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Book Summary
About the Book: The Originals : The Wealth of Nations
Scottish political economist and philosopher Adam Smith (17231790) is
considered the father of modern economics. His influential book, The Wealth of
Nations, is the first great work in political economy. In it, Smith argues
against regulations on commerce and calls for a limited role of the government.
The market economy is to be kept open and free if nation are to prosper, and the
governments core functions must be to maintain law and order, defence, build
infrastructure, and promote education. Smith is critical of government control,
but not an advocate of laissez-faire. He believes that the
About the Book: The Originals : The Wealth of Nations
Scottish political economist and philosopher Adam Smith (17231790) is
considered the father of modern economics. His influential book, The Wealth of
Nations, is the first great work in political economy. In it, Smith argues
against regulations on commerce and calls for a limited role of the government.
The market economy is to be kept open and free if nation are to prosper, and the
governments core functions must be to maintain law and order, defence, build
infrastructure, and promote education. Smith is critical of government control,
but not an advocate of laissez-faire. He believes that the