Abstract
In 1776, Adam Smith published The Wealth of Nations, a treatise that would forever change our understanding of how work, value, and money are interrelated. This program details Smith's life and traces the impact of his work as Europe began the arduous transition from mercantilism to the laissez-faire philosophy of the Physiocrats. After Smith, labor was seen as the source of a country's wealth, not its stores of gold or silver. Ironically, The Wealth of Nations would both inspire Karl Marx's socialist ideas and facilitate the rise of liberalism, upon which the capitalist economies of subsequent centuries would be built. Quotes from The Wealth of Nations are woven into the narrative, including the famous passage describing how an "invisible hand" guides individuals towards the common good.
Collection
Subject
Series
Words of Change
Contributors
Duration
00:17:45 (HH:MM:SS)
Language:
English
Target or Intended Audience
Adult/Continuing Education, Higher Education
Copyright Holder
| Name | Films Media Group (Firm) |
| Role | Publisher |
| Telephone | 800-257-5126 |
| Address | 200 Metro Blvd., Suite 124, Hamilton, NJ 08619 |
| [email protected] |
Copyright Date
2004-01-01
Rights Declaration:
This video is protected by copyright. You are free to view it but not download or remix it. Please contact the licensing institution for further information about how you may use this video.
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PID
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