In his book, Smith fervently extolled the simple yet enlightened notion that individuals are fully capable of setting and regulating prices for their own goods and services. He argued passionately in favor of free trade, yet stood up for the little guy. The Wealth of Nations provided the first- and still the most eloquent- integrated description of the workings of a market economy.
The result of Smith’s efforts is a witty, highly readable work of genius filled with prescient theories that form the basis of a thriving capitalist system. This [Bantam Classic] book offers the modern reader a fresh look at a timeless and seminal work that revolutionized the way governments and individuals view the creation and dispersion of wealth- and that continues to influence our economy right up to the present day.”
Yes, I read that to you right off the back of the book. Let us assume, for my convenience, that we’re chatting in some random Crossword / Landmark store. And you’re being recommended this book by me. Yep.
I will not go deep into Adam Smith and the way his thought processes worked. Neither will I write anything more about the book I’m asking you to read. But we, here at Frankaffe, urge you to give it a try- a perspective never hurts.