Research on the Nature and Causes of National Wealth (Volume 1)

Author: Adam Smith (English)
Publisher:
Publish Date: 1972-12-01
Features: Adam Smith, a renowned British bourgeois economist, is the author of this representative work, The Wealth of Nations, published in 1776. At that time, it was the period of the growth of British capitalism, when British handicraft industries were beginning to transition to large-scale industrial production. The development of British industries was still largely constrained by the remnants of feudalism and the restrictive policies of mercantilism, which were fashionable at the time. The young British bourgeoisie, eager to remove obstacles from its path forward, urgently demanded a free economic theory system to pave the way for its advancement. Adam Smith's The Wealth of Nations emerged during this historical period,. This book summarized the experiences of capitalist development in various countries during the early modern period and, based on a critical and selective absorption of important economic theories at the time, provided a systematic and clear description of the entire process of national economic activity. After its publication, it not only directly promoted the development of British capitalism but also had a more extensive influence on the development of world capitalism than any other bourgeois economic work of the time. No wonder some bourgeois scholars at the time regarded it as a treasure. However, history soon revealed its limitations and flaws.