more videos like this please~ book 3 to 5 next ehehe

Great summary. Listening from philippines

Great summary & time saver.Thankyou

Thank you from India

great video series

Thank you so much! This series has been so helpful for me in school.

Great summary! Listening in from Switzerland

Hello from Vietnam!

Such a great series. Are you going to finish? This is amazing!

in the end Adam Smith mentions about a porter owning his own studio or a gardner with the same but i think it could include implicit cost and the statements made in the beginning still make sense

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I would love to see more of these economic videos. Please do more!

Thank you! Listening from Sacramento, CA

Great work❤

Thank you for a wonderful series! I am a student at Columbia University in NYC and this series has really helped me understand each chapter of this book that we had to read in 4 days!!!! Best of luck to you! I also LOVE Vietnam and hope to spend more time there:)

I have an exam…this is just what I needed. Thank you!

Listening from Kenya. Really enjoyed the videos

Your video are very helpful ❤🎉

I watch these before I read the chapter to kinda help aid myself. Thank you! Can you do Religious Poverty and the Profit Economy of Medieval Europe? :)

Your videos are the best I got a B + in this course because of your help ❤🎉

Thank you very much for this amazing series ,it really helped me as a college english student from Morocco . I hope there is future series just this way for other books .

How intelligent and observant he was, great mind indeed.

The understanding about about stock is probably more difficult than money.

Thank you!

Pretty good work.

Been reading Adam Smith's book a few while ago, they use strange sentences that is kinda hard for me to understand, your video summaries helps a lot. I usually watch your videos first before reading the chapters haha for me to understand.

Awesome insights, your videos are insightful🔥

Yo Apple is a monopoly giant

Definitely subscribing, Ive been reading this book for a few weeks now and your summaries help me understand so much better.

I'd argue you are misinterpreting what smith is saying when it comes to Africa. Smith isn't saying their are no rich countries in Africa, but rather Africa as whole (especially landlocked Africa) is poor. Which is factual even when compared to other continents such as Europe or Asia. He isn't saying that their are no examples of rich African nations. As for a time Egypt for example was one of the richest nation for it's time period. But he is saying the continent as a whole was and is today poor in comparison.

Adam Smith's Wealth of Nations is in the public domain and can be downloaded from Project Gutenberg and searched. The printed book can cost you $15 and take a lot of effort to search. Has Smith's "Invisible Hand" been used as a propaganda tool for decades since most people would never read WoN? Smith used the word 'invisible' six times but only once as "invisible hand". It is really curious that we hear about the 'invisible hand' so much. Smith used the word 'education' EIGHTY TIMES. We are not told about that. Search for "and account" and you will find multiple instances of "read, write, and account", not "read, write and arithmetic". Double entry accounting was more than 300 years old when Smith wrote Wealth of Nations, but 50% of Brits were illiterate and public schools did not exist in 1776. The United States could have made accounting/finance mandatory in the schools since Sputnik. Wouldn't that have helped everyone best serve their own self interest? But we do not hear the people who propagandize us about the "invisible hand" advocating mandatory accounting because that might make their invisible rip-offs more difficult. Adam Smith never used the word 'depreciation' in WoN. He mentioned paper money being depreciated one time. Marx wrote about 'depreciation' 35 times in Das Kapital, sometimes regarding the depreciation of machines and sometimes of money. Marx even mentioned Adam Smith 130 times though not much about education. Consumers did not buy automobiles, air conditioners, televisions and microwave ovens before 1885. Marx died in 1883. But it's OK! Our brilliant economists do not talk about the depreciation of under engineered consumer trash today either. Every time you buy a replacement the purchase is added to GDP. What about NDP? Oh sorry, when do you ever hear an economist explain NDP? That's OK too, they only depreciate the Capital Goods and ignore the depreciation of consumer junk anyway. Wealth of Nations has probably been in the public domain for a very long time but cheap computing did not make it available in Project Gutenberg until 3/17/2001. Milton Friedman died in 2006. Was Friedman giving us the straight dope on economics or treating us like a bunch of dopes for decades?

Great

Is this still relevant today?

Self interest? I asked a PhD economist from the University of Chicago to explain how an automobile engine worked. He couldn't even start. So how can people make rational decisions about technologies they do not understand? Economists do not even talk about planned obsolescence.

Passive income is the only way you can be part of 10% population and seprate yourself from the Average population.

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soda doesn't get cheaper, u pay more to get more

Adam Smith used the word 'education' 80 times in Wealth of Nations. If you search it for 'and account' you will find he wrote, "read, write, and account" multiple times. Never "read, write and arithmetic". In 1790 50% of Brits were illiterate. Making accounting mandatory in the schools for most kids would have been impossible. The United States could have done it since Sputnik. When do economists ever suggest that? Smith never saw planned obsolescence and television commercials. Economists can understand pins. I asked a PhD economist from the University of Chicago to explain how an automobile engine worked. He could not even start.

Adam Smith used the word 'education' 80 times in Wealth of Nations. If you search it for 'and account' you will find he wrote, "read, write, and account" multiple times. Never "read, write and arithmetic". In 1790 50% of Brits were illiterate. Making accounting mandatory in the schools for most kids would have been impossible. The United States could have done it since Sputnik. When do economists ever suggest that? Smith never saw planned obsolescence and television commercials. Economists can understand pins. I asked a PhD economist from the University of Chicago to explain how an automobile engine worked. He could not even start.

Thanks really valuable. reading it right no but these are great summarizes

Great

Monopolies are'nt bad for the economy

Very GOOD Video Thanks A lot for your summary !!!

Thanks so much for taking the time to produce these videos @entirelyeconomics. I'm reading Wealth of Nations with no economics background and your videos are helping me to learn so thank you :)

Man want stuff Man want stuff whenever wherever Man want things Man want ideas Man want validation Man want Different man, different want Different man, same want Want for reason Want for no reason Cost less, want more