The Wealth of Nations
Material type:
TextPublication details: [New York] Blackstone Audiobooks 1989Description: 35 HRSISBN: - 9781441745354
- 330.153 SMI
| Item type | Current library | Call number | Status | Barcode | |
|---|---|---|---|---|---|
Audio Book
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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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