Read The Wealth of Nations, Books 4-5 by Adam Smith Free Online
Book Title: The Wealth of Nations, Books 4-5|
Date of issue: October 7th 1999
ISBN 13: 9780140436150
The author of the book: Adam Smith
Format files: PDF
The size of the: 313 KB
Edition: Penguin Classics
Read full description of the books The Wealth of Nations, Books 4-5:It is in Books IV and V of The Wealth of Nations that Adam Smith offers his considered response to the French Physiocrats, perhaps the first great school of economic theorists, and assesses the nature of the mercantile system, particularly the coloniaL relationship with America, whose achievements could have been even more spectacular if conditions of free trade and economic union had existed. Even on the eve of the Declaration of Independence, Smith famously predicted that America "will be one of the foremost nations of the world." It is also here that he develops the case for a limited state role in economic planning, notably to combat market failure and induce efficiency in areas such as education, public works, justice, and defense. His pioneering analysis still provides many subtle and penetrating insights into one of today's most vital and controversial policy debates.
Read information about the authorAlthough the exact date of Smith's birth is unknown, his baptism was recorded on 16 June 1723 at Kirkcaldy.
A Scottish moral philosopher and a pioneer of political economy. One of the key figures of the Scottish Enlightenment, Smith is the author of The Theory of Moral Sentiments and An Inquiry into the Nature and Causes of the Wealth of Nations. The latter, usually abbreviated as The Wealth of Nations, is considered his magnum opus and the first modern work of economics. Adam Smith is widely cited as the father of modern economics.
For other authors of this name, see Adam Smith
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