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Mahatma Gandhi said that some of his deepest convictions were reflected in a book titled, “Unto this Last” and the book transformed his life. What was the message from the book that transformed Mahatma Gandhi?
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Watch the inspiring comeback stories of Sanju Samson, Ishan Kishan & Abhishek Sharma 🔥🏏
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Three players. Three struggles. One unforgettable World Cup story.
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What was the purpose with which Sir William Wedderburn and W.S. Caine had set up the Indian Parliamentary Committee in 1893?
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1. 250 years of The Wealth of Nations
• In 1776, Adam Smith published the book “An Inquiry into the Nature and Causes of the Wealth of Nations.”
• The editorial revisits the ideas of this book after 250 years.
• The book is one of the most important works in economics.
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2. Wealth of a nation means productive capacity
• Smith argued that a country’s wealth is not gold or money.
• Real wealth is the ability of society to produce goods and services.
• Economic progress should improve living standards of ordinary people.
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3. Focus on production and division of labour
• Smith highlighted division of labour (people doing specialized tasks).
• Specialization increases efficiency and productivity.
• Example: different workers performing different steps in production.
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4. Self-interest drives economic activity
• Smith said people act out of self-interest, not charity.
• Famous idea:
• We get dinner not from the kindness of the butcher, brewer, or baker, but from their desire to earn profit.
• Markets allow people to exchange goods for mutual benefit.
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5. Markets work through exchange and independence
• Market exchange allows people to deal as equals.
• It reduces dependence on charity or hierarchy.
• But markets must be supported by institutions, education, and social norms.
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6. Criticism of mercantilism
• Smith strongly criticized mercantilism (government policies that tried to control trade and accumulate gold).
• He believed such policies often benefited powerful merchants and monopolies, not society.
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7. Suspicion of concentrated power
• One major idea of Smith: be cautious of concentrated economic power.
• Merchants and businesses often try to influence governments for their own benefit.
• Policies should not allow special interests to capture the state.
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8. Concern about inequality and poverty
• Smith acknowledged the problem of poverty.
• Poverty can become invisible in large societies.
• Economic growth must also consider human dignity and social welfare.
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9. Division of labour can have negative effects
• Extreme specialization can make work boring and mentally limiting.
• Smith suggested public education to reduce this effect.
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10. Relevance today
• The book remains important because it warns about:
• Monopolies
• Corporate influence on government
• Concentration of wealth and power
• Smith supported markets but did not support unchecked corporate power.
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Core takeaway:
Smith supported free markets, but he also warned that economic and political power should not become concentrated in the hands of a few, because it harms society.
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🎉 Heartiest Congratulations! 🎉
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🎉 Heartiest Congratulations! 🎉
Congratulations to Dhananjay Dighe 🏆 for securing Rank 529 in UPSC CSE 2025 📚🇮🇳
Your dedication, perseverance, and disciplined preparation 💪📖 have truly paid off and brought you this remarkable achievement.
We at H.V Desai Competitive Exams Centre, Pune 🎓 are extremely proud of your success and wish you the very best in your journey of serving the nation 🌟🇮🇳
Keep inspiring future aspirants! 🚀
@NiravDa
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Which amongst the following provided a common factor for tribal insurrection in India in the 19th century?
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Which of the following parties were established by Dr. B.R. Ambedkar?
1.Peasants and Workers Party of India
2.All India Scheduled Castes Federation 3.The Independent Labour Party Select the correct answer using the codes given below:
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The people of India agitated against the arrival of Simon Commission because
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With reference to Indian History, the Members of the Constituent Assembly from the Provinces were:
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4 637
Consider the following:
1.Calcutta Unitarian Committee
2.Tabernacle of New Dispensation 3.Indian Reform Association Keshab Chandra Sen is associated with the establishment of which of the above?
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4 637
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🚀 UPSC PRELIMS MOCK TEST SERIES 2025 | OPEN MOCK 2 🏆
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🎥 Combat Open Mock Review : https://youtu.be/8YkBFzjJvzM
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