48 pages • 1 hour read
Adam SmithThe Wealth of Nations. The Theory of Moral Sentiments
Nonfiction | Book | Adult | Published in 1776A modern alternative to SparkNotes and CliffsNotes, SuperSummary offers high-quality Study Guides with detailed chapter summaries and analysis of major themes, characters, and more.
Before You Read
Super Short Summary
In The Wealth of Nations, Adam Smith analyzes the sources of a nation's wealth, advocating for a laissez-faire economic system and critiquing mercantilism. He introduces concepts like gross domestic product, the division of labor, and the efficiency of markets. The book is divided into five sections, each addressing different economic theories and historical contexts, culminating in a discussion on necessary governance costs and taxation.
Reviews & Readership
Review Roundup
Adam Smith's The Wealth of Nations is lauded for its profound impact on economic theory, introducing foundational concepts like the division of labor and the invisible hand. Critics praise its historical significance and comprehensive analysis. However, some note its dense, lengthy prose and occasional outdated viewpoints. Despite this, its relevance to economics remains unchallenged.
Who Should Read The Wealth Of Nations?
A reader who would enjoy Adam Smith's The Wealth of Nations is likely interested in economics, history, and the development of capitalist theory. They might also appreciate Thomas Piketty's Capital in the Twenty-First Century and Karl Marx's Das Kapital for their comprehensive analyses of economic systems.