Analytic Summary of The Wealth of Nations (eBook, ePUB) - Smith, Adam
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In The Wealth of Nations, Book IV: Of Systems of Political Economy, Adam Smith takes aim at the reigning economic ideologies of his time-mercantilism and agricultural absolutism-and delivers one of the most powerful manifestos for economic freedom ever written. With sharp wit and relentless logic, he exposes how mercantilist policies-prohibitions, bounties, tariffs, monopolies, and colonial systems-served narrow merchant interests while burdening the public with higher prices, waste, and endless wars. He then turns to the agricultural systems, particularly the French Physiocrats, recognizing…mehr

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Produktbeschreibung
In The Wealth of Nations, Book IV: Of Systems of Political Economy, Adam Smith takes aim at the reigning economic ideologies of his time-mercantilism and agricultural absolutism-and delivers one of the most powerful manifestos for economic freedom ever written. With sharp wit and relentless logic, he exposes how mercantilist policies-prohibitions, bounties, tariffs, monopolies, and colonial systems-served narrow merchant interests while burdening the public with higher prices, waste, and endless wars. He then turns to the agricultural systems, particularly the French Physiocrats, recognizing their insights but critiquing their narrow focus on land as the sole source of wealth. Against both doctrines, Smith advances his enduring principle of natural liberty, in which individuals, left free to pursue their own interests, direct labor and capital to their most productive uses, thereby enriching the entire nation. This book is not merely a critique; it is a bold vision of a world beyond restrictive systems, a call for free trade, competition, and prosperity that still resonates in every debate on globalization today.

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Autorenporträt
Adam Smith (1723-1790) was a Scottish economist, philosopher, and key figure of the Scottish Enlightenment, widely regarded as the "Father of Economics" and "Father of Capitalism." Educated at the University of Glasgow and Balliol College, Oxford, he became a professor of moral philosophy before publishing his groundbreaking works. His first major book, The Theory of Moral Sentiments (1759), explored human ethics, sympathy, and social behavior, while his most influential work, An Inquiry into the Nature and Causes of the Wealth of Nations (1776), laid the foundations of modern economic thought by introducing concepts such as the division of labor, free markets, and the "invisible hand." Smith's ideas profoundly shaped economic policy and philosophy, making him one of the most influential thinkers in history.