Adam Smith and the Wealth of Nations
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- Опубліковано 17 тра 2021
- Adam Smith and the Wealth of Nations (Indianapolis: Liberty Fund, 2000).
Viewing Guide created by Amy Willis, Arizona Council on Economic Education (ACEE), 2005. oll.libertyfund.org/page/vide...
Brilliant presentation of a very brief overview of Adam Smith's ideas. I am pleased to note that among the technical advisors is the redoubtable Ronald Coase. No wonder the script of the vide is so good. Thank you so much, Online Library of Liberty.
"I've never known much good, in those trading in the public interest" 💞💕
Loved the content Frank G Melbourne Australia
I have got Augustus Kelley's reprint of the first edition of the Wealth of Nations, whose English text seems too difficult for me. But I'll keep it instead of selling, because this reprint itself seems to be somewhat rare today, making its price soar. Thanks.
Wealth of Nations by Adam Smith has been in the public domain for some time and can be downloaded from Project Gutenberg and searched. The printed book can cost you $15 and take a lot of effort to search. Has Smith's "Invisible Hand" been used as a propaganda tool for decades since most people would never read WoN?
Smith used the word 'invisible' six times but only once as "invisible hand". It is really curious that we hear about the 'invisible hand' so much.
Smith used the word 'education' EIGHTY TIMES. We are not told about that. Search for "and account" and you will find multiple instances of "read, write, and account", not "read, write and arithmetic". Double entry accounting was more than 300 years old when Smith wrote Wealth of Nations, but 50% of Brits were illiterate and public schools did not exist in 1776.
The United States could have made accounting/finance mandatory in the schools since Sputnik. Wouldn't that have helped everyone best serve their own self interest? But we do not hear the people who propagandize us about the "invisible hand" advocating mandatory accounting because that might make their invisible rip-offs more difficult.
Adam Smith never used the word 'depreciation' in WoN. He mentioned paper money being depreciated one time. Marx wrote about 'depreciation' 35 times in Das Kapital, sometimes regarding the depreciation of machines and sometimes of money. Marx even mentioned Adam Smith 130 times though not much about education.
Consumers did not buy automobiles, air conditioners, televisions and microwave ovens before 1885.
Marx died in 1883.
But it's OK! Our brilliant economists do not talk about the depreciation of under engineered consumer trash today either. Every time you buy a replacement the purchase is added to GDP. What about NDP? Oh sorry, when do you ever hear an economist explain NDP? That's OK too, they only depreciate the Capital Goods and ignore the depreciation of consumer junk anyway.
Wealth of Nations has probably been in the public domain for a very long time but cheap computing did not make it available in Project Gutenberg until 3/17/2001. Milton Friedman died in 2006. Was Friedman giving us the straight dope on economics or treating us like a bunch of dopes for decades?
Hours & hours of liberal "feel good" & "feel bad" uploads w/ Adam Smith en the title. This is real.
A lot of zooming in and zooming out -- it's kind of interesting. I'd prefer to get wacky teaching stuffs with puppets, V-tubers, animated paintings, etc -- but this was cool and I quite liked the narration.
An old man that only sees and perceives what is in his time.. hmmmm.. capitalism economic system is a dinosaur 🦕 economic system.
Yes, Scotland ...many human wonders derive from Scotland ❤❤❤
"A criminal is a person with predatory instincts who has not sufficient capital to form a corporation. Most government is by the rich for the rich. Government comprises a large part of the organized injustice in any society, ancient or modern6 Civil government, insofar as it is instituted for the security of property, is in reality instituted for the defense of the rich against the poor, and for the defense of those who have property against those who have none6".
Adam Smith