Book Review: The Wealth of Nations by Adam Smith

Book Review: The Wealth of Nations by Adam Smith

by 50Minutes (Author)
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It can be hard for busy professionals to find the time to read the latest books. Stay up to date in a fraction of the time with this concise guide.

The Wealth of Nations
is one of the most significant works in economics history, and is a foundational text of classical economics. Written at a time when the Industrial Revolution was changing the face of Western societies, the book seeks to explain why some countries are wealthier than others and how a fair, productive society can be created. In particular, Smith's advocacy of division of labour, free trade and free markets, with equilibrium guaranteed by the so-called "invisible hand of the market", proved extremely influential in the UK and USA and shaped our modern economic system. The work is still widely studied today, and remains one of the most cited texts in the social sciences.

This book review and analysis is perfect for: 

oStudents of economic theory and the history of economics
oAnyone who wants to gain a greater understanding of classical economics
oAnyone who is curious about why some countries are wealthier than others

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The Book Review series from the 50Minutes collection is aimed at anyone who is looking to learn from experts in their field without spending hours reading endless pages of information. Our reviews present a concise summary of the main points of each book, as well as providing context, different perspectives and concrete examples to illustrate the key concepts.

Book Details

Publication Date
April 03, 2019
Publisher
Collection
Page count
64
ISBN
9782808017664