An Inquiry into the Nature and Causes of the Wealth of Nations

• Author: Adam Smith
• ISBN 10: 0080276318
• ISBN 13: 9780080276311
• Release: July 1, 1981
• Format: Hardcover
• List Price: Unknown
• More Details

  Tags: Business & Investing, Economics, International,

  Book Description:
  [Runs 36 hours on 29 CDs][Read by Michael Edwards] First published in 1776, this work is the classic statement of economic liberalism or the policy of laissez-faire. Several fundamental principles or ''axioms'' were introduced in this work, including the division of labor, supply-and-demand, and free market capitalism as some of the most obvious. Smith's political economy is primarily individualistic: self-interest is the incentive for economic action. However, he shows that universal pursuit of self-interest contributes to the public interest, a concept probably best encapsulated by John F. Kennedy when he remarked, ''a rising tide raises all boats.''

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