The Simple Wealth of Nations by Adam Smith Books 2 and 3: The Nature of Stock and Patterns of Economic Development

The Simple Wealth of Nations by Adam Smith Book 2 · Pantrypoints Technologies

About this ebook

This book series simplifies the sentences in Books 2 and 3 of The Wealth of Nations to make it more concise and readable. It optimizes Smith's content by organizing each idea into bullet points with sub-ideas as sub-bullets, all under topic headings, without losing the original idea. 

Book 2 introduces the concept of wealth being made up of the stock of capital and goods for consumption or purchasing power, very different from current Economics which measures wealth in money and national wealth in GDP. It suggests the proper monetary policies and sustainable bank operations to prevent financial crises and bank failures.

Book 3 narrates the economic history of Europe and the proper pattern of economic development starting with agriculture, followed by manufacturing, and lastly, foreign trade. It also explains proper land reform, rural development, and economic policies that lead to good governance.

It is meant for students, researchers, policymakers, and people or startups creating economic solutions or alternative economic (Post-capitalist) systems.

Smith's Wealth of Nations forms the base of an alternative economic science called Taonomics:

About the author

Juan is the founder of Pantrynomics, an alternative economic science derived entirely from Adam Smith, Socrates, and David Hume.

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