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.
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Adam Smith was born in a small village in Kirkcaldy, Scotland in 1723. He entered the University of Glasgow at age fourteen, and later attended Balliol College at Oxford. After lecturing for a period, he held several teaching positions at Glasgow University. His greatest achievement was writing The Wealth of Nations (1776), a five-book series that sought to expose the true causes of prosperity, and installed him as the father of contemporary economic thought. He died in Edinburgh on July 19, 1790.
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Zustand: Gut. Reprint from 1976. VIII, 543 / VII, -1080 Seiten / p. Aus der Bibliothek von Prof. Wolfgang Haase, langjährigem Herausgeber der ANRW und des International Journal of the Classical Tradition (IJCT) / From the library of Prof. Wolfgang Haase, long-time editor of ANRW and the International Journal of the Classical Tradition (IJCT). - Buchrücken lichtbedingt ausgeblichen, ansonsten sehr guter Zustand / Spine light faded, otherwise very good condition - General Introduction -- Scope and Method -- Although it would be extravagant to claim that Adam Smith was the L last of the great polymaths, it is nonetheless true that he wrote on a remarkable range of subjects including as it does economics and history; law and government; language and the arts, not to mention essays on astronomy, ancient logics and metaphysics. Indeed, the latter group of essays, apparently written in the 1750s, although not published until 1795, moved J. A. Schumpeter to remark that 'Nobody, I venture to say, can have an adequate idea of Smith's intellectual stature who does not know these essays' and to describe that on astronomy as the 'pearl of the collection'. -- The Astronomy is especially valuable as an exercise in 'philosophical history'; a form of enquiry in which Smith was particularly interested, and which, in this case, led him to examine the first formation and subsequent development of those astronomical theories which had culminated in the work of Newton. But at the same time, the essay was designed to illustrate the principles which lead and direct philosophical enquiries. The essay was thus concerned with the question of motivation, and as such may tell us a good deal about Smith's own drives as a thinker, contri-b uting in this way to our understanding of the form which his other works in fact assumed. ISBN 9780865970083 Sprache: Englisch Gewicht in Gramm: 1845 15,5 x 7,6 x 23,1 cm, Broschiert / Paperback. Artikel-Nr. 1194898
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