Currently Reading: The Wealth of Nations by Adam Smith
In a world where people are quick to insert “in this economy” into any and every conversation, it seems that few people actually know how “the economy” works. Having taken both micro- and macro-economics courses during my time at university, my understanding is probably just 0.75% more comprehensive than the average American with the surface level understanding that “good economy = more jobs and more money” and “bad economy = I lost my job, have less money, and things cost more…”.
Adam Smith is credited as being the father of capitalism and with constructing the foundation of what would become modern economics. Reading his The Wealth of Nations should theoretically give me a deeper understanding of economics in general, as well as a closer look at capitalism (which is, like, important, because I have been known to be sympathetic to those championing the cause of capitalism).
Those concerned that my education is a bit narrow will be interested to know that Keynes and Marx are next on the list.
Replies
Likes
-
kostasgeorgioy reblogged this from rethansmith
-
kostasgeorgioy liked this
-
rethansmith posted this
4 Notes