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Adam Smith’s “The Wealth of Nations” gives an in-depth discussion of different economic principles like the productivity, division of labor and free markets. Although written and published more than 200 years ago, it’s still hailed as one of the most original works in the field of economics and is still used as a reference by many modern economists.
“An Inquiry Into the Nature and Causes of the Wealth of Nations” is the complete title of this book and it was first published in 1776, the same year that the American colonies declared their independence from Britain. It’s interesting to note that Adam Smith once suggested to British authorities before this year that they should let the colonies be represented in the British parliament because of the contributions they give to the British Empire. But as we all know, they didn’t follow his suggestion and the Americans in defiance of British rule declared their independence. Experts at the time argued that if the British only followed Smith’s suggestion, the American Revolution wouldn’t have happened.
Aside from this, Adam Smith had many other brilliant ideas about politics and economics, many of which were discussed in this book. He was the first economist to make an in-depth analysis about the division of labor, how it affects productivity, and what real price is. He also explained in this book the reasons why he opposed mercantilism, an economic theory which was very popular during that time. Then, he recommended and discussed here why free trade is better for nations. This was one of the first books about economics which advocates free trade. This concept is very important in modern economics and have now been embraced by most of the whole world.
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Chicago, May 4, 1886. In the Haymarket region of the city, a peaceful Labor Day demonstration suddenly turns into a riot. The police intervene to maintain peace, but they soon use violence to quell the mob and a bomb is thrown, resulting in death and injuries to scores of people. In the widely publicized trial that followed, eight anarchists were condemned to death or life imprisonment, convicted of conspiracy, though none of them had actually thrown the bomb.
A young Russian immigrant, Emma Goldman, had arrived just the previous year in the United States. She was deeply affected by what came to be known as the Haymarket Affair. She took on various jobs, including that of a factory worker before becoming a writer and lecturer committed to anarchist philosophy. In the years to follow, she and her lover planned to assassinate a well known financier and industrialist. Though the victim survived, Goldman's lover was sentenced to life imprisonment while she received a lesser sentence.
However, she continued to spend time in and out of jail for various activities including distribution of literature regarding birth control, inducing people not to join the newly introduced military draft etc. She was deported back to Russia but found the regime there highly repressive and lived in Canada, England and France. She wrote passionately about issues that concerned humanity including prisons, religion, marriage, free love, the right of choice, capitalism, homosexuality, gender politics and militarism.
Anarchism and Other Essays was first published by her own publishing house, Mother Earth. It opens with an introduction by Hippolyte Havel, a Czech anarchist who lived in Greenwich Village in New York. He was a great friend of the playwright, Eugene O'Neill, who based some of the characters in his plays on Havel. Havel provides a detailed biography of Emma Goldman and ends with a stirring call to emancipate humanity. Emma Goldman's preface describes her own journey and motives.
Twelve chapters delineate Goldman's philosophy and ideas. They include thoughts on Minorities versus Majorities, Prisons: A Social Crime and Failure, The Hypocrisy of Puritanism, Marriage and Love, The Tragedy of Women's Emancipation and several more. Living in an age marked by the rise of unbridled capitalism, self righteousness, imperialism and greed, in these essays she writes simply, passionately, earnestly and penetratingly about ideas and ideals and how individuals are constantly in conflict with society.
Goldman wrote ceaselessly; her works include pamphlets, essays, books and tracts. As an interesting and radical viewpoint, Anarchism and Other Essays is a thought provoking read which was also strangely prophetic about the future of politics to come.
