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A Macat Analysis of The Wealth of Nations

Audiobook
1 of 1 copy available
1 of 1 copy available

200 years after it was written, Adam Smith published The Wealth of Nations, still debated by governments internationally. Smith argued that 'mercantilism'—the theory that the national economy exists solely to strengthen the government, thus the government should regulate the economy—was wrong. Protecting the state from invasion, upholding laws to protect individual freedom, and creating and maintaining public works and institutions that could or would not be undertaken on a smaller scale, he argues, are the sole justifications for government interference in society. And when people are free to pursue their own self-interest within a competitive free market, productivity increases.

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    • AudioFile Magazine
      Sean Barrett reads this eighteenth-century classic of economic philosophy in the manner of a genial expert who does not lecture so much as sit down with us over a glass of sherry to explain the workings of economics. He is soft-spoken; his speech admirably precise and pleasantly expressive. He finds plenty of opportunity in a dry subject to convey opinion, humor, or point of view by the modulation of his tone. The abridgment of this massive work is well done, giving a good sample of Smith's arguments. They are generally clear, but some of the sentences grow intricate and the arguments complex. This program will reward listeners familiar with Smith who are looking for a refresher, or those who pay careful attention. W.M. (c) AudioFile 2008, Portland, Maine

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  • English

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