Summary

The foundation for all modern economic thought and political economy, The Wealth of Nations is the magnum opus of Scottish economist Adam Smith, who introduces the world to the very idea of economics and capitalism in the modern sense of the words. Smith details his argument in five books:


Book I. Of the Causes of Improvement in the Productive Power of Labour
Book II. Of the Nature, Accumulation, and Employment of Stock Introduction
Book III. Of the Different Progress of Opulence in Different Nations
Book IV. Of Systems of Political Economy
Book V. Of the Revenue of the Sovereign or Commonwealth
Taken together, these books form a giant leap forward in the field of economics. A product of the "Age of Enlightenment," The Wealth of Nations is a must for all who wish to gain a better understanding of the principles upon which all modern capitalistic economies have been founded and the process of wealth creation that is engendered by those principles.
Public Domain (P)2010 Tantor
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Customer Reviews

Most Helpful
4 out of 5 stars
By Anonymous User on 06-07-17

Good but pace yourself

Really enjoyed this book and pretty much every sentence is interesting but it can be heavy and draining.

Also, seriously, brush up on how much guineas and shillings are worth otherwise a lot of the analogies will be lost. I got very confused when he starts comparing how many guineas are paid per bushel of wheat compared to how many florins per hogs head of ale.

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12 of 13 people found this review helpful

5 out of 5 stars
By Modestas on 15-01-18

Economic development

Quite long book, I listened for a months, but it was worth it. the book helps develop your economic understanding.

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5 of 5 people found this review helpful

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Customer Reviews

Most Helpful
5 out of 5 stars
By Monte on 12-03-12

Amazingly accessible

Would you recommend this audiobook to a friend? If so, why?

Absolutely. I had thought the Smith had anticipated much of our current understanding of the way markets function. Instead, he had all of the fundamentals figured out. I was fearing that it would be quite obscure in topic and language, but found it pleasantly accessible, if perhaps a bit long.

As as reading the classics, I would definitely recommend this.

Who was your favorite character and why?

The market.

What about Gildart Jackson’s performance did you like?

It fit the material.

If you were to make a film of this book, what would be the tag line be?

The Way Your World Works

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27 of 27 people found this review helpful

4 out of 5 stars
By CHET YARBROUGH on 20-01-15

ADAM SMITH

“The Wealth of Nations” is often referred to but rarely read or listened to in the 21st century. Thirty Six hours of an audio book is punishing. However, one is surprised by Adam Smith’s prescient understanding of the value of freedom and his appreciation of American and British conflict over American’ colonization. “The Wealth of Nations” is not only about economics. It is about politics as an essential ingredient of economics.

Visiting “The Wealth of Nations” is a worthwhile journey into history. One wonders–Is there a 21st century Adam Smith in America’s future or is he/she pottering around Asia, Europe, the Middle East, or Africa and not yet recognized? Is there an alternative to free market capitalism that insures freedom and offers prosperity?

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20 of 20 people found this review helpful

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