****** - Verified Buyer
4.5
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!Its in a good state and it was delivered on timeGood book, pages are durable! Just what I needed for class. And after I got my A, it made for good kindling for a wood stoveJust as I read it in economics. Its just about how the system works here.Great book.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.This is a brief abridged section out of Adam Smith's The Wealth of Nations. It is a quick read, but naturally dated. It goes into much mundane detail of European mercantilism. Although this is the book that got people's heads out of their asses economically, there are many better modern books on this subject that all explain what Adam Smith was talking about.Nothing you can really criticize regarding this marvellous book, it is a must read for all the students of economics or for whoever wants to better understand economics, even nowadays (it was written three centuries ago).difficut to comprehend...a junk full of info piled up on top of each otherI just received the product ordered. the book size is quite small and not so thick. Too wordy but it is good. Thank you.Very hard to read but you can learn a lot from itTHANK YOU !
