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This 2005 book traces the history of economic thought from its prehistory to the present day.
The remarkable documentary collections of the Hoover Institution Archives are for the first time showcased for the reading public, in the form of a large-format book of illustrations and accompanying text.
Karen McCreadie’s brilliant interpretation of Adam Smith’s The Wealth of Nations, one of the most influential political economy books of all time, illustrates the principles of Smith’s philosophy with modern examples to enable 21st century businesses and governments to manage their money and ours.
The remarkable documentary collections of the Hoover Institution Archives are for the first time showcased for the reading public, in the form of a large-format book of illustrations and accompanying text.
Invisible Hand: The Wealth of Adam Smith covers the main events in the life of this brilliant theorist, and explores the intellectual propositions of the founder of modern economics.A useful introductory tool for everyone interested in the history and evolution of ideas, this book shows that Smith was as much a moral philosopher as an economist. His works, The Wealth of Nations and The Theory of Moral Sentiments, complement each other.Adam Smith built the basis for a sound tradition of thought that defends freedom and common sense. He explored and developed ideas that are as valid and valuable today as they were when he wrote them..Andris Marroqumn has a B.A. in Economics (Summa Cum Laude) from Universidad Francisco Marroqumn in Guatemala. His personal web site is at http: //www.andresmarroquin.com
Adam 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.

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