"The Wealth of a Nation" Adam Smith (Economics)ebook Cd

 Who is Adam Smith?

Adam Smith FRSE (baptized June 5, 1723 O.S. / June 16 N.S. – July 17, 1790) was a Scottish moral philosopher and a pioneering political economist. He is a major contributor to the modern perception of free market economics. One of the key figures of the intellectual movement known as the Scottish Enlightenment, he is known primarily as the author of two treatises: The Theory of Moral Sentiments (1759), and An Inquiry into the Nature and Causes of the Wealth of Nations (1776). The latter was one of the earliest attempts to systematically study the historical development of industry and commerce in Europe, as well as a sustained attack on the doctrines of mercantilism. Smith's work helped to build the foundation of the modern academic discipline of free market economics and provided one of the best-known intellectual rationales for free trade, capitalism, and libertarianism.

Adam Smith was best known for his "laissez-faire" economic theory that denounced guilds in 18th century Europe. Smith believed in the right to influence your own economic progress freely, without the puppet strings of guilds and/or the state. His theory caught on in proto-Industrialization Europe, and changed much of Europe into a free trade domain, allowing the emergence of the entrepreneur. He is also known as "The Father of Economics"