The Wealth of Nations, a classic of economics by Adam Smith, is brought to the reader anew in this premium quality edition.
First published in 1776, this book's full title is An Inquiry into the Nature and Causes of the Wealth of Nations. Famously, the early part of the text advances the notion of the division of labour - whereby individual workers may be assigned specific tasks, which they complete faster than were they to do every task in sequence. The famous example used is one of pin manufacturing.
It was Adam Smith's abiding belief that proper division of labour across all kinds of manufacturing could power the economy to heights never before witnessed - this, in contrast to earlier philosophers such as Plato, who believed that the concept could and should apply only to a certain set of environmentally determined trades. In the ensuing industrial revolution, Smith's theories were proven: dividing and assigning labour was, alongside advancing technologies, a primary driver of economic progress.
Much of the text is a discussion of 18th century economics - as such, we do not hear Adam Smith refer to modern economic indicators such as share prices, inflation rates and interest rates - rather, the indices used are the prices of individual commodities. Important goods in perpetual demand such as wool, and luxury precious products such as silver and gold, receive much topical discussion.
Something of a history of economics as it stood in the late 18th century, The Wealth of Nations chronicles the rise of imports and exports in the early colonial period. Philosophic concepts of achieving maximum output, the best prices, and prosperity are also discussed - today, the work is considered a classic, being referred to and studied both in academia and in the business world.
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First published in 1776, this book's full title is An Inquiry into the Nature and Causes of the Wealth of Nations. Famously, the early part of the text advances the notion of the division of labour - whereby individual workers may be assigned specific tasks, which they complete faster than were they to do every task in sequence. The famous example used is one of pin manufacturing.
It was Adam Smith's abiding belief that proper division of labour across all kinds of manufacturing could power the economy to heights never before witnessed - this, in contrast to earlier philosophers such as Plato, who believed that the concept could and should apply only to a certain set of environmentally determined trades. In the ensuing industrial revolution, Smith's theories were proven: dividing and assigning labour was, alongside advancing technologies, a primary driver of economic progress.
Much of the text is a discussion of 18th century economics - as such, we do not hear Adam Smith refer to modern economic indicators such as share prices, inflation rates and interest rates - rather, the indices used are the prices of individual commodities. Important goods in perpetual demand such as wool, and luxury precious products such as silver and gold, receive much topical discussion.
Something of a history of economics as it stood in the late 18th century, The Wealth of Nations chronicles the rise of imports and exports in the early colonial period. Philosophic concepts of achieving maximum output, the best prices, and prosperity are also discussed - today, the work is considered a classic, being referred to and studied both in academia and in the business world.
The Wealth of Nations
The Wealth of Nations, a classic of economics by Adam Smith, is brought to the reader anew in this premium quality edition.
First published in 1776, this book's full title is An Inquiry into the Nature and Causes of the Wealth of Nations. Famously, the early part of the text advances the notion of the division of labour - whereby individual workers may be assigned specific tasks, which they complete faster than were they to do every task in sequence. The famous example used is one of pin manufacturing.
It was Adam Smith's abiding belief that proper division of labour across all kinds of manufacturing could power the economy to heights never before witnessed - this, in contrast to earlier philosophers such as Plato, who believed that the concept could and should apply only to a certain set of environmentally determined trades. In the ensuing industrial revolution, Smith's theories were proven: dividing and assigning labour was, alongside advancing technologies, a primary driver of economic progress.
Much of the text is a discussion of 18th century economics - as such, we do not hear Adam Smith refer to modern economic indicators such as share prices, inflation rates and interest rates - rather, the indices used are the prices of individual commodities. Important goods in perpetual demand such as wool, and luxury precious products such as silver and gold, receive much topical discussion.
Something of a history of economics as it stood in the late 18th century, The Wealth of Nations chronicles the rise of imports and exports in the early colonial period. Philosophic concepts of achieving maximum output, the best prices, and prosperity are also discussed - today, the work is considered a classic, being referred to and studied both in academia and in the business world.
First published in 1776, this book's full title is An Inquiry into the Nature and Causes of the Wealth of Nations. Famously, the early part of the text advances the notion of the division of labour - whereby individual workers may be assigned specific tasks, which they complete faster than were they to do every task in sequence. The famous example used is one of pin manufacturing.
It was Adam Smith's abiding belief that proper division of labour across all kinds of manufacturing could power the economy to heights never before witnessed - this, in contrast to earlier philosophers such as Plato, who believed that the concept could and should apply only to a certain set of environmentally determined trades. In the ensuing industrial revolution, Smith's theories were proven: dividing and assigning labour was, alongside advancing technologies, a primary driver of economic progress.
Much of the text is a discussion of 18th century economics - as such, we do not hear Adam Smith refer to modern economic indicators such as share prices, inflation rates and interest rates - rather, the indices used are the prices of individual commodities. Important goods in perpetual demand such as wool, and luxury precious products such as silver and gold, receive much topical discussion.
Something of a history of economics as it stood in the late 18th century, The Wealth of Nations chronicles the rise of imports and exports in the early colonial period. Philosophic concepts of achieving maximum output, the best prices, and prosperity are also discussed - today, the work is considered a classic, being referred to and studied both in academia and in the business world.
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The Wealth of Nations
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Product Details
| BN ID: | 2940157419158 |
|---|---|
| Publisher: | Pantianos Classics |
| Publication date: | 03/17/2017 |
| Sold by: | Barnes & Noble |
| Format: | eBook |
| File size: | 1 MB |
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