Smith in 60 Minutes

Great Thinkers in 60 Minutes

Business & Finance, Economics
Cover of the book Smith in 60 Minutes by Walther Ziegler, Books on Demand
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Walther Ziegler ISBN: 9783741230059
Publisher: Books on Demand Publication: July 19, 2016
Imprint: Language: English
Author: Walther Ziegler
ISBN: 9783741230059
Publisher: Books on Demand
Publication: July 19, 2016
Imprint:
Language: English
It was, of all people, to a Scottish philosopher of morality that there fell the role of intellectual forefather of capitalism. It was Adam Smith who was the first to recognize and describe, in 1776, the basic principle of the market economy. His magnum opus, The Wealth of Nations, is still looked on today as “the Bible of capitalism”. And indeed, for a period of ten years it was, after the Bible itself, the most-translated book on earth. Smith created the “magic formula” of the free play of supply and demand and his theory of “the invisible hand” spread like wildfire around the world, remaining still today the core of the capitalist market model. What is more, Smith provided a philosophical justification for capitalism in the form of a theory of human nature: Man, he argued, is by nature egoistic and self-interested. And nothing suits such a being so well as a market economy, because it gives everyone the chance to increase their wealth. But this, in the end, benefits all, since each of us, working at improving his or her own quality of life, is led willy-nilly, as if by an “invisible hand”, to promote also the welfare of society as a whole. Do egoistic energies really tend to be transformed into social prosperity in this way? How does the market model work? Can one really simply let the economy run its course? Is capitalism “natural”? The book Smith in 60 Minutes explains the incisive theories of this philosopher and economist in a clear and comprehensible way, using over 50 key passages from Smith’s own works. The final chapter on “what use Smith’s discovery is for us today” discusses both the triumphal progress of Smith’s market model and the catastrophic crises that capitalism’s triumph has brought with it. A thorough knowledge of Smith is indispensable for politicians, bankers and economic policy leaders. But really anyone who lives in a market economy – and there are few, today, who don’t – should be familiar with Smith’s basic ideas. The mechanism of the “invisible hand” and the free play of supply and demand are more than just theories. They form the very heart of the capitalist world and it is indispensable to know the economic and philosophical foundations of the social order in which we live. The book forms part of the popular series Great Thinkers in 60 Minutes.
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
It was, of all people, to a Scottish philosopher of morality that there fell the role of intellectual forefather of capitalism. It was Adam Smith who was the first to recognize and describe, in 1776, the basic principle of the market economy. His magnum opus, The Wealth of Nations, is still looked on today as “the Bible of capitalism”. And indeed, for a period of ten years it was, after the Bible itself, the most-translated book on earth. Smith created the “magic formula” of the free play of supply and demand and his theory of “the invisible hand” spread like wildfire around the world, remaining still today the core of the capitalist market model. What is more, Smith provided a philosophical justification for capitalism in the form of a theory of human nature: Man, he argued, is by nature egoistic and self-interested. And nothing suits such a being so well as a market economy, because it gives everyone the chance to increase their wealth. But this, in the end, benefits all, since each of us, working at improving his or her own quality of life, is led willy-nilly, as if by an “invisible hand”, to promote also the welfare of society as a whole. Do egoistic energies really tend to be transformed into social prosperity in this way? How does the market model work? Can one really simply let the economy run its course? Is capitalism “natural”? The book Smith in 60 Minutes explains the incisive theories of this philosopher and economist in a clear and comprehensible way, using over 50 key passages from Smith’s own works. The final chapter on “what use Smith’s discovery is for us today” discusses both the triumphal progress of Smith’s market model and the catastrophic crises that capitalism’s triumph has brought with it. A thorough knowledge of Smith is indispensable for politicians, bankers and economic policy leaders. But really anyone who lives in a market economy – and there are few, today, who don’t – should be familiar with Smith’s basic ideas. The mechanism of the “invisible hand” and the free play of supply and demand are more than just theories. They form the very heart of the capitalist world and it is indispensable to know the economic and philosophical foundations of the social order in which we live. The book forms part of the popular series Great Thinkers in 60 Minutes.

More books from Books on Demand

Cover of the book 52 x ICH - Praxisbuch by Walther Ziegler
Cover of the book Das Rosenhäusel by Walther Ziegler
Cover of the book Jewish Humor by Walther Ziegler
Cover of the book Dangerous Connections by Walther Ziegler
Cover of the book Wachs auf dem Mist, den andere machen! by Walther Ziegler
Cover of the book Geister im Rauch by Walther Ziegler
Cover of the book L'ombre d'une rose by Walther Ziegler
Cover of the book Standortanalyse Kultur und Bildung als eng verzahnte Einflussfaktoren by Walther Ziegler
Cover of the book Buddy Jim by Walther Ziegler
Cover of the book Directing Your First Movie ! by Walther Ziegler
Cover of the book Borkin the Archer by Walther Ziegler
Cover of the book Toto Insider-Report by Walther Ziegler
Cover of the book Einfach Autos zeichnen - Schritt für Schritt zu perfekten Motiven! by Walther Ziegler
Cover of the book Aus dem Tagebuch einer Hobbyarchäologin by Walther Ziegler
Cover of the book Der Facebook Business REPORT by Walther Ziegler
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy