The Wealth of Nations
- Author Adam Smith
- Narrator Michael Edwards
- Publisher Craig Black
- Publish Date 6 December 2010
- Run Time 35 hours and 13 minutes
- Format Audio
- Genre Capitalism, Economic theory and philosophy, Economics.
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What to expect
First published in 1776, this work is the classic statement of economic liberalism or the policy of laissez-faire and is widely considered on of the hundred greatest books of all time. Several fundamental principles or “axioms” were introduced in this work, including the division of labor, supply and demand, and free market capitalism as some of the most obvious. Smith’s political economy is primarily individualistic: self-interest is the incentive for economic action. However, he shows that universal pursuit of self-interest contributes to the public interest, a concept probably best encapsulated by John F. Kennedy when he remarked, “a rising tide raises all boats.”
Critics Review
u201cSimply the best book on political economy ever written. It is a genuine u2018breakthroughu2019 book whose magisterial scope and synthesis have not been surpassed.u201d
n“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.”
u201cThe Wealth of Nations is no defender of u2018greed is goodu2019 economics; the authoru2019s humanity and benevolence tint every page.u201d
“Edwards enunciates with unusual clarity, which helps with a book published in 1776.”
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