Analysis: A Macat Analysis of Adam Smith's The Wealth of Nations cover art

Analysis: A Macat Analysis of Adam Smith's The Wealth of Nations

Preview

Try Premium Plus free
1 credit a month to buy any audiobook in our entire collection.
Access to thousands of additional audiobooks and Originals from the Plus Catalogue.
Member-only deals & discounts.
Auto-renews at $16.45/mo after 30 days. Cancel anytime.

Analysis: A Macat Analysis of Adam Smith's The Wealth of Nations

By: John Collins
Narrated by: Macat.com
Try Premium Plus free

$16.45 per month after 30 days. Cancel anytime.

Buy Now for $9.99

Buy Now for $9.99

Confirm Purchase
Pay using voucher balance (if applicable) then card ending in
By confirming your purchase, you agree to Audible's Conditions Of Use and Privacy Notice and authorise Audible to charge your designated credit card or another available credit card on file.
Cancel

About this listen

More than 200 years after Adam Smith published The Wealth of Nations, governments around the world continue to address many of the issues discussed in the book. The most powerful states in the world are still committed to international trade, but questions are repeatedly asked about the role of governments in the economy and the effectiveness of the free market.

Smith wanted to show that mercantilism - the dominant economic theory of his time - was wrong. Mercantilism argues that the national economy only exists to strengthen the government; so the government should control and regulate the economy. Smith opposes this idea in his book. He says that the government only has three roles within society:

  • To protect the state from invasion or attack from another state.
  • To uphold laws to protect the freedom of individuals.
  • To create and maintain public works and institutions that could not (or would not) be undertaken on a smaller scale.

Beyond these, government should not interfere.

Smith argues that when people are free to pursue their own self-interest within a competitive free market, productivity increases.

©2016 Macat Inc (P)2016 Macat Inc
International Economics

What listeners say about Analysis: A Macat Analysis of Adam Smith's The Wealth of Nations

Average Customer Ratings
Overall
  • 4.5 out of 5 stars
  • 5 Stars
    3
  • 4 Stars
    2
  • 3 Stars
    0
  • 2 Stars
    0
  • 1 Stars
    0
Performance
  • 5 out of 5 stars
  • 5 Stars
    4
  • 4 Stars
    1
  • 3 Stars
    0
  • 2 Stars
    0
  • 1 Stars
    0
Story
  • 5 out of 5 stars
  • 5 Stars
    5
  • 4 Stars
    0
  • 3 Stars
    0
  • 2 Stars
    0
  • 1 Stars
    0

Reviews - Please select the tabs below to change the source of reviews.

Sort by:
Filter by:
  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars

excellent synopsis

Excellent distillation of Smith's key ideas in economics, with informative discussion of subsequent economic thinkers & critics.

Something went wrong. Please try again in a few minutes.

You voted on this review!

You reported this review!

In the spirit of reconciliation, Audible acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.