The Wealth Of Nations, Books 1 3 by Adam Smith
An Inquiry into the Nature and Causes of the Wealth of Nations
A systematic analysis of how division of labor increases productivity and fosters market exchange, explaining the origins of value, natural prices, wages, profits and rent; an account of how capital is accumulated and apportioned between productive and unproductive uses, including distinctions between fixed and circulating capital and the role of saving in promoting growth; and a historical and institutional discussion of how different nations progress economically, critiquing mercantilist restrictions and highlighting trade, markets and supportive institutions as drivers of national prosperity.
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- Published
- 1776
- Nationality
- Scottish
- Length
- Unknown
- Pages
- Unknown
- Original Language
- English
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- Alternate Titles
- - An Inquiry into the Nature and Causes of the Wealth of Nations
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