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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

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Année de publication
2022
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Langue
Anglais
Auteurs
Adam Smith
Publié
2022
Format
souple
Pages
942
ISBN13
9789356567290
Séries
Première publication
1776
Titre original
An Inquiry into the Nature and Causes of the Wealth of Nations
Évaluation
4 sur 5
Description
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.