The Wealth Of Nations: 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 the following 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, and Book V. Of the Revenue of the Sovereign or Commonwealth; which taken together form a giant leap forward in the field of economics. A product of the "Age of Enlightenment", "The Wealth of Nations" is a must read 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.

The Crisis of European Democracy - New York Times


New York Times

The Crisis of European Democracy
New York Times
As Adam Smith (often seen simplistically as the first guru of free-market economics) wrote in “The Wealth of Nations,” there are “two distinct objects” of an economy: “first, to provide a plentiful revenue or subsistence for the people, or, ...

and more »

The Primal Ache - Boston Review


The Primal Ache
Boston Review
The author of The Wealth of Nations regarded human beings as creatures of appraisal and ambition. Smith believed that whether we are busy trading gossip or exchanging goods, we are constantly sizing up the world around us in order to guarantee our ...

The Perfection of the Paper Clip - Slate Magazine


The Perfection of the Paper Clip
Slate Magazine
The first chapter of Adam Smith's The Wealth of Nations features a passage describing the manner in which the manufacture of iron pins took advantage of the division of labor, with one man drawing the iron wire, another straightening it, ...

Vail Daily columnist Butch Mazzuca: Waiting game with health care - Vail Daily News


Vail Daily columnist Butch Mazzuca: Waiting game with health care
Vail Daily News
This concept can be traced back to distinguished American sociologist and National Medal of Science winner Robert K. Merton, although Adam Smith, of “The Wealth of Nations” fame, first made reference to this concept back in the 18th century.

We paid a high price for false remedies for inequality - Bermuda Sun


We paid a high price for false remedies for inequality
Bermuda Sun
WEDNESDAY, MAY 23: In 1776, Adam Smith in one of the most important books ever written, “The Wealth of Nations”. One notable quotation reads: “Little else is requisite to carry a state to the highest degree of opulence from the lowest barbarism but ...

Why nations fail - BusinessWorld Online Edition


Why nations fail
BusinessWorld Online Edition
It's a bold, ambitious book, as ambitious as say, Guns, Germs and Steel by Jared Diamond, The Origins of Political Order by Francis Fukuyama, and The Wealth of Nations by Adam Smith. It looks at the entire sweep of human history and distills from it ...

The Purpose of Spectacular Wealth, According to a Spectacularly Wealthy Guy - New York Times (blog)


New York Times (blog)

The Purpose of Spectacular Wealth, According to a Spectacularly Wealthy Guy
New York Times (blog)
At its core, Conard's book addresses what is perhaps the most important question in economics, the one Adam Smith set out to answer in “The Wealth of Nations”: Why do some countries grow so rich and others stay poor? Where you come down on the answer ...

and more »

Letters: Adam Smith's Way - New York Times


Letters: Adam Smith's Way
New York Times
... trading loss: The bank's chief executive, Jamie Dimon, and other opponents of bank regulation are contradicting Adam Smith, the founder of free-market economic philosophy, who in “The Wealth of Nations” advocated rigorous oversight of banks.

Michael Lipper: how to play the US energy revolution - Citywire.co.uk


Michael Lipper: how to play the US energy revolution
Citywire.co.uk
I suggest that when facing today's economic problems we consider a still more important event that occurred in 1776, the publication of Adam Smith's The Wealth of Nations. Not to be confused with the very insightful contemporary author and television ...

and more »

Big Maconomics: How McDonald's Explains the World - The Atlantic


Slate Magazine

Big Maconomics: How McDonald's Explains the World
The Atlantic
It's also a tool for economists to measure the wealth of nations. The Big Mac is a triumph of technology. For thousands of years, families devoted the majority of their lives to food. Their waking hours were spent growing and harvesting crops, ...
Big Macs Are A Great Tool To Help Economists Measure The Wealth Of Nations Business Insider

all 5 news articles »