{"product_id":"an-analysis-of-adam-smiths-the-wealth-of-nations-9781912302314","title":"An Analysis of Adam Smith's the Wealth of Nations","description":"\u003cp\u003e • Author(s): Collins John\u003cbr\u003e • Publisher: Macat Library\u003cbr\u003e • Publisher Imprint: Macat Library\u003cbr\u003e • BISAC: Economics - General\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eAdam Smith's 1776 Inquiry into The Nature and Causes of the\u003cem\u003e Wealth of Nations\u003c\/em\u003e - more often known simply as The Wealth of Nations - is one of the most important books in modern intellectual history.\u003c\/p\u003e\u003cp\u003eConsidered one of the fundamental works of classical economics, it is also a prime example of the enduring power of good reasoning, and the ability of reasoning to drive critical thinking forward. Adam Smith was attempting to answer two complex questions: where does a nation's wealth come from, and what can governments do to increase it most efficiently? At the time, perhaps the most widely accepted theory, mercantilism, argued that a nation's wealth was literally the amount of gold and silver it held in reserve. Smith, meanwhile, weighed the evidence and came to a different conclusion: a nation's wealth, he argued, lay in its ability to encourage economic activity, largely without government interference. \u003c\/p\u003e\u003cp\u003eUnderlying this radical redefinition was the revolutionary concept that powered Smith's reasoning and which continues to exert a vast influence on economic thought: the idea that markets are self-regulating. Pitting his arguments against those of his predecessors, Smith carefully and persuasively reasoned out a strong case for free markets that reshaped government economic policies in the 19th-century and continues to shape global prosperity today.\u003c\/p\u003e","brand":"Macat Library","offers":[{"title":"Hardcover","offer_id":47616451674263,"sku":"9781912302314","price":1660.0,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0666\/3471\/1191\/files\/9781912302314.webp?v=1775113484","url":"https:\/\/atlanticbooks.com\/products\/an-analysis-of-adam-smiths-the-wealth-of-nations-9781912302314","provider":"Atlantic Books","version":"1.0","type":"link"}