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Adam Smith : An Inquiry into the Nature and Causes of the Wealth of Nations
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Author: Adam Smith
Title: An Inquiry into the Nature and Causes of the Wealth of Nations
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Published in: English
Binding: Hardcover
Pages: 1117
Date: 1998-02
ISBN: 0895263645
Publisher: Regnery Publishing, Inc.
Edition: 1st
Amazon prices:
$28.74used
$39.95new
Wishlists:
2gliptak (USA: FL), myronwood (USA: IL).
Description: Product Description
[Runs 36 hours on 29 CDs]

[Read by Michael Edwards]

First published in 1776, this work is the classic statement of economic liberalism or the policy of laissez-faire. 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.''
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