The Wealth of Nations(Illustrated and Bundled with An Essay on the Principle of Population) by Adam Smith

The Wealth of Nations(Illustrated and Bundled with An Essay on the Principle of Population)

byAdam Smith, Thomas Robert Malthus

Kobo ebook | September 7, 2014

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The book has an active table of contents for easy access to each chapter of the following titles:

1) The Wealth of Nations – Adam Smith

2) An Essay on the Principle of Population – Thomas Malthus

The Wealth of Nations was published in 1776 by Adam Smith and it is one of the most important economic works in economic history since the date. What set Adam Smith’s work apart was the follows:

1) He believed in that self-interest is God's providence

2) He believed in that if government is away from interfering with free competition, the invisible hand of capitalism will emerge from the competing claims of individual self-interest

3) He believed in that free market problems will be resolved and maximum efficiency will be reached

Smith’s reasoning still remains as relevant today as it was then.   This book is one of the most important ones about the deepest thoughts of capitalism and free market by Adam Smith, one of the greatest thinkers of political economics on the planet.

Thomas Robert Malthus was ten years old when Smith published The Wealth of Nations and he is most influential for his book An Essay on the Principle of Population. Where Smith saw a society benefiting from economic growth driven by specialization and free markets, Malthus had a contrary view.

Thomas Malthus (1776-1834) took Adam Smith’s work The Wealth of Nations as a starting point to build his population theory from an economic perspective. However, Malthus Population Theory contradicts the Smith’s theory regarding the supply and demand and considers that they will never counterbalance each other because the accumulation of capital will not allow it. In his book An Essay on the Principle of Population Malthus predicted that the power of population growth would outstrip the ability of agriculture to provide enough food for the expanding population.

 

The ideas of Smith and Malthus still define the greatest challenge for our globalization today. Can capitalism continue to chase growth as an economic idea without exceeding the carrying capacity of the planet without triggering the ultimate Malthusian catastrophe?

After more than two centuries, the work by Smith and Malthus still stands as the best statement and defense of the fundamental principles of capitalism. The book is already read more than two hundred years and it will still be read for another century due to its truths.

 

 

Title:The Wealth of Nations(Illustrated and Bundled with An Essay on the Principle of Population)Format:Kobo ebookPublished:September 7, 2014Publisher:AS TeamLanguage:English

The following ISBNs are associated with this title:

ISBN:9990045723150

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