The Wealth of Nations: Books IV-V – Adam Smith

The Wealth of Nations: Books IV-V – Adam Smith

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The classic economic treatise that inspired Thomas Piketty’s Capital in the Twenty-First Century. With this landmark treatise on political economy Adam Smith paved the way for modern capitalism arguing that a truly free market – fired by competition yet guided as if by an ‘invisible hand’ to ensure justice and equality – was the engine of a fair and productive society. In Books IV-V Smith offers his considered response to the French Physiocrats and assesses the nature of the mercantile system.