{"product_id":"analysis-of-adam-smiths-the-wealth-of-nations","title":"Analysis of Adam Smith's The Wealth of Nations","description":"\u003cp\u003eAdam Smith’s 1776 Inquiry into The Nature and Causes of the Wealth of Nations– more often known simply as The Wealth of Nations – is one of the most important books in modern intellectual history.Considered 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. Underlying 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":"Taylor \u0026 Francis","offers":[{"title":"Default Title","offer_id":44521637478638,"sku":"9781912302314","price":33.59,"currency_code":"AUD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0630\/9612\/7726\/files\/9781912302314_634c5b92-1e77-4980-85af-65f762ab128b.jpg?v=1704786360","url":"https:\/\/bookland.com.au\/products\/analysis-of-adam-smiths-the-wealth-of-nations","provider":"Book Land AU","version":"1.0","type":"link"}