The Wealth of Nations | |
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Author | Adam Smith |
Year Published | 1776 |
Language | English |
An Inquiry into the Nature and Causes of the Wealth of Nations, known by its shorter name The Wealth of Nations, is a classic book written by Adam Smith about capitalism. First published in 1776, this multi-volume work remains very relevant today as it discusses the many advantages of the world's best economic system.
It is considered to be his magnum opus, and was influential with many Founding Fathers including Benjamin Franklin and George Washington.[1]
The historian Henry Thomas Buckle has the idea that the two principal works of Smith, the Theory of Moral Sentiments and the Wealth of Nations, are mutually complementary parts of one great scheme, in which human nature is intended to be dealt with as a whole - the former exhibiting the operation of the benevolent feelings, the latter of what, by a singular nomenclature, inadmissible since Butler wrote, he calls "the passion of selfishness." In each division the motive contemplated is regarded as acting singly, without any interference of the opposite principle.[2]
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