Wednesday: The Political Economy Book Club reads Adam Smith

Credit: Kris Krug via Flickr (cc)

An inquiry into the Nature and Causes of the Wealth of Nations, generally referred to by its shortened title The Wealth of Nations, is the magnum opus of the Scottish economist and moral philosopher Adam Smith. First published in 1776, it is a reflection on economics at the beginning of the Industrial Revolution and argues that free market economies are more productive and beneficial to their societies. The book is a fundamental work in classical economics. Henry George disputed some of Smith’s reasoning, but described him as the “founder” of the science of political economy.

This session will discuss the first half of Book I.

Political Economy Book Club meets 6 PM Wednesday, December 14, at 28 E. Jackson #1004. Free, donations, welcome.