Erik Graff's Reviews > The Wealth of Nations

The Wealth of Nations by Adam Smith
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bookshelves: political-social-science
Read 2 times. Last read January 1, 1966.

A prideful and ambitious boy, hearing that President Kennedy had been a speed reader, I cut lawns and shovelled walks to pay for an Evelyn Wood Reading Dynamics program. We met in the spare basement of the hideous modern structure that passed for Park Ridge's "Inn"--a residence primarily for attendants and pilots from the airlines utilizing nearby O'Hare International Airport. I was a sophomore, the youngest in class, quite serious and full of myself.

The Wood method consisted, basically, of two parts. First, don't subvocalize while reading. Second, run a finger down the page while soft-focusing on the text. The rest was a matter of practice and ever-faster fingers until some of us were "reading" as fast as we could turn the pages.

The texts for class were, one suspects, Ms. Wood's efforts to make the world a better place. They included Ayn Rand's Anthem, an early exercise, and Adam Smith's An Inquiry into the Nature and Causes of the Wealth of Nations, the final exercise. I was so expert by that time that the Wealth of Nations took no longer than Rand's novella had--thirty or forty minutes maybe.

The whole business was a sham of course. What we were learning was how to skim and cram, skim and cram for examinations designed to pick up on the kinds of material one might retain from a skim and cram method. The rest depended upon what Marx termed "the labor theory of value"--we had spent a lot of money and time on this stuff, so it had better have paid off or we'd be fools.

It took me about a year of skimming and cramming to give up and decide I had, in fact, been a fool. Thus I returned to the old, much more pleasant ways of reading and, in time, even reread Marx's great hero, Adam Smith...while on the beach in Michigan and over several days.
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Reading Progress

Finished Reading
Started Reading
January 1, 1966 – Finished Reading
May 16, 2008 – Shelved
May 16, 2008 – Shelved as: political-social-science

Comments Showing 1-7 of 7 (7 new)

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message 1: by Don Incognito (new)

Don Incognito Smith was Marx's hero? You must be being sarcastic.


Erik Graff Nope. Marx was quite self-consciously in the classical tradition of Smith, Ricardo et alia.


message 3: by Lewis (new)

Lewis Daniel Hmmm, intriguing analysis and anecdote. From the sounds and looks of it, there's some overlap in our interests and dispositions.


message 4: by Don Incognito (new)

Don Incognito Fascinating. Then he obviously repudiated Smith completely. I don't see him even turning laissez-faire economics on its head as he turned Hegelian philosophy on its head; a simple repudiation.


Erik Graff As a political economist, Marx was much more descriptive than prescriptive. For his time and in opposing state monopolies, Smith, the ethicist, was representative of what Marx saw as a progressive cause--hardly a repudiation.


message 6: by Don Incognito (new)

Don Incognito I guess I'll never understand until I read both Smith and Marx; but, again, fascinating...


Galicius Sounds like I was ripped-off by the same speed-reading con-artists like you about the same time.


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