From the outstanding collection of one of the most sought out and respected series ever published by Encyclopedia Britannica'. This is the 1st edition. 1952. This lovely copy is leather bound and smyth sewn with striped head and tail bands The lettering on the spine is gilted. Condition: Very good for age. (see all images). Has a minor scratch on the back cover, and on front (not very visible) and naturally slightly indented on the base of the spine (image 3) where it sat on a shelf for the last 72 years. Edited with the advice of The University of Chicago. 684g,17x24x2.5cm
Delve into the origins of modern economic thought and gain insights into the principles that continue to shape economies and societies worldwide. This is considered one of the foundational works in the field of economics, laying down key principles and concepts that have shaped economic theory and policy for centuries.
Smith's book introduced the concept of the invisible hand, which describes how self-interested behavior can lead to positive economic outcomes for society as a whole. This idea remains central to understanding free-market capitalism.
Smith's analysis of the division of labor highlighted its role in increasing productivity and efficiency, influencing industrial practices and management theories. The Wealth of Nations has influenced governments and policymakers globally, contributing to the development of economic policies such as free trade, deregulation, and the importance of competition.
Beyond economics, Smith's ideas have influenced disciplines such as sociology, political science, and philosophy, making his work relevant across various academic fields.
