| Title | : | An Inquiry into the Nature and Causes of the Wealth of Nations, Volume II |
| Author | : | |
| Rating | : | |
| ISBN | : | 0865970076 |
| ISBN-10 | : | 9780865970076 |
| Language | : | English |
| Format Type | : | Paperback |
| Number of Pages | : | 544 |
| Publication | : | First published January 1, 1776 |
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.
An Inquiry into the Nature and Causes of the Wealth of Nations, Volume II Reviews
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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. -
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. -
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. -
Brilliant, yet wordy by today's standards.
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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.
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used audiobook
