The Wealth of Nations Part I
Publisher: Blackstone Audiobooks
Date: January 2007
Duration: 2 hours 30 minutes
First published in 1776, this work is the classic statement of economic liberalism or the policy of laissez-faire. Several fundamental principles or "axioms" were introduced in this work, including the division of labor, supply-and-demand, and free market capitalism as some of the most obvious. Smith's political economy is primarily individualistic: self-interest is the incentive for economic action. However, he shows that universal pursuit of self-interest contributes to the public interest, a concept probably best encapsulated by John F. Kennedy when he remarked, "a rising tide raises all boats."
“Edwards enunciates with unusual clarity, which helps with a book published in 1776.” —Talking Book Review