An Inquiry into the Nature and Causes of the Wealth of Nations
- Author: Smith - Adam Smith - Adam - Richard F., III Teichgraeber - Richard F. Teichgraeber
- ISBN 10: 0394337719
- ISBN 13: 9780394337715
- Release: 1985-06-30
- Format: Paperback
- List Price: $22.65
- Tags: Business & Investing, Economics,
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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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