Ebook Great Ideas the Invisible Hand (Penguin Great Ideas), by Adam Smith
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Great Ideas the Invisible Hand (Penguin Great Ideas), by Adam Smith
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Adam Smith’s landmark treatise on the free market paved the way for modern capitalism, arguing that competition is the engine of a productive society, and that self-interest will eventually come to enrich the whole community, as if by an ‘invisible hand’. Throughout history, some books have changed the world. They have transformed the way we see ourselves – and each other. They have inspired debate, dissent, war and revolution. They have enlightened, outraged, provoked and comforted. They have enriched lives – and destroyed them. Now Penguin brings you the works of the great thinkers, pioneers, radicals and visionaries whose ideas shook civilization and helped make us who we are.
- Sales Rank: #911077 in Books
- Published on: 2008-09-23
- Released on: 2008-09-23
- Format: International Edition
- Original language: English
- Number of items: 1
- Dimensions: 7.13" h x .31" w x 4.37" l, .20 pounds
- Binding: Mass Market Paperback
- 144 pages
About the Author
Adam Smith (1723 - 1790) was born in Glasgow and after being educated in Glasgow and Oxford, he held a number of academic posts before becoming tutor to the young Duke of Buccleuch. This post took him to France where he began writing his political treatise, The Wealth of Nations.
Most helpful customer reviews
12 of 13 people found the following review helpful.
Appropriating Adam Smith
By Joel Shelton
If you want to read Adam Smith (and you should), read his books (The Wealth of Nations, The Theory of Moral Sentiments), or a thorough representation of his collected writings, i.e. Heilbroner's The Essential Adam Smith. "The Invisible Hand" referenced in the title of this slim volume of excerpted material appears exactly once in WN and once in TMS; there is both more and less to Smith than these repackaged passages from WN make out - more, in that much of the richness and subtly of Smith's assessment of the possibilities and limits of commercial society is lost when it is cut up and repackaged, and less, in that privileging the metaphor of the invisible hand appropriates Smith for a kind of lazy laissez-faire economics which his writing taken as a whole does not champion. In short, this is a narrow little volume that says more about the politics (and attention spans) of our time than it does about the rather more complex issues of scarcity, order, and abundance facing Smith and his contemporaries.
4 of 6 people found the following review helpful.
Adam Smith's Invisible Hand
By Brian R. Bennett
A crowning discussion of Adam Smith's view on the relationship between supply and demand, and the benefits of a Free Market system. Most people can easily see the benefits of buyer and seller: I can buy an item for an agreed upon price. Who benefits? Of course, I do since I wanted the item at that price; however, the seller benefits because he sold an item at a price he was willing to sell it for. An unseen benefit is that the financial exchange also benefits society as well in terms of taxes levied and paid, portions of taxes distributed throughout society, and the fact that buying said product encourages the manufacturer to continue his work.
The Free Market system is a wonderful example of people being able to make choices to buy or sell something as they see fit. No one is "forced" to buy, and no one is "forced" to sell. If you want something, there is a price; take it, or leave it!
1 of 2 people found the following review helpful.
Needed it for an economics class
By Ivan J.
Good book, pages are durable! Just what I needed for class. And after I got my A, it made for good kindling for a wood stove
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