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An Inquiry Into the Nature and Causes of the Wealth of Nations

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The book explores the transition from mercantilism to a free market economy, emphasizing the importance of the "invisible hand" in promoting economic growth. Adam Smith argues that the division of labor fosters interdependence among individuals, leading to a system where personal profit motives ultimately benefit society as a whole. By illustrating how specialized trades create dependencies, the work highlights the potential for increased wealth through mutual exchange and the production of goods and services that individuals cannot make on their own.

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An Inquiry Into the Nature and Causes of the Wealth of Nations, Adam Smith

Taal
Jaar van publicatie
2022
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Taal
Engels
Auteurs
Adam Smith
Jaar van publicatie
2022
Formaat
Paperback
Aantal pagina's
942
ISBN13
9789356567290
Reeks
Eerste editie
1776
Oorspronkelijke titel
An Inquiry into the Nature and Causes of the Wealth of Nations
Beoordeling
4 van 5
Aantekening
The book explores the transition from mercantilism to a free market economy, emphasizing the importance of the "invisible hand" in promoting economic growth. Adam Smith argues that the division of labor fosters interdependence among individuals, leading to a system where personal profit motives ultimately benefit society as a whole. By illustrating how specialized trades create dependencies, the work highlights the potential for increased wealth through mutual exchange and the production of goods and services that individuals cannot make on their own.