The Wealth of Nations: Books 1-3 (Penguin Classics) (Bks.1-3)

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The Wealth of Nations: Books 1-3 (Penguin Classics) (Bks.1-3)
by Adam Smith
from Penguin Classics

Customer Reviews:

• Avg. Customer Rating: 4.0 / 5.0

• Economics
  This book is so widely cited and interpreted contrary to the author's original thought, that every economist should read it completely to avoid being misled by such incorrect interpretations.
  First, let us take the "invisible hand" metaphor. When I have studied economy in the University, I was taught that almost the entire book is devoted to the "invisible hand" which means "self-corrective markets", "liberalism", "Laissez-faire" and "state non-intervention". After reading this book, I have found out... more info

• Excellent synopsis of wealth of nations
  The first three "books" (the term for "chapters" in Smith's age) of the Wealth of Nations are the most important of the book. The introductory essay by the Smithologist Skinner also provides great insight into the book per se, Adam Smith and how Wealth of Nations fits into Smith's other works. This is despite the fact that it is only about 70 pages long. THis essay is much more enlightening than many books on either Smith or the Wealth of Nations. The price of the book is worth that essay alone.

• Foundation stone of Economics
  "The market price of every particular commodity is regulated
  by the proportion between the quantity which is actually
  brought to market, and the demand of those who are willing
  to pay the natural price of the commodity."
  [The Wealth of Nations]
  Not easiest book to read, nor shortest one. But it deserves attention of serious student of Economics. It constitutes the baseline from which all modern Economics theories developed. Kind regards, Mario.

• An interesting, but hard read
  The Wealth of Nations handles a lot of economical phenomena in a concrete but sometimes complex way. On one hand the book is filled with ideas, some convincing, some out-dated, some fundamental to the current believe in free-markets. These ideas are combined with appealing (or appalling) examples of the injustice done to people by disturbing the free-market. On the other hand however, I find that certain sections of the book require a lot of concentration. The book is an interesting, but slow and at times... more info

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