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The Wealth of Nations Paperback – October 5, 2012
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"Adam Smith's enormous authority resides, in the end, in the same property that we discover in Marx: not in any ideology, but in an effort to see to the bottom of things."
--Robert L. Heilbroner
From the Trade Paperback edition.
About the Author
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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Top customer reviews
It was a pleasant surprise to find that people living in 18th century would approach the questions about human society, labour and formation of prices of goods not on political or emotional basis but trying to find out "how things work" in fact.
Previously I was of the opinion that economists are people that are not to be taken seriously and so was , I thought Adam Smith himself (my judgement was based on some "citations" from him that I had read).
Now it seems to me I was wrong - may be he had asked himself the simple questions that everybody dares to ask himself in a given period of his/her life. Except that everybody, gives up searching for the answers to these questions and accepts the meaningless explanation: what we see happenning in human society, happens in this way because this is how it should happen. Or because of .. the raise of the prices on the market, for example. (Obviously prices are something like a natural natural phenomena - raise of the tempratures in the northern hemisphere , humidity in the air,...) After several "explanations" of this kind , one gives up - it is immpossible to find out what is going on in society because this is the purpose. The less people know, the better for ... for everyone who can take advantage out of this.
For 90% (well this is my evaluation) of the people what is going on with money and prices is a mystery. At the same time they are forced to participate in this "game" and participate in some stupid manner. Then a game that is played in a stupid manner and played by players, unwilling to play it (at least for 90% of them this is just a burden) will come to a crush eventually. It seems it is inevitable that there will always be crises every 30-40 years.
I do not know whether Adam Smith is correct in his explanations but I think he is absolutely correct that one must search the reason for the processes that take place in society.