(Nearly) Forgotten Books: The Wealth Of Nations By Adam Smith
1197 sats \ 13 comments \ @TomK 30 Jul 2023 bitcoin
Wealth of Nations is a book by Adam Smith published in 1776, considered one of the most influential works in the history of economic thought and political philosophy. It is a treatise on political economy and a defense of laissez-faire economic ideas.
Here are some of the key points of The Wealth of Nations:
. The division of labor is the key to economic growth.
. Free trade benefits all countries involved.
. The government should play a limited role in the economy.
. The invisible hand of the market leads to the best allocation of resources.
The Wealth of Nations is a complex and challenging book, but it is also a rewarding one. It is a must-read for anyone who wants to understand he basic principles of economics and the free market system.
Here You can enter into Smith's thinking:
The invisible hand:
write
preview
related posts
10 sats \ 3 replies \ @siggy47 30 Jul 2023
I have read it twice, but most recently 25 years ago. I agree it is complicated, but for a native English reader I found it clear and much easier to follow than I expected from a book written more than 200 years ago. Good post. Thanks
reply
30 sats \ 2 replies \ @TomK OP 30 Jul 2023
Thank You. I downloaded a spanish version to profound my spanish that's horrible like my english. After my studies of Homer this will be part of my literature during my time at Crete. And a looooot of F. Nietzsche's unpublished stuff
reply
20 sats \ 1 reply \ @siggy47 30 Jul 2023
Your English is very good. As everyone knows we Americans can't handle more than one language, with a few exceptions
reply
0 sats \ 0 replies \ @TomK OP 30 Jul 2023
Aaaah nooooo. It's horrible. Now after some years in Spain the terrible German accent mixes itself with spanish pronounciation. Like a trilingual homunculus
reply
0 sats \ 0 replies \ @Bell_curve 9 Feb
Third world countries should read this book. Same goes for Europe and USA
reply
0 sats \ 1 reply \ @shado_op 15 Nov 2023
Thank you for posting this. Lots of public references to this book in education / media mis-represent Smith's view of how markets work, esp in reference to cartels and competition. I spent years mis-misunderstanding this work before I finally read it myself! Nice one!
reply
10 sats \ 0 replies \ @TomK OP 15 Nov 2023
What's left is a complete superficial interpretation of this great work and a reductiln to: the man who ''invented'' the theory of the ''invisible hand''.
reply
0 sats \ 1 reply \ @muteness11 31 Jul 2023
I remember studying it as part of the curriculum in uni. ... given it was imposed on me, I hated it .... although I remember it has value
reply
0 sats \ 0 replies \ @TomK OP 31 Jul 2023
I read it by myself because german academia is dominated by Keynesian bs. To get education You are left alone
reply
0 sats \ 3 replies \ @elvismercury 30 Jul 2023
In what universe can this book be claimed to be nearly-forgotten?
reply
10 sats \ 2 replies \ @TomK OP 30 Jul 2023
Do You know someone that really read it? That You can talk about? Someone You can talk about econ theory of the 18th and 19th century?? Gratulations my friend
reply
0 sats \ 1 reply \ @elvismercury 30 Jul 2023
Almost everyone who has an economics degree has read it, at least in abridgement, and many people with a passing interest in history or cultural studies. It would be hard to think of a more classic book in the social sciences.
reply
10 sats \ 0 replies \ @TomK OP 30 Jul 2023
I studied it, too. Noone, at least in german universities, reads this. It's all keynesian bs they teach. But good for You!
reply