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Adam Smith's The Wealth of Nations

Book Description

"Adam Smith's The Wealth of Nations" was the first comprehensive treatment of political economy. Published in 1776, "The Wealth of Nations" was originally released for a very specific audience; the British Parliament, setting clearly defined arguments for peace and co-operation with their troublesome colonials across the Atlantic. Today it is considered one of the most famous books ever written. Here, Smith's text is interpreted for the modern day world of finance, business and economics. Karen McCreadie's interpretation is not a substitute for the original; its purpose is simply to illustrate the timeless nature of Smith's insights by bringing them to life through 21st century examples. Given the state of our economy this brilliant interpretation couldn't be more timely.

Table of Contents

  1. COVER PAGE
  2. TITLE PAGE
  3. COPYRIGHT PAGE
  4. TABLE OF CONTENTS
  5. INTRODUCTION
  6. 1. HOW TO INCRNCREASE PRODUCTIVITY
  7. 2. THE SOURCES OF INVENTION
  8. 3. THE IMPORTANCE OF INTUITION
  9. 4. MARKETS CAN BE MANIPULATED
  10. 5. HABIT CREATES TALENT
  11. 6. DIVERSIFY INTO NICHE MARKET
  12. 7. OPEN UP NEW MARKETS
  13. 8. THE ORIGIN OF MONEY
  14. 9. WHAT IS ‘VALUE’?
  15. 10. THE NEED FOR BANKING REGULATION
  16. 11. HOW TO MAKE MONEY
  17. 12. THE MARKET DICTATES PRICE
  18. 13. SECRETS ARE GOOD FOR BUSINESS
  19. 14. CREATE A MONOPOLY
  20. 15. AVOID DIVISIVE MANAGEMENT
  21. 16. PAY YOUR PEOPLE WELL
  22. 17. DON’T HAVE CHILDREN!
  23. 18. COLLABORATION IS BETTER THAN DOMINATION
  24. 19. DON’T READ THIS CHAPTER!
  25. 20. MONEY MAKES MONEY
  26. 21. WORKING IS GOOD FOR THE SOUL
  27. 22. HOW WAGES ARE DETERMINED
  28. 23. SUCCESS IS USUALLY DEPENDENT ON ABILITY
  29. 24. PLAYING THE LOTTERY IS NOT AN ECONOMIC STRATEGY
  30. 25. HOW INSURED ARE YOU REALLY?
  31. 26. A LITTLE EXTRA CAN MAKE A BIG DIFFERENCE
  32. 27. THE IMPORTANCE OF EDUCATION
  33. 28. FALLING STANDARDS OF EDUCATION
  34. 29. GENDER AND MONEY
  35. 30. CHOOSING THE RIGHT PROFESSION
  36. 31. THE CURSE OF CREDIT CARDS
  37. 32. SAFE AS HOUSES
  38. 33. KEEP THE MONEY MOVING
  39. 34. KEEP THE COFFERS FULL
  40. 35. THE PERILS OF INFLATION
  41. 36. ECONOMIES PROSPER BY ‘PRODUCTIVE LABOUR’
  42. 37. THRIFT IS NOT A DIRTY WORD
  43. 38. CONFINE YOUR EXPENSES WITHIN YOUR INCOME
  44. 39. BANKRUPTCY IS NO LONGER A CALAMITY
  45. 40. INSTANT GRATIFICATION IS EXPENSIVE
  46. 41. TAKE AN INTEREST IN YOUR INTEREST
  47. 42. THE CONNECTION BETWEEN PROPERTY AND INTEREST
  48. 43. EXPORT THE EXTRA
  49. 44. THE IMPORTANCE OF LONG-RANGE THINKING
  50. 45. A CARROT IS ALWAYS BETTER THAN A STICK
  51. 46. EMOTION IS BAD FOR BUSINESS
  52. 47. OVER-TRADING EVENTUALLY WEAKENS DEMAND
  53. 48. GET PAID ON TIME
  54. 49. WAR IS LUCRATIVE
  55. 50. FOCUS ON QUALITY
  56. 51. WHEN IS CHEAP TOO CHEAP?
  57. 52. WHEN IS ENOUGH, ENOUGH?
  58. CONCLUSION
  59. REFERENCE MATERIAL
  60. INDEX