Now a review of this specific edition: The font is quite small which makes it hard to read. This is especially a consideration for a page book.
Kindle Edition Verified Purchase. I have read Wealth of Nations a couple of times and decided to download a copy to my phone so I can have it on hand always. Saying that, I still feel if you want to know how we the middle class got in such a financial quandary nowadays, I say go back to the best tutorial ever written, so far.
Adam Smith's insight into the business man's mind is as point on today as it was in the 's. He warned us then, what is happening now; fiat money, collusion, government favoritism, etc. Problem is, people would have to pick up a book and read about the darker side of the business world and the effect it has on the 'consumer', 'citizen', and 'environment'.
An Inquiry into the Nature and Causes of the Wealth of Nations
As Smith says, "I have never known much good done by those who affected to trade for the public good. Mass Market Paperback Verified Purchase. The Wealth of Nations by Adam Smith is truly an epic classic in our time.
- Devil Without a Cause (Devils Bargain);
- The Wealth of Nations by Adam Smith.
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Especially in the part that he discusses Silver, etc. Some of the ideas are ones that we've become very familiar with in our modern lives, not only in the field of economics, but also in politics, religion, law, and finance. Particularly interesting were his thesis on "Division of Labor" page 15 , rules of market place based on self interest page , description of banking crisis page , free trade page , with the famous "invisible hand" , property rights page , description of Founding Fathers in US page , free market principle page , rule of law page , , role of government page , human nature and incentives page , freedom of religion page , progressive tax system page , government debt page , currency devaluation page Rules of the market place, rule of law, property rights, freedom of religion comes to mind.
I would recommend it to anyone who has the will and time to peruse this superb volume. This book, written in s, is outdated and appropriately so.
The Wealth of Nations
The use of the language can be arcane at times, the examples likewise. At times I could read a passage over ad nausium, yet it would be vex me all the same. And it verbosity is compared to modern standards, on another level. However, as you read you it will begin to be revealed why it has received so much approbation. It covers many of the topics that are, nowadays, considered fundamental constitutes of classical economics, and indeed many news books are probably much better suited for teaching about basic economics, but as relic of the past and for its tremendous influence i give it five stars.
One person found this helpful 2 people found this helpful. It's Wealth of Nations. There's nothing to critique about the book in this paltry review that all shed worthwhile light on the text itself that hasn't been more intelligently and fully examined over the last few hundred years by thousands of economists and thinkers around the world. Most of these free Kindle books leave a lot to be desired and this is no different. Since it wasn't translated we don't have to argue over the quality of the interpretation, however it is a dense tome and I find these require a little more navigation for full digestion.
A lot of flipping back and forth, checking out the index, notes, table of contents, previous chapters, etc. And all of this is a bit challenging to do on the Kindle. Nevertheless, the text seems to fine. So if you want to casually explore the thoughts of Smith on a less than ideal platform, here you go. As a scholar, I'd prefer a hard copy. This text by Adam Smith summarizes capitalism in it's purest sense. How markets move, why they move, and thought experiments on how variables affect the outcomes.
It's famous for a reason. It's a bit hard to get through in some parts, but this is a good version of the text for students. Pick it up and let your life be changed. This is a must read for anyone interested in the creation of wealth. This revision had me spellbound taking me on a time warp trip with his research into a historical past before the time of writing. I could happily re-read from page one, just to be sure no small morsel was overlooked.
One person found this helpful. One star only because the book was received damaged. The front page was torn at the spine - most of the way.
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Hussy on the Wool Exportation Bill. The new principles of government founded on the abolition of the old feudal system were originally propagated among us by the Dean of Gloucester, Mr. Tucker , and had since been more generally inculcated by Dr. Smith in his work on the Wealth of Nations , which had been recommended as a book necessary for the information of youth by Mr. Stewart, to which allusion had been made, no doctrines inimical to the principles of civil government, the morals or religion of mankind, were contained, and therefore to trace the errors of the French to these causes was manifestly fallacious".
Sir John Mitford , the Solicitor-General , said on 22 December in speaking on cross-bills a bill of exchange given in consideration of another bill that Smith "in his Wealth of Nations, explains the nature and pernicious consequences of this practice with his usual perspicuity and philosophical accuracy". There was hardly any kind of property on which the law did not impose some restraints and regulations with regard to the sale of them, except that of provisions.
