The Wealth of Nations by Adam Smith

The Wealth of Nations by Adam Smith

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The Wealth of Nations by Adam Smith

The Wealth of Nations, is the magnum opus of the Scottish economist and moral philosopher Adam Smith. First published in 1776, the book offers one of the world's first collected descriptions of what builds nations' wealth, and is today a fundamental work in classical economics. By reflecting upon the economics at the beginning of the Industrial Revolution, the book touches upon such broad topics as the division of labour, productivity, and free markets.

The Wealth of Nations is considered to be the most important substantive proposition in all of economics and a foundation of resource-allocation theory. It is that, under competition, owners of resources (labour, land, and capital) will use them most profitably, resulting in an equal rate of return in equilibrium for all uses. With more than 36,000 scholarly citations, Smith's work is the second most cited book in the social sciences published before 1950, behind Karl Marx's Das Kapital.

This case laminate collector's edition includes a Victorian inspired dust-jacket.

SKU Unavailable
ISBN 13 9781774761946
ISBN 10 1774761947
Title The Wealth of Nations
Author Adam Smith
Condition Unavailable
Publisher Engage Books
Year published 2021-02-02
Number of pages 840
Cover note Book picture is for illustrative purposes only, actual binding, cover or edition may vary.