#OnThisDay in 1776, economist and moral philosopher Adam Smith published his magnum opus, The Wealth of Nations. Smith's ideas–the importance of free markets, assembly-line production methods, and gross domestic product (GDP)–formed the basis for theories of classical economics. It is the most enduring work of the Scottish Enlightenment, still studied today. #HistoryGetsLIT
Multitasking in the car. Not my favorite read. 🧐
There were some interesting tidbits about the colonization of the Americas. One was the native agricultural products were not “esteemed” by the English or Europeans. How ironic given the corn & potato & tomato production and consumption in the modern world. I read elsewhere China is the largest consumer of potatoes, followed by India & US. 😲
Look what I picked up! #blackfriday #bookapparel #lithographs I‘m not overly a fan of Adam Smith, but I love the design!!
so-soFor me this is a so-so. It got tedious for me with the chapters going into extreme detail about the prices of goods in different countries in different times. The first half of the book was more interesting and contained some still-relevant passages.
Adam Smith points out the dangers of letting the men whose income is derived from profits run the show. Still relevant.
Trending today in #SerialReader - Adam Smith‘s landmark work from the dawn of the Industrial Revolution exploring how an open economy may be able to regulate itself. A dense work at times, but splitting it into 20-minute issues makes it a little easier to digest!
“It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest. We address ourselves, not to their humanity, but to their self-love, and never talk to them of our own necessities, but of their advantage.”
