“The Wealth of Nations” – A classic work on economics

Published in 1776, Adam Smith's "The Wealth of Nations" quickly became one of the most important works in economics, with many fundamental concepts and analyses. The book is introduced to readers by Omega Plus Books.

Adam Smith's “The Wealth of Nations”. (Photo: Omega Plus Book)

“The Wealth of Nations” is considered one of the works that laid the foundation for modern economics , introducing many fundamental concepts and analyses that are suitable for all times and still retain their value 250 years after its release.

The book, originally titled “An Inquiry into the Nature and Causes of the Wealth of Nations,” often shortened to “The Wealth of Nations,” had a profound influence on the history of economic thought.

This book was first published in 1776 and quickly became a milestone in the formation of classical economics. The author, Scottish philosopher and economist Adam Smith, not only proposed a new system of economic theory but also provided a comprehensive view of the origin of prosperity, the role of the market, the state and society in the development process.

The book was published as Europe was entering the Industrial Revolution, with the advent of machines, factories and new methods of production.

Adam Smith looked at economic life and asked the question: what is the real source of prosperity? The book gives the answer: Prosperity comes from the ability to produce and exchange goods, based on human labor.

This Omega+ translation is based on the 1789 edition of "An Inquiry into the Nature and Causes of the Wealth of Nations", the fifth and last edition of the work to be published during Adam Smith's lifetime.

Relying on this edition helps Vietnamese readers access a text of high reliability and full academic value.

Volume I was translated by Translator Minh An; Volume II was translated by Dr. Phan Thi Thanh Huyen; the translation of Volume III and Volume V was by Dr. Nguyen Hoang Giang; Volume IV is the result of collaboration between Dr. Nguyen Hoang Giang and Dr. Phan Thi Thanh Huyen.

The translation adheres to the principle of remaining faithful to the original text, but also pays attention to the accessibility of modern readers, such as key concepts are translated consistently and in accordance with the modern context; for terms that do not have a standard translation or are controversial, the translation provides the original English words; long sentences in the original text are kept intact when possible, but are sometimes re-divided to make them more accessible to readers.

Author Adam Smith (1723-1790) was a prominent Scottish moral philosopher and economist, considered the father of modern economics. He was an important thinker of the Enlightenment, with profound contributions that helped shape the foundation of political economic thinking. Up to now, his thoughts have had a profound influence on many fields such as economics, philosophy, politics and sociology. In addition to The Wealth of Nations, he is also the author of “The theory of moral sentiments” – an important philosophical work.

HA CHI

Source: https://nhandan.vn/su-thinh-vuong-cua-cac-quoc-gia-tac-pham-kinh-dien-ve-kinh-te-hoc-post910858.html