Updates

  1. Person pages list letters, writing, profiles and links as sortable tables with filters, and show each person's companies as links; Fund letters show each letter's description in its own column.
  2. Experts show a checked job title and a short description of each person; 30 more people have photographs.
  3. Every company, fund, university and publication the experts work for has a page listing the people there.
  4. Fund letters show each letter's thesis and filter by it; 225 person pages list the essays, columns and newsletter issues the person wrote.
  5. Person pages list every essay and newsletter issue a person wrote, and their own books as a table in List view.
  6. Recommends shows the five largest kinds of book and the rest under More; browse pictures load sooner.
  7. Podcasts and talks link the original episode, filter by Audio and video or Press, and list each publisher once.
  8. Pages are wider, Recommends has List and Grid, and a filter clicked again turns off.
  9. Book cards sit in a ruled grid with Open Library and Goodreads links and each book's one-line note.
  10. Funds is now Investors; each investor's styles are buttons that filter the table.
  11. Podcasts and talks on a person's page filter by year and publisher and show as a list or a grid of pictures.
  12. Quotes show only people's own words: 472 summaries written by list sites are gone.
  13. Country pages open from Browse again, and every link on the shelf lands on a page.
  14. Subject and person pages show their sections as tabs, and each book appears once on a person's page.
  15. Book cards show the quote, who said it and the source; grids show five cards to a row.
  16. On a phone, a menu holds the sections, search, Updates, Feedback and dark mode.
  17. Feedback takes a screenshot of the page with no browser prompt, opens a screenshot full size when you click it, and clears itself once sent.
  18. Book cards are centred, search names the topic each book sits in, and any text cut short shows whole on hover.
  19. Search groups its results by kind: people, companies, geographies, subjects, topics, books, funds, fund letters and papers.
  20. The Books table lists who recommended each book by name, and the browser tab names the section you are in.
  21. Feedback can take a screenshot of the page, or one you paste or choose, and opens in the corner beside Updates.
  22. Each rail button reopens its section where you left it, and Browse, Table and People show on every book and subject page.
  23. Filters grey out choices that hold nothing instead of hiding them, and Books › People filters by authors or recommenders.
  24. Feedback takes a subject line and up to three screenshots.
  25. Biographies are grouped by the person they are about: 41 new pages, from Abraham Lincoln to Lee Kuan Yew.
  26. Sport splits into 23 sports, and Religion into one topic per faith.
  27. Book lists show as cards: the cover, one recommendation quote and every recommender by name.
  28. Seventeen subjects that had two or three pages under different names now have one page each.
  29. Every page lists its Experts as authors and recommenders, with a link to them on the Experts tab.
  30. Economics, Financial history, Financial panics and Accounting are subjects of their own, with one page per financial crisis.
  31. Book, person and subject pages open inside the app, so the tabs stay in view.
  32. 996 more book covers, and photographs or logos for 227 more people and companies.
  33. Books › Browse shows every subject as cards, and the rail holds Fund letters, Papers, Experts, Books and Funds.
  34. Every topic over 150 books splits into narrower topics, each with a page of its own.

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Adam Smith

Wrote The Theory of Moral Sentiments (1759) and The Wealth of Nations (1776), the book that began modern economics as a discipline; a figure of the Scottish Enlightenment.

University of Glasgow

The Wealth of Nations set out how division of labour, self-interest and competitive prices coordinate production without central direction, and it supplies the vocabulary economics still argues in: specialisation, capital accumulation, natural and market price. The Theory of Moral Sentiments supplies the other half, placing exchange inside a system of sympathy and judgement.

7 books of their own

Start here

  1. The Wealth of NationsAdam Smith, 1776
  2. The Theory of Moral SentimentsAdam Smith, 1759
Adam Smith · 1776

How the division of labour and free markets make a nation rich.

Adam Smith · 1759

How moral judgement grows from sympathy and an imagined impartial spectator.

Recommended by: Mohnish Pabrai

Adam Smith · 2015

Books One to Three: division of labour, money, prices, wages, profit and capital.

Recommended by: Mohnish Pabrai

Adam Smith · 2015

Books Four and Five: the case against mercantilism, and the role of the state.

Recommended by: Mohnish Pabrai

Adam Smith · 1968

Markets as a game of crowd psychology, seen through 1960s go-go Wall Street.

“One of the great books about investing is Adam Smith's 'The Money Game' which was published in 1967.” — Barton Biggs

Source: Biggs on one of the great books about investing

Recommended by: Barton Biggs, Howard Marks, Mohnish Pabrai and 5 others

Adam Smith · 1972

Wall Street from the late-1960s boom to the 1970 to 1973 collapse.

Adam Smith · 1981

The 1970s disorder: the end of Bretton Woods, oil shocks and petrodollar loans.

Recommended by: Mohnish Pabrai

The Wealth of NationsHow the division of labour and free markets make a nation rich.1776T1Naval Ravikant, Patrick Collison, Charlie Munger and 6 others
The Theory of Moral SentimentsHow moral judgement grows from sympathy and an imagined impartial spectator.1759T1Mohnish Pabrai
An Inquiry into the Nature and Causes of the Wealth of Nations: Volume 1Books One to Three: division of labour, money, prices, wages, profit and capital.2015T1Mohnish Pabrai
An Inquiry into the Nature and Causes of the Wealth of Nations: Volume 2Books Four and Five: the case against mercantilism, and the role of the state.2015T1Mohnish Pabrai
The Money GameMarkets as a game of crowd psychology, seen through 1960s go-go Wall Street.1968T1Barton Biggs, Howard Marks, Mohnish Pabrai and 5 others
SupermoneyWall Street from the late-1960s boom to the 1970 to 1973 collapse.1972T1Mohnish Pabrai, Warren Buffett
Paper MoneyThe 1970s disorder: the end of Bretton Woods, oil shocks and petrodollar loans.1981T1Mohnish Pabrai

Tags

division-of-labourfree-tradeclassical-economicsmoral-philosophyprice-formation