
The Wealth of Nations
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Narrateur(s):
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Gildart Jackson
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Auteur(s):
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Adam Smith
À propos de cet audio
The foundation for all modern economic thought and political economy, The Wealth of Nations is the magnum opus of Scottish economist Adam Smith, who introduces the world to the very idea of economics and capitalism in the modern sense of the words. Smith details his argument in five books:
- Book I. Of the Causes of Improvement in the Productive Power of Labour
- Book II. Of the Nature, Accumulation, and Employment of Stock Introduction
- Book III. Of the Different Progress of Opulence in Different Nations
- Book IV. Of Systems of Political Economy
- Book V. Of the Revenue of the Sovereign or Commonwealth
Taken together, these books form a giant leap forward in the field of economics. A product of the "Age of Enlightenment," The Wealth of Nations is a must for all who wish to gain a better understanding of the principles upon which all modern capitalistic economies have been founded and the process of wealth creation that is engendered by those principles.
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Insightful
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this is a long undertaking however as it is a massive tour de force and the many many ideas included should be thoroughly digested. unfortunately, most who "quote" Smith have never read him and probably don't understand his arguments at all.
this book is an attempt, using the best evidence of the day, to assess why some countries were poor (despite, like Spain, having control of much of the world's gold supply) and others rich. the tables of numbers don't matter so much today as the theory of the cases involved. one can find similar cases with tables of data in the modern day.
using examples from his time, he discusses topics with current importance including monetary theory, the value of banks, the gold standard vs paper money, international trade balances, trade unions, industrial and land cartels, why owning gold mines is often a bad investment, and human liberty itself.
often it is clear that we have not learned from the lessons of this book at all.
brilliant and still relevant
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I was surprised how much of this is still relevant
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The goat!
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a must!
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