Gordon Gekko was half right

The Toyota Way is a comprehensive guide to the management philosophy of Toyota Motor Corporation. The book, written by Dr. Jeffrey K. Liker, details the 14 principles that underpin Toyota's success, including long-term thinking, continuous improvement (kaizen), and respect for people. It provides insights into how Toyota's approach to lean manufacturing and organizational culture has enabled the company to maintain high-quality production while minimizing waste and optimizing processes. The book includes case studies and practical advice on how managers in various industries can apply these principles to improve their business processes.

Published in 1776, 'The Wealth of Nations' is Adam Smith's magnum opus that laid the groundwork for modern economics. The book critiques mercantilist economic theories and introduces the concept of the 'invisible hand,' which describes how individual self-interest leads to societal benefit. It emphasizes the division of labor, the accumulation of capital, and the importance of free markets. Smith argues that a nation's wealth is not measured by its gold and silver reserves but by the stream of goods and services it produces. The book also outlines the core functions of government, such as maintaining defense, enforcing civil law, and promoting education, while advocating for limited government intervention in market activities.