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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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Erscheinungsdatum
2022
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Sprache
Englisch
Autor*innen
Adam Smith
Erscheinungsdatum
2022
Einband
Paperback
Seitenzahl
942
ISBN13
9789356567290
Reihe
Erstveröffentlichung
1776
Originaltitel
An Inquiry into the Nature and Causes of the Wealth of Nations
Bewertung
4 von 5 Sternen
Beschreibung
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.