This was probably done on the principles laid down by a celebrated and able writer, Doctor Adam Smith, who had maintained that every thing ought to be left to its own level. He knew something of that Gentleman, whose heart he knew was as sound as his head; and he was sure that had he lived to this day and beheld the novel state of wretchedness to which the country was now reduced — a state, which as the like had never occurred before, could never have entered into his mind; that Great Man would have reason to blush for some of the doctrines he had laid down.
He would now have abundant opportunities of observing that all those artificial means of enhancing the price of provisions, which he had considered as no way mischievous, were practised at this time to a most alarming extent. He would see the Farmer keeping up his produce while the poor were labouring under all the miseries of want, and he would see Forestallers, Regraters, and all kinds of Middle-men making large profits upon it.
Lord Grenville replied that "he must remind him, that so far from there having been any difference in the state of the Country when that great man lived, and the present times, his book was first published at a period, previous to which there had been two or three seasons of great dearth and distress; and during those seasons there were speculators without number, who raised an unfounded and unjust clamour against Forestallers and Regraters, and who proposed that a certain price should be fixed on every article: In The Times argued against war with Spain: They come in this way to support our manufactures, to encourage industry, to feed our poor, to pay taxes, to reward ingenuity, to diffuse riches among all classes of people.
But for the full understanding of this beneficial circulation of wealth, we must refer to Dr. Adam Smith's incomparable Treatise on the Wealth of Nations". The Radical MP Richard Cobden as a young man studied The Wealth of Nations ; his copy is still in the library of his home at Dunford House and there are lively marginal notes on the places where Smith condemns British colonial policy.
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There are none on the passage about the invisible hand. On 13 October Cobden quoted accurately Smith's protest against the "plain violation of the most sacred property" of every man derived from his labour. When The Times claimed the political economists were against Cobden on this, Cobden wrote on 16 October Petersburg to Moscow, but actually to cover the deficit brought about by its war against Hungary, Cobden said on 18 January: Cobden said that if Bright had been as plain-speaking as Smith, "how he would have been branded as an incendiary and Socialist".
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You will find just the same authority in Adam Smith for the one as for the other; and if it were only taken up as it must be taken up to succeed, not as a political, revolutionary, Radical, Chartist notion, but taken up on politico-economic grounds, the agitation would be certain to succeed". The Liberal historian Lord Acton believed that The Wealth of Nations gave a "scientific backbone to liberal sentiment"  and that it was the "classic English philosophy of history".
James Madison , in a speech given in Congress on 2 February , cited The Wealth of Nations in opposing a national bank: This effect was inevitable.
It was admitted by the most enlightened patrons of banks, particularly by Smith on the Wealth of Nations". George Stigler attributes to Smith "the most important substantive proposition in all of economics" and foundation of resource-allocation theory. It is that, under competition, owners of resources labour, land, and capital will use them most profitably, resulting in an equal rate of return in equilibrium for all uses adjusted for apparent differences arising from such factors as training, trust, hardship, and unemployment. Paul Samuelson finds in Smith's pluralist use of supply and demand —as applied to wages, rents, and profit—a valid and valuable anticipation of the general equilibrium modelling of Walras a century later.
Moreover, Smith's allowance for wage increases in the short and intermediate term from capital accumulation and invention added a realism missed later by Malthus, Ricardo, and Marx in their propounding a rigid subsistence-wage theory of labour supply. Ronald Coase suggests that if Smith's earlier proposal of granting colonies representation in the British parliament proportional to their contributions to public revenues had been followed, "there would have been no , … America would now be ruling England, and we [in America] would be today celebrating Adam Smith not simply as the author of the Wealth of Nations , but hailing him as a founding father.
Mark Blaug argues that it was Smith's achievement to shift the burden of proof against those maintaining that the pursuit of self-interest does not achieve social good. Notes "First Modern library edition Other Form Online version Smith, Adam, Inquiry into the nature and causes of the wealth of nations. View online Borrow Buy. Set up My libraries How do I set up "My libraries"? These 16 locations in All: Australian National University Library. Open to the public.
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Department of Agriculture and Water Resources Library. May not be open to the public Flinders University Central Library. Open to the public ; La Trobe University Library. Borchardt Library, Melbourne Bundoora Campus. Open to the public Boer War Contingent Memorial Library. Not open to the public Held. Coffs Harbour Education Campus Library. University of Sydney Library. Open to the public Book; Illustrated English Show 0 more libraries These 2 locations in Australian Capital Territory: These 6 locations in New South Wales: