Words of Change Series -- Adam Smith: the wealth of nations -- "In 1776, Adam Smith published 'The Wealth of Nations," a treatise that would forever change our understanding of how work, value, and money are inter-related. This program details Smith's life and traces the impact of his work as Europe began the arduous transition from mercantilism to the laissez-faire philosophy of the Physiocrats. After Smith, labor was seen as the source of a country's wealth, not its stores of gold or silver. Ironically, 'The Wealth of Nations' would both inspire Karl Marx's socialist ideas and facilitate the rise of liberalism, upon which capitalist economies of subsequent centuries would be built. Quotes from 'The Wealth of Nations' are woven into the narrative, including the famous passage describing how and "invisible hand" guides individuals towards the common good." (19 min., color) --Cover
Summary:
Details Smith's life and traces the impact of The wealth of nations as Europe began the arduous transition from mercantilism to the laissez-faire philosophy of the Physiocrats. Quotes from The wealth of nations are woven into the narrative, including the famous passage describing how an "invisible hand" guides individuals towards the common good.
Series:
Words of change
Locations:
PNAX964 -- Northeast Iowa Community College Library - Calmar (Calmar)
This resource is supported by the Institute of Museum and Library Services under the provisions of the Library Services and Technology Act as administered by State Library of Iowa.