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An Inquiry into the Nature and Causes of the Wealth of Nations, Volume II

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First published in 1776, the year in which the American Revolution officially began, Smith’s Wealth of Nations sparked a revolution of its own. In it Smith analyzes the major elements of political economy, from market pricing and the division of labor to monetary, tax, trade, and other government policies that affect economic behavior. Throughout he offers seminal argu First published in 1776, the year in which the American Revolution officially began, Smith’s Wealth of Nations sparked a revolution of its own. In it Smith analyzes the major elements of political economy, from market pricing and the division of labor to monetary, tax, trade, and other government policies that affect economic behavior. Throughout he offers seminal arguments for free trade, free markets, and limited government. Criticizing mercantilists who sought to use the state to increase their nations’ supply of precious metals, Smith points out that a nation’s wealth should be measured by the well-being of its people. Prosperity in turn requires voluntary exchange of goods in a peaceful, well-ordered market. How to establish and maintain such markets? For Smith the answer lay in man’s social instincts, which government may encourage by upholding social standards of decency, honesty, and virtue, but which government undermines when it unduly interferes with the intrinsically private functions of production and exchange.


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First published in 1776, the year in which the American Revolution officially began, Smith’s Wealth of Nations sparked a revolution of its own. In it Smith analyzes the major elements of political economy, from market pricing and the division of labor to monetary, tax, trade, and other government policies that affect economic behavior. Throughout he offers seminal argu First published in 1776, the year in which the American Revolution officially began, Smith’s Wealth of Nations sparked a revolution of its own. In it Smith analyzes the major elements of political economy, from market pricing and the division of labor to monetary, tax, trade, and other government policies that affect economic behavior. Throughout he offers seminal arguments for free trade, free markets, and limited government. Criticizing mercantilists who sought to use the state to increase their nations’ supply of precious metals, Smith points out that a nation’s wealth should be measured by the well-being of its people. Prosperity in turn requires voluntary exchange of goods in a peaceful, well-ordered market. How to establish and maintain such markets? For Smith the answer lay in man’s social instincts, which government may encourage by upholding social standards of decency, honesty, and virtue, but which government undermines when it unduly interferes with the intrinsically private functions of production and exchange.

30 review for An Inquiry into the Nature and Causes of the Wealth of Nations, Volume II

  1. 5 out of 5

    Guy

    These books need to be read by people concerned about the economic paths society has taken. Actually reading Smith is to learn that his ideas are being abused by current economic ideologues who cite him as a model while ignoring all the issues Smith was strongly against and those that do not suit free-market ideology. Smith would be appalled at current monetary policy, for example, and he believed that unions were the only way that people had a chance in the labour market to withstand the economi These books need to be read by people concerned about the economic paths society has taken. Actually reading Smith is to learn that his ideas are being abused by current economic ideologues who cite him as a model while ignoring all the issues Smith was strongly against and those that do not suit free-market ideology. Smith would be appalled at current monetary policy, for example, and he believed that unions were the only way that people had a chance in the labour market to withstand the economic might of those who employ labour and wish to do so with as little pay as possible.

  2. 4 out of 5

    FractalHealing

    Read it to vet the deception in rhetoric:- The Wealth of Nations almost sparked a revolution in its time 1776. Adam Smith is considered the father of modern economics. I read this book for researching economics which started merely as an art, and is now a cryptic science ,the very foundation of "business". Book is artfully written. it is a weaving of words to cast a spell . This book was supposed to be an intellectual attempt to appeal people's sense of morality , communal harmony etc to get the Read it to vet the deception in rhetoric:- The Wealth of Nations almost sparked a revolution in its time 1776. Adam Smith is considered the father of modern economics. I read this book for researching economics which started merely as an art, and is now a cryptic science ,the very foundation of "business". Book is artfully written. it is a weaving of words to cast a spell . This book was supposed to be an intellectual attempt to appeal people's sense of morality , communal harmony etc to get the to move from self sufficiency (of growing their own food) to mass production environments. One of several attempts made by various prominent public figures to re engineer society. In these these works he seduces the reader by discussing the appropriate roles of government, namely defense, justice, the creation and maintenance of public works that contribute to commerce, education, the maintenance of the “dignity of the sovereign" These executive arms ought to be funded by "fair and clear" taxation.

  3. 5 out of 5

    Bisher Tarazi

    This is a very valuable book for me, the most attractive thing for me was on how you can measure the value of any country, it's not only by gold or liquidity, it's by the imports and exports plus the national productivity and GDP. In the book, the author consists that people were born with the mentality of trade and exchange for good, but when the humanity started to have countries and governments, things started to change to see the role of each part of them, gouverments role is only to make sur This is a very valuable book for me, the most attractive thing for me was on how you can measure the value of any country, it's not only by gold or liquidity, it's by the imports and exports plus the national productivity and GDP. In the book, the author consists that people were born with the mentality of trade and exchange for good, but when the humanity started to have countries and governments, things started to change to see the role of each part of them, gouverments role is only to make sure that all is going good with the regulation without a direct effect by its side, it can't be a huge part of the economy. Another point the author talked about is how to measure the value of anything in our life ( usable or transferable ) plus how we should divide the work by putting the specialist in their own roles in the best time to get the best results.

  4. 5 out of 5

    Le Tai

    Highly competitive in its economic ideas. Rated 4 stars since some of the discussions are not directly relevant to the modern world. But otherwise very insightful to it's own time. Highly competitive in its economic ideas. Rated 4 stars since some of the discussions are not directly relevant to the modern world. But otherwise very insightful to it's own time.

  5. 4 out of 5

    Matthew McCready

    Brilliant, yet wordy by today's standards. Brilliant, yet wordy by today's standards.

  6. 5 out of 5

    Samiur

    Many great economists of today write with a flair of sensationalism for show-business. Hence, I personally regard Keynes, Hayek, Marx, and Smith as economists who've offered future generations with the most prized economic theories and solutions, much of which continue to form the underlying basis and platform for current economists' thought-leadership. Many great economists of today write with a flair of sensationalism for show-business. Hence, I personally regard Keynes, Hayek, Marx, and Smith as economists who've offered future generations with the most prized economic theories and solutions, much of which continue to form the underlying basis and platform for current economists' thought-leadership.

  7. 4 out of 5

    Liberté

  8. 4 out of 5

    Bigyan Bhandari

  9. 4 out of 5

    Katie Hunt

  10. 5 out of 5

    Yaren

  11. 4 out of 5

    Salim

  12. 4 out of 5

    Roberta Ka

  13. 5 out of 5

    Ugur

  14. 4 out of 5

    AJ Calhoun

  15. 4 out of 5

    Bryan Seaford

  16. 4 out of 5

    Ip

  17. 5 out of 5

    Sereyrath Chea

  18. 5 out of 5

    Enkitol

  19. 5 out of 5

    Stephanie

  20. 4 out of 5

    Kevin Fulton

  21. 4 out of 5

    Ross

  22. 5 out of 5

    C SMITH

  23. 4 out of 5

    Jerrod

  24. 5 out of 5

    Brian Johnson

  25. 4 out of 5

    Valentin

  26. 4 out of 5

    Ryan Griffiths

  27. 4 out of 5

    John

  28. 5 out of 5

    CaraB

  29. 5 out of 5

    James Haughey

  30. 5 out of 5

    Adi

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