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The Wealth of Nations

The Wealth of Nations( )
Author: Smith, Adam
Smith, Adam
Editor: Cannan, Edwin
Series title:Modern Library Ser.
ISBN:978-0-679-42473-4
Publication Date:Jan 1994
Publisher:Random House Publishing Group
Imprint:Modern Library
Book Format:Hardback
List Price:USD $26.95
Book Description:

First published in 1776, The Wealth of Nations is generally regarded as the foundation of contemporary economic thought. Adam Smith, a Scottish professor of moral philosophy, expounded the then-revolutionary doctrine of economic liberalism. The book's importance was immediately recognized by Smith's peers, and later economists have shown an unusual consensus in their admiration for his ideas.  Combining economics, political theory, history, philosophy, and...
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Book Details
Pages:1200
Detailed Subjects: Business & Economics / Economics / General
Physical Dimensions (W X L X H):5.304 x 8.19 x 2.028 Inches
Book Weight:2.464 Pounds
Author Biography
Smith, Adam (Author)
Adam Smith was one of the foremost philosophers and personalities of the eighteenth century. As a moral philosopher, Smith was concerned with the observation and rationalization of behavior. His encyclopedic description and insightful analysis of life and commerce in English society established him as an economist at a time when economics was not a recognized discipline. Today he is recognized as the father of the classical school of economics that included Thomas Malthus, David Ricardo, and John Stuart Mill. Smith's major work, The Wealth of Nations (1776), was the single most important economics treatise to appear up to that time. Although significant works on economics preceded it, it was truly the first of its kind.

Smith was born in Kirkcaldy, on the east coast of Scotland. He enrolled at Glasgow University a the age of 14. After graduating from Glasgow in 1740, he traveled 400 miles on horseback to study at Oxford University. Oxford at that time was not the citadel of learning that it became in later years. As a result, Smith provided much of his own instruction while enjoying the vast resources of Oxford's library. Such independent work was not without peril; he was almost expelled when school officials found a copy of David Hume's Treatise of Human Nature in his possession. Aside from the lack of instruction, Smith was unhappy on a personal level. He was unpopular with the English students, as were all Scots at the time, and he suffered varying degrees of harassment. He also developed a nervous tic, a shaking of the head, that remained with him for the rest of his life. Oxford did little for Smith while he was there, and it ignored him long after he became famous. When Smith received an honorary doctorate in 1762, it was from Glasgow University. In 1746 Smith returned to Scotland and proceeded to give a series of public lectures in Edinburgh. These were followed by an appointment at Glasgow University. Smith was a popular teacher at Glasgow, despite h

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