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The Invisible Hand of the Market: The Theory of Moral Sentiments + The Wealth of Nations
Adam Smith
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Sozialwissenschaften, Recht, Wirtschaft / Betriebswirtschaft
Description
In 'The Invisible Hand of the Market: The Theory of Moral Sentiments + The Wealth of Nations', Adam Smith brilliantly combines his two most famous works to provide a comprehensive exploration of economics and morality in society. Smith's literary style is both analytical and philosophical, reflecting the Enlightenment ideals of his time. The juxtaposition of 'The Theory of Moral Sentiments' and 'The Wealth of Nations' serves to highlight the interconnectedness of ethics and economics, with Smith arguing that self-interest can lead to positive outcomes for society as a whole. The book stands as a cornerstone of economic thought, emphasizing the importance of free markets and individual agency in fostering prosperity. Adam Smith, a Scottish economist and philosopher, was a key figure in the development of classical economics. His observations on human behavior and the workings of the market continue to influence economic theory to this day. Smith's background in moral philosophy informs his approach to economics, as he explores the ethical dimensions of economic decision-making. I highly recommend 'The Invisible Hand of the Market' to readers interested in understanding the foundational principles of modern economics. Smith's insightful analysis of markets and morality offers valuable insights into the invisible forces that shape our economic lives.
customer reviews
Intellectual history, Moral psychology, 18th-century economics, Economic ethics, Ethical capitalism, French Physiocrats influence, Capitalist theory, Scottish economist, Scottish Enlightenment philosophy, Market dynamics