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The Wealth of Nations

By Adam Smith & Mint Editions
The Wealth of Nations by Adam Smith & Mint Editions digital book - Fable

Publisher Description

A foundational work of capitalism that irrevocably shaped the study of economics, An Inquiry into the Nature and Causes of the Wealth of Nations (1776), often shortened to The Wealth of Nations, lays out Scottish economist Adam Smith’s analysis on how and why nations build and keep wealth.

It is one of the first works that established a system of political economy, or the study of economic conditions with regard to the surrounding political structure. Within the work, Smith defines many key terms that are still essential to economic understanding to this day, including: division of labor, productivity, free markets, rational self-interest and, most famously, the metaphor of the “invisible hand” regulating the market through interlocking self-interest. Despite being keenly interested in moral philosophy, Smith was a practical man. A clear example of this practicality is his stance towards slavery and the slave trade, which he denounces not on moral grounds, but because he believes paid labor will always be more efficient than slavery. While the world’s understanding of wealth, labor, and equality have changed significantly since its writing, The Wealth of Nations continues to underpi

Since our inception in 2020, Mint Editions has kept sustainability and innovation at the forefront of our mission. Each and every Mint Edition title gets a fresh, professionally typeset manuscript and a dazzling new cover, all while maintaining the integrity of the original book.

With thousands of titles in our collection, we aim to spotlight diverse public domain works to help them find modern audiences. Mint Editions celebrates a breadth of literary works, curated from both canonical and overlooked classics from writers around the globe.

n world economics, and its model of competition will most likely guide economic policy for the foreseeable future.

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About Adam Smith

Adam Smith (1723 – 1790) was a Scottish economist and philosopher, key figure of the Scottish Enlightenment, and pioneer in the field of political economy. His father being a successful comptroller and his mother an educated woman, Smith was all but destined to scholarship of some sort. As a young man, Smith studied social philosophy at the University of Glasgow and the University of Oxford and delivered public lectures after graduation that were met with much acclaim. Pivoting from moral philosophy, Smith took aim at the prevailing economic theory of mercantilism and suggested a free-market alternative, laying the groundwork for the capitalist economic system still in place today. Within his works he developed concepts such as the division of labor and the belief that rational self-interest and competition would propel nations to economic prosperity. His legacy lives on to this day, with many regarding him as “the father of economics” and “the father of capitalism.” In literature, his influence can be seen most clearly in books like Atlas Shrugged (1957), whose author Ayn Rand relied heavily on the pedestalization of those figured who characterized the rational self-interest so central to Smith’s belief.

Other books by Adam Smith

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