Written By Famous Adam Smith, Father of the free market philosophies as we know and use them today.
-Learn about the invisible hand and how it changes and modifies markets, economies and nations.
About The Book:
An Inquiry into the Nature and Causes of the Wealth of Nations is the magnum opus of the Scottish economist Adam Smith. It is a clearly written account of economics at the dawn of the Industrial Revolution, as well as a rhetorical piece written for the generally educated individual of the 18th century - advocating a free market economy as more productive and more beneficial to society.
The work is credited as a watershed in history and economics due to its comprehensive, largely accurate characterization of economic mechanisms that survive in modern economics; and also for its effective use of rhetorical technique, including structuring the work to contrast real world examples of free and fettered markets.
->Smith lists three causes, arising from division, of improved productivity:
* the laborer's dexterity - due to specializing, year-round, in a specific task
* time not wasted passing from one task to the next - as in agriculture - as well as the more consistent and focused effort when working in just one area
* the machines and tools that have evolved in conjunction with increasingly specialized labor.
This application is easy to navigate through chapters and pages. The content is easy to read by not straining the eyes. The option to change font size and style, as well as switch between black and white backgrounds, makes this the standard for electronic books.
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