Books > Business & Economics > Economics > Economic theory & philosophy
|
Buy Now
An Inquiry into the Nature & Causes of the Wealth of Nations - Volumes 1 & 2 (Paperback, New)
Loot Price: R577
Discovery Miles 5 770
You Save: R40
(6%)
|
|
An Inquiry into the Nature & Causes of the Wealth of Nations - Volumes 1 & 2 (Paperback, New)
(sign in to rate)
List price R617
Loot Price R577
Discovery Miles 5 770
You Save R40 (6%)
Expected to ship within 12 - 17 working days
|
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. Criticising 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. Social and economic order arise from the natural desires
to better one's (and one's family's) lot and to gain the praise and
avoid the censure of one's neighbors and business associates.
Individuals behave decently and honestly because it gives them a
clear conscience as well as the good reputation necessary for
public approbation and sustained, profitable business relations.
General
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!
|
|
Email address subscribed successfully.
A activation email has been sent to you.
Please click the link in that email to activate your subscription.