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The Wealth of Nations: An Inquiry into the Nature and Causes
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Bibliographic Detail
Publisher Modern Library
Publication date December 1, 1993
Binding Hardcover
Book category Adult Non-Fiction
ISBN-13 9780679424734
ISBN-10 0679424733
Dimensions 1.75 by 5.90 by 8.25 in.
Weight 2.40 lbs.
Original list price $26.95
Summaries and Reviews
The classic eighteenth-century treatise on the principles of political economics description: Product Description:

First published in 1776, The Wealth of Nations is generally regarded as the foundation of contemporary economic thought. Adam Smith, a Scottish professor of moral philosophy, expounded the then-revolutionary doctrine of economic liberalism. The book’s importance was immediately recognized by Smith’s peers, and later economists have shown an unusual consensus in their admiration for his ideas. 

Combining economics, political theory, history, philosophy, and practical programs, Smith assumes that human self-interest is the basic psychological drive behind economics and that a natural order in the universe makes all the individual, self-interested strivings add up to the social good. His conclusion, that the best program is to leave the economic process alone and that government is useful only as an agent to preserve order and to perform routine functions, is now known as laissez-faire economics or noninterventionism. 

In noting for the first time the significance of the division of labor and by stating the hypothesis that a commodity’s value correlates to its labor input, Smith anticipated the writings of Karl Marx. Like Marx’s Das Capital and Machiavelli’s The Prince, his great book marked the dawning of a new historical epoch. 

Book cover for 9780679424734
The price comparison is for this edition
from Modern Library (December 1, 1993)
9780679424734 | details & prices | 5.90 × 8.25 × 1.75 in. | 2.40 lbs | List price $26.95
About: The classic eighteenth-century treatise on the principles of political economics
Book cover for 9781484940662
from Createspace Independent Pub (May 10, 2013)
9781484940662 | details & prices | 320 pages | 6.00 × 9.00 × 0.73 in. | List price $12.99
About: The Wealth of Nations - An Inquiry into the Nature and Causes by Adam Smith.

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