Adam Smith's masterpiece, first published in 1776, is the foundation of modern economic thought and remains the single most important account of the rise of, and the principles behind, modern capitalism. Written in clear and incisive prose, The Wealth of Nations articulates the concepts indispensable to an understanding of contemporary society; and Robert Reich's new Introduction for this edition both clarifies Smith's analyses and illuminates his overall relevance to the world in which we live. As Reich writes, "Smith's mind ranged over issues as fresh and topical today as they were in the late eighteenth century--jobs, wages, politics, government, trade, education, business, and ethics."
A New York Times Bestseller As P. J. O'Rourke says, 'It's as if Smith, having proved that we can all have more money, then went on to prove that money doesn't buy happiness. And it doesn't. It rents it.' Adam Smith's The Wealth of Nations was first published in 1776 and almost instantly was recognized as fundamental to an understanding of economics. It was also recognized as being really long and as P. J. O'Rourke points out, to understand The Wealth of Nations, the cornerstone of free-market thinking and a book that shapes the world to this day, you also need to peruse Smith's earlier doorstopper,The Theory of Moral Sentiments. But now you don't have to read either, because P. J. has done it for you. In this hilarious work P. J. shows us why Smith is still relevant, why what seems obvious now was once revolutionary, and how the division of labour, freedom of trade and pursuit of self-interest espoused by Smith are not only vital to the welfare of mankind, they're funny too. He goes on to establish that far from being an avatar of capitalism, Smith was actually a moralist of liberty. As P. J. says, 'It's as if Smith, having proved that we can all have more money, then went on to prove that money doesn't buy happiness. And it doesn't. It rents it.'
This critical bibliography of Adam Smith takes as its starting point the Kress Library of Business and Economics’ 1939 catalogue of its Vanderblue Collection of Smithiana. Since the bicentenary of The Wealth of Nations in 1976, the rate of international publication markedly accelerated, significantly extending the scope of this bibliography beyond 1939. Its scope has been further enlarged via the inclusion of essays on the diffusion process while the inclusion of all works in the chronological main bibliography gives an overview of the scope of this process. The notes appended to the entries provide a running commentary to the gathering pace of publication and the entries are organised chronologically with systematic annotation throughout.
"What The Double Helix did for biology, David Warsh's Knowledge and the Wealth of Nations does for economics." —Boston Globe A stimulating and inviting tour of modern economics centered on the story of one of its most important breakthroughs. In 1980, the twenty-four-year-old graduate student Paul Romer tackled one of the oldest puzzles in economics. Eight years later he solved it. This book tells the story of what has come to be called the new growth theory: the paradox identified by Adam Smith more than two hundred years earlier, its disappearance and occasional resurfacing in the nineteenth century, the development of new technical tools in the twentieth century, and finally the student who could see further than his teachers. Fascinating in its own right, new growth theory helps to explain dominant first-mover firms like IBM or Microsoft, underscores the value of intellectual property, and provides essential advice to those concerned with the expansion of the economy. Like James Gleick's Chaos or Brian Greene's The Elegant Universe, this revealing book takes us to the frontlines of scientific research; not since Robert Heilbroner's classic work The Worldly Philosophers have we had as attractive a glimpse of the essential science of economics.
Translations and Receptions of The Wealth of Nations
Author: Cheng-chung Lai
Publisher: Clarendon Press
The materials collected in this volume all concern the translations of and receptions to Adam Smith's The Wealth of Nations in ten non-English-speaking countries. The Wealth of Nations provides the perfect basis for studying the international transmission of economic ideas as it is generally considered to be the foundation of modern political economy, and still continues to be read after more than two centuries. Its appeal crosses national, cultural, and ideological boundaries -- countries investigated here range from China to Sweden -- and its enduring popularity is indicated by its status as the most translated economics book in history. Adam Smith Across Nations includes numerous sections which will of invaluable assistance to any Smith researcher. As well as presenting reviews and analysis from each country from the 18th century to the present day, an appendix lists editions of The Wealth of Nations in 18 languages, enabling the reader to understand the speed and number of translations. Most importantly, an introductory overview synthesises current research on the economic ideological context in the individual countries when The Wealth of Nations was introduced, the motives behind its introduction, its immediate reception, and the nature of the objections to Smith's doctrines. Professor Lai concludes that Smith's impact outside English-speaking country was predominantly limited to the realm of ideas: few of his policy recommendations were put into practice.
Fifteen philosophers representuing different schools of thought answer the question what is Woody Allen trying to say in his films? And why should anyone care? Focusing on different works and varied aspects of Allen's multifaceted output, these essays explore the philosophical undertones of Anne Hall, Crimes and Misdemeanors, Manhattan, A Midsummer Night's Sex Comedy and reminds us that just because the universe is meaningless and life is pointless is no reason to commit suicide.
Adam Smith's masterpiece, first published in 1776, is the foundation of modern economic thought and remains the single most important account of the rise of, and the principles behind, modern capitalism. Written in clear and incisive prose, The Wealth of Nations articulates the concepts indispensable to an understanding of contemporary society.
1. 1 Introduction This book was born out of our reaction to the way in which the usual texts cover the subject of the history of economic thought. In most of these texts, there is a tendency to emphasize the similarities and differences between all the important economists and form a repository of encyclopedic knowledge where one can study the seemingly important economic ideas. In this book, we argue that it is much more fruitful to focus on the essential ideas of each and every school of economic thought and relate them to present-day problems, than to engage into a sterile discussion of the ideas and the lives of the great economists of the past. Thus, although this book deals with the history of economic thought, it does not necessarily follow a historic (in the sense of the order of presentation) approach, but rather a logical one, that is to say it deals with the social conditions associated with the emergence of a school of economic thought, its evolution, and its contemporary in?uence. One cannot write a book on the history of economic thought without writing separate chapters on the major economists of the past, that is, Adam Smith, David Ricardo, Karl Marx, and J. M. Keynes. Of course these economists formed schools of economic thought, that is, the classical and the Keynesian.