{"product_id":"the-wealth-of-nations-9780679424734","title":"The Wealth of Nations","description":"\u003cp\u003eFirst published in 1776, \u003ci\u003eThe Wealth of Nations \u003c\/i\u003eis generally regarded as the foundation of contemporary economic thought. Adam Smith, a Scottish professor of moral philosophy, expounded the then-revolutionary doctrine of economic liberalism. The book's importance was immediately recognized by Smith's peers, and later economists have shown an unusual consensus in their admiration for his ideas. \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e Combining economics, political theory, history, philosophy, and practical programs, Smith assumes that human self-interest is the basic psychological drive behind economics and that a natural order in the universe makes all the individual, self-interested strivings add up to the social good. His conclusion, that the best program is to leave the economic process alone and that government is useful only as an agent to preserve order and to perform routine functions, is now known as laissez-faire economics or noninterventionism. \u003cp\u003e\u003c\/p\u003e In noting for the first time the significance of the division of labor and by stating the hypothesis that a commodity's value correlates to its labor input, Smith anticipated the writings of Karl Marx. Like Marx's \u003ci\u003eDas Capital\u003c\/i\u003e and Machiavelli's \u003ci\u003eThe Prince, \u003c\/i\u003e his great book marked the dawning of a new historical epoch. \u003cbr\u003e \u003cp\u003e\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eBinding Type:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Modern Library\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 01\/25\/1994\u003cbr\u003e\u003cb\u003eISBN:\u003c\/b\u003e 9780679424734\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 1200\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 2.42lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 8.00h x 6.00w x 2.00d","brand":"Adam Smith","offers":[{"title":"Default Title","offer_id":38470822789301,"sku":"9780679424734","price":29.75,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0473\/0804\/6492\/products\/img_d63d0145-fd87-4493-8ca8-352f4186a02f.jpg?v=1612927240","url":"https:\/\/pastforward.org\/products\/the-wealth-of-nations-9780679424734","provider":"Past Forward","version":"1.0","type":"link"}