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Check out my video about my favorite economist, Adam Smith, and my favorite economics book, The Wealth of Nations: https://youtu.be/Kfjg5VPxcMc?si=bfRvW90OiyME4lPC
What Is “The Wealth of Nations”?
“The Wealth of Nations” is an influential text published by Scottish philosopher and economist Adam Smith in 1776. Its full title is “An Inquiry into the Nature and Causes of the Wealth of Nations.” Smith wrote the book to describe the industrialized capitalist system that was upending the mercantilist system.
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Smith believed humans ultimately promote public interest through their everyday economic choices. In “The Wealth of Nations” he wrote:
He generally, indeed, neither intends to promote the public interest, nor knows how much he is promoting it. By preferring the support of domestic to that of foreign industry, he intends only his own security; and by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention.
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I create videos about trending news, the worldwide economy, new English words, economic concepts, and everything else that might help you in your daily quest to master the English language.
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