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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. (19 minutes)



 
                

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Copyright date: ©2004



Part of the Series : Words of Change
     


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Ethics: What Is Right?
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Moral philosophy lies at the heart of today's most heated issues-abortion, human cloning, assisted suicide, financial conflicts of interest, and environmental stewardship. In this program, Harvard University's Frances Kamm; Rutgers University's Larry...(more details)
 
Machiavelli: The Prince
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Few literary works have inspired as diverse and impassioned opinions as Machiavelli's The Prince. While some have denounced it as epitomizing the immorality and cynicism of despotic political rulers, others have considered it a paragon of pragmatism ...(more details)
 
John Locke
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This program chronicles the life and work of John Locke, the 17th-century English philosopher and political theorist considered by many to be the first notable thinker of the Enlightenment. Without a doubt, Locke's legacy is vast: his articulation of...(more details)
 
Karl Marx
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In the fullness of time, his failings have become obvious. Yet, even after the collapse of global Communism, Karl Marx stands undiminished as one of history's most influential thinkers. This program chronicles Marx's life and intellectual development...(more details)
 
Thomas More: Utopia
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Thomas More's Utopia, one of the most significant texts of English humanism, has become the ideal for a society based on fundamental human principles of fairness and justice. This program follows the progress of More's intellectual development, from ...(more details)
 


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