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The Wealth of Nations - A Timeless Guide to Prosperity
Why does a book from 1776 still matter today? The Wealth of Nations by Adam Smith is more than a classic—it’s a timeless guide to understanding how societies create prosperity. In this video, we break down Smith’s most influential ideas, like the invisible hand and the division of labor, into simple, easy-to-understand lessons.
Smith showed that self-interest, when combined with free markets, naturally benefits everyone. A shoemaker working for profit still helps others by providing shoes. Meanwhile, specialization—focusing on what we do best—makes us more productive and wealthier as a society.
These concepts remain at the heart of modern economics and explain why free markets thrive when individuals are free to trade and create value. Curious to learn more? Our video series makes Adam Smith’s ideas clear and relevant for today’s world.
00:00 - Introduction to 'The Wealth of Nations’
00:48 - The Invisible Hand – How Self-Interest Benefits Everyone
01:46 - Division of Labor – Why Specialization Makes Everyone Richer
02:33 - Why 'The Wealth of Nations' Matters Today
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