States that economic exploitation, through the monopoly trade of empire, stifled wealth-creation in both home and foreign lands. This book suggests that protectionism preserved the status quo, and privileged a few elites at the expense of long run growth.
The Wealth of Nations is a treasured classic of political economy. First published in March of 1776, Adam Smith wrote the book to influence a special audience - the British Parliament - and its arguments in the early spring of that year pressed for peace and cooperation with Bri…
Overview: But, as Andrew Skinner reveals in his introduction to this edition, the real sophistication of The Wealth of Nations lies less in individual areas of economic analysis than in its overall picture of a vast analytical system-a capitalist economy-in which all the parts c…