Tedious. Most of his ideas get rehashed by John Stuart Mill and others, later. "
" A hard read. But a must for anyone interested in economics, free market capitalism or (like me) thinks that capitalism is the root of all evil! "
Adam Smith is a poet and writer. Formerly a media production instructor at the University of Lincoln in England, he was one of twenty-two writers to have their stories included on the first series of Doctor Who Short Trips audio dramas.
Michael Edwards is a playwright and director from Baltimore.
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