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Chapter Overview
Chapter 1: AudiobookHub Recommendation
Chapter 2: Division of labor boosts productivity; marketplaces enable people to focus and specialize.
Chapter 3: For a nation’s overall wealth, creating tradable goods through labor is worth more than gold reserves alone.
Chapter 4: The invisible hand at work: acting in self-interest can end up benefiting society as a whole too.
Chapter 5: A free market maximizes economic growth, so government’s role within it ought to be strictly limited.
Description
The Wealth of Nations is a profoundly influential work in the study of economics and examines exactly how nations become wealthy. Adam Smith advocates that by allowing individuals to freely pursue their own self-interest in a free market, without government regulation, nations will prosper.
Who Should Listen
- Anyone who wants to understand the foundations of capitalism and the free market
- Anyone curious about the core tenets of a fundamental work of economic theory