Today in the Book Lounge, Tom & Karin discuss the book The Wealth of Nations with special guest Eamonn Butler.


Each week Book Insights creator and author of The 50 Classics Series Tom Butler-Bowdon and Memo’d Program Manager Karin Richey invite you to join their fun and casual conversation about the book of the week. Hear what they love it about, what they don’t, how they rate it, and how it can advance your work and life. You’ll learn why it was selected to be part of the curated list of Book Insights, and what’s new with the book or the author currently.


This week, Tom and Karin offer you insight on:


*Adam Smith Institute Director Eamonn Butler shares some of his decades of research on Adam Smith, his world-changing book "The Wealth of Nations" and the concepts today that are still impacted by this seminal work.


*The balance between self-interest and the common good when it comes to individual economic liberties and how they impact society as a whole.


*How Adam Smith envisioned the connection between government and industry, and the role government should (and shouldn't) play in stifling or stimulating the economy.


Want quick saveable, shareable bullet points on today's podcast? Check out the Memo: https://memod.com/KarinRichey/eamonn-butler-on-the-wealth-of-nations-2645


Show Notes:


Meet Eamonn Butler, Director of the Adam Smith Institute, as well as an economist and author of numerous books on economics. Butler worked on pensions and welfare issues for the United States House of Representatives in Washington DC, before returning to the UK where he served as editor of the British Insurance Broker Monthly.


https://www.adamsmith.org/


Wealth of Nations - condensed:


http://www.iea.org.uk/publications/research/adam-smith-a-primer


http://www.adamsmith.org/sites/default/files/resources/condensed-WoN.pdf


https://www.amazon.com/Wealth-Nations-Economics-Selected-Contemporary-ebook/dp/B0047O2BSY


What is the difference between Book Insights episodes and Book Lounge episodes?


Book Insights are formal, structured summary, analysis and exploration of a bestselling nonfiction book. Each episode is read by a professional voice actor and will introduce a new title selected specifically for its value to your work and life.  Book Lounge episodes are casual discussions about the book, the author, and anything else that comes along through the course of conversation. It’s more of a broad chat about how the book relates to current, everyday life.


Should I listen to both the Book Insight and the Book Lounge episode on the same book?


Sure! Each episode works fine as a standalone piece, so no requirement to listen to both or to listen in any particular order, but we definitely recommend (and think you’ll enjoy!) both. Think of it like reading a book and liking it so much you want to chat about it on the porch with a friend. That is the vibe at the Book Lounge.


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Audio Producer: Daniel Gonzalez


Hosts: Tom Butler-Bowdon & Karin Richey