Synopses & Reviews
The foundation for all modern economic thought and political economy, The Wealth of Nations
is the magnum opus of Scottish economist Adam Smith, who introduces the world to the very idea of economics and capitalism in the modern sense of the words. Smith details his argument in five books:
Book I. Of the Causes of Improvement in the Productive Power of Labour
Book II. Of the Nature, Accumulation, and Employment of Stock Introduction
Book III. Of the Different Progress of Opulence in Different Nations
Book IV. Of Systems of Political Economy
Book V. Of the Revenue of the Sovereign or Commonwealth
Taken together, these books form a giant leap forward in the field of economics. A product of the "Age of Enlightenment," The Wealth of Nations is a must for all who wish to gain a better understanding of the principles upon which all modern capitalistic economies have been founded and the process of wealth creation that is engendered by those principles.
"Adam Smith's enormous authority resides, in the end, in the same property that we discover in Marx: not in any ideology, but in an effort to see to the bottom of things." ---Robert L. Heilbroner
Adam Smith's masterpiece, first published in 1776, is the foundation of modern economic thought and remains the single most important account of the rise of, and the principles behind, modern capitalism.
About the Author
Adam Smith (1723-1790) was a Scottish philosopher who is best known for his book The Wealth of Nations, which had a profound influence on modern economics and concepts of individual freedom. He was a professor of logic at Glasgow University, as well as the chair of moral philosophy. His lectures covered the field of ethics, rhetoric, jurisprudence, and political economy. In 1759, he published his Theory of Moral Sentiments, which embodies some of his Glasgow lectures. In 1776, he published The Wealth of Nations, which covered such concepts as the role of self-interest, the division of labor, the function of markets, and the international implications of a laissez-faire economy. Smith is most often recognized for the expression "the invisible hand," which he used to demonstrate how self-interest guides the most efficient use of resources in a nation's economy, with public welfare coming as a by-product. With acting credits that span stage and screen, Gildart Jackson is most often recognized for his role as Gideon on Charmed. Other notable TV roles include Jackson Palmer on Providence and Simon Prentiss on General Hospital, as well as guest appearances on Stargate: Atlantis, Las Vegas, and CSI. Theater roles include Trigorin in The Seagull, Henry Higgins in My Fair Lady, and Adrian in Private Eyes at the Old Globe.