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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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Publicado en
2022
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Idioma
Inglés
Autores
Adam Smith
Publicado en
2022
Formato
Tapa blanda
Páginas
942
ISBN13
9789356567290
Serie
Primera publicación
1776
Título original
An Inquiry into the Nature and Causes of the Wealth of Nations
Calificación
4 de 5
Descripción
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.