Sri Lankans may still learn a lot from Adam Smith's "The Wealth of Nations," which is a classic book on economics that is still very relevant today as the country deals with its economic problems and prospects. Smith's examination of free markets, labor division, and productivity provides significant insights pertinent to Sri Lanka's dynamic economic environment, particularly as the nation strives to enhance its global trade standing and formulate sustainable economic policies.
This important book gives Sri Lankan businesspeople, policymakers, and students timeless rules for making and sharing wealth that might help with local economic growth. Smith's examination of national prosperity through specialization and commerce is particularly relevant to the Sri Lankan environment, where old industries coexist with emergent sectors in a fast evolving global economy.
The book's look at the government's position in the economy gives Sri Lankan readers a way to think about the balance between regulation and market freedom. This is an important thing to think about as the country works on economic reform. Smith's thorough examination of monetary systems, taxation, and public works offers significant insights for comprehending Sri Lanka's budgetary difficulties and infrastructure development requirements.
Quote
"It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest."
Reviews
A great work of economics that is still very important hundreds of years after it was first published. Smith's lucid study of market dynamics and wealth creation gives us useful information about how the global economy works today. Anyone who is interested in economics should read it.
About the Author
Adam Smith was a Scottish philosopher and economist who lived from 1723 to 1790. He was the first to study political economics. He went to school at Glasgow and Oxford, where he became a professor of moral philosophy and then a customs commissioner. His association with David Hume had an effect on how he thought. Smith was famous, but he lived simply.
Product Details
Author: Adam Smith
Publisher: Originally published by W. Strahan and T. Cadell, London (1776)
Language: English
Binding: Available in hardcover and paperback
Pages: Approximately 950-1000
