1.8 - Wages (Wealth of Nations Explained)

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Summary of Adam Smith's Wealth of Nations: Chapter 8 - (Of the Wages of Labor)
In this chapter, Smith discusses how wages of labor are affected by supply and demand and what they part they play in the larger picture.

Пікірлер: 26

@danielgraaf5042 4 жыл бұрын

You are great!

@zobech 3 жыл бұрын

I had to put it in 1.75x speed xb but this was the best explanation about this chapter that I've seen.

@chadglidden4765 6 жыл бұрын

i have a family business so as you can imagine i don't have time to read this, thank you soo sooooo much, you truly are a master of this craft and im sure many others. i have no doubt you are going to have everything you ever wanted!

@katietravers765 8 жыл бұрын

I just wanted to say thank you so much for making these videos. Your explanation on The Wealth of Nations is so much easier to understand than Adam Smith. You have pretty much saved me for my economics final tomorrow! You are the best!

@BookEndsClassics 8 жыл бұрын

+Katie Travers Glad I could help :-)

@amitj28 7 жыл бұрын

Yes, I think you should put up a donation page or something. I want to pay you for your effort and helping me understand such an important book. Thank you!

@abdullahakassi8557 9 жыл бұрын

You are AMAZING! I really appreciate the way you deliver, it is so interesting and fascinating yet simple. Thank you!

@BookEndsClassics 9 жыл бұрын

Thank you soo much! Thats exactly what I'm aiming for :-)

@irsh941988 9 жыл бұрын

i love your lectures ,,, you have been a great help dear thank you soooooooooooooooooooooooooooooooo much

@cheapyx5582 10 жыл бұрын

You are awesome, and keep up the good work

@BookEndsClassics 10 жыл бұрын

Thank you! I love to hear good things. Thanks for watching.

@xXxSW33TH34RTxXx 8 жыл бұрын

I hope you could do David Ricardo next :(. Its a shame you didnt already have it, been studying and writing essays about both books and its nice to see other interpretations of the texts

@amitj28 7 жыл бұрын

I think you should put up a donation page or something. I want to pay you for your effort. It helped me understand such an important book. Thank you!

@pushuprizz 4 жыл бұрын

Thanks for the video! It really is helping me to read and understand the book. English is my second language (though I am pretty fluent), and "Wealth of Nations" is not quite easy to read. After watching your videos, finally, I can understand what is going on in the book. 😊👍

@ninjaong87 6 жыл бұрын

Can someone explain to me why the cost of good isn't a factor of price? Labour, rent, and profit only? What about the value of the good itself?

@NBST28 5 жыл бұрын

the cost of good is factored into the rent, the price of the area that produces said good

@prab436 10 жыл бұрын

Great videos!!! Can you post some more like this on other books?

@BookEndsClassics 10 жыл бұрын

Thanks! I really would love to, but until they legalize human cloning unfortunately I can only do one book at a time. The plan is to start a new one when I'm done with this one or when I get a time-turner, whichever comes first.

@prab436 10 жыл бұрын

BookEnds Lol :D This is my first video summary of a book. I am also busy nowadays and my inability to clone or making a time-turner forced me to watch these videos for quenching my thirst of knowing something about economics. I am an engineer and I felt that its a crime to not to educate students about economics during school. #Indian

@BookEndsClassics 10 жыл бұрын

Yeah, my lack of economics education resulted in what you see before you. I'm really happy you found them helpful :-)

@josiahbvevo 4 жыл бұрын

You look like Jake Gylennhaal

@cristinelimuco5177 10 жыл бұрын

cool :)

@alfredogutierrez6682 6 жыл бұрын

Interesting. It is clear how capitalism doesn’t distinguish itself much from Slavery. Employers get to own employees. I really just see two minor differences: - As opposed to slaves, employees don’t have to live in the house of their master - As opposed to slaves, employees sometimes can choose their master We can call them “employers”, it’s a question of semantics, but Adam Smith’s term was perfect: “Masters”.

@LPJCP 5 жыл бұрын

Isn't it funny how the revolutionary socialist economies have to put up walls to keep the people in. What were you saying about slavery?

@ChapterbyChapter 5 жыл бұрын

The term "Masters" can be used in lots of different ways, the German "Meister" is used to this day to describe a person of authority who teaches people skills

@irsh941988 9 жыл бұрын

can i follow you or talk to u on facebook