The Invisible Hand

Informationen zum Autor Adam Smith Klappentext Adam Smith (1723 - 1790) was born in Glasgow and after being educated in Glasgow and Oxford, he held a number of academic posts before becoming tutor to the young Duke of Buccleuch. This post took him to France where he began writing his political treatise, The Wealth of Nations . Zusammenfassung Adam Smith's landmark treatise on the free market paved the way for modern capitalism, arguing that competition is the engine of a productive society, and that self-interest will eventually come to enrich the whole community, as if by an 'invisible hand'.

Auteur

Adam Smith

Texte du rabat

Adam Smith (1723 - 1790) was born in Glasgow and after being educated in Glasgow and Oxford, he held a number of academic posts before becoming tutor to the young Duke of Buccleuch. This post took him to France where he began writing his political treatise, The Wealth of Nations.

Résumé
Adam Smith's landmark treatise on the free market paved the way for modern capitalism, arguing that competition is the engine of a productive society, and that self-interest will eventually come to enrich the whole community, as if by an 'invisible hand'.