Details
PUBLISHED
[United States] : Blackstone Publishing, 2011
Made available through hoopla
Made available through hoopla
EDITION
Unabridged
DESCRIPTION
1 online resource (1 audio file (35hr., 13 min.)) : digital
ISBN/ISSN
9781538595794 MWT10078337, 1538595796 10078337
LANGUAGE
English
NOTES
Read by Michael Edwards
First published in 1776, this work is the classic statement of economic liberalism or the policy of laissez-faire. Several fundamental principles or "axioms" were introduced in this work, including the division of labor, supply and demand, and free market capitalism as some of the most obvious. Smith's political economy is primarily individualistic: self-interest is the incentive for economic action. However, he shows that universal pursuit of self-interest contributes to the public interest, a concept probably best encapsulated by John F. Kennedy when he remarked, "a rising tide raises all boats."
Mode of access: World Wide Web