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The Wealth of Nations

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The Wealth of Nations

The Wealth of Nations - Thryft
The Wealth of Nations - Thryft
The Wealth of Nations - Thryft
The Wealth of Nations - Thryft
The Wealth of Nations - Thryft

Economic growth through division of labour explained.

The Wealth of Nations could be a good read for someone interested in economic theory and the foundations of capitalism. It offers insight into the concept of division of labour and its impact on economic growth. However, it also delves into the social consequences of unregulated business enterprise and the benefits of economically unproductive labour. Overall, it provides a nuanced understanding of the complex relationships between economics, society, and progress.

Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.

The Wealth of Nations

ISBN: *0140400125
Publisher: Penguin Books
Related Collections: Economics

Description

Author: Adam Smith
Publisher: Penguin Books
Condition: Soft Cover, Well Read, Foxing and scuffs on the front and back cover


By pin-pointing the 'division of labour' as a major explanation of economic growth, Adam Smith laid the foundations of economic theory in general and of 'classical' economics in particular. But Andrew Skinner shows in his introduction to this edition that the real sophistication of The Wealth of Nations lies less in its overall picture of a vast analytical system - a capitalist economy - in which all the parts can be seen simultaneously interacting with each other. Moreover, he stresses that Smith's view of society was mot a merely economic one, and that The Wealth of Nations is for from being an apologia for unregulated business enterprise: Smith was at pains to show that economic advance can have undesirable social consequences, and that labour which is economically unproductive can be beneficial to society at large.

 

Economic growth through division of labour explained.

The Wealth of Nations could be a good read for someone interested in economic theory and the foundations of capitalism. It offers insight into the concept of division of labour and its impact on economic growth. However, it also delves into the social consequences of unregulated business enterprise and the benefits of economically unproductive labour. Overall, it provides a nuanced understanding of the complex relationships between economics, society, and progress.

Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.

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