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The Wealth of Nations

By: Material type: TextTextPublication details: [New York] Blackstone Audiobooks 1989Description: 35 HRSISBN:
  • 9781441745354
Subject(s): DDC classification:
  • 330.153 SMI
Summary: 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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Item type Current library Call number Status Barcode
Audio Book Audio Book UONGOZI Institute Resources Centre - Dodoma 330.153 SMI (Browse shelf(Opens below)) Available URD001630

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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