eBook: The Wealth of Nations

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eBook Media Viewer Series #48

Title: An Inquiry into the Nature and Causes of the Wealth of Nations

Author: Adam Smith

Pages: 1264

Description:
Political economy had been studied long before Adam Smith. But "Wealth of Nations" established it for the first time as a separate science. Smith based his arguments on vast historical knowledge, and developed his principles with remarkable clarity. What set this work apart was its statement of the doctrine of natural liberty. Smith believed that mans self-interest is Gods providence - that if government abstained from interfering with free competition, the invisible hand of capitalism would emerge from the competing claims of individual self-interest. Industrial problems would be resolved and maximum efficiency reached. After more than two centuries, Smiths work still stands as the best statement and defence of the fundamental principles of capitalism.