One of the books that will stretch your understanding of the world!
1 December, 2013
I have been planning to read this monumental classic for a while now. I ordered the Bantam Classics version which is unabridged and contains all the 5 books.
The Wealth of Nations is a HUGE book - 1200 pages for this version. First published in 1776 this book is as old as the founding of the United States of America! Reflect on that for a second.
Now it might be as old as the US but surprisingly it is more relevant today than anytime before in the history when people's wages are not rising in lockstep with the increase in productivity.
Adam Smith defined capitalism and it's fundamentals when capitalism wasn't even a word!
Many people think of Adam Smith as a cold-hearted, anti-working class devil who celebrated greed and selfishness. Nothing can be further from the truth. Greed and selfishness are as different from self-interest as day and night.
Many of his principles have made their way into the modern society. It is popular knowledge that America's founding fathers were great fans of Smith's work.
A must read for students, economists, politicians, modern thinkers, bankers, teachers and almost anyone who is intellectually inclined.
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