The Wealth of Nations

Adam Smith's foundational 1776 treatise on political economy that laid the groundwork for modern capitalism. Smith argues that free markets, driven by individual self-interest yet guided as if by an… Read more

Adam Smith's foundational 1776 treatise on political economy that laid the groundwork for modern capitalism. Smith argues that free markets, driven by individual self-interest yet guided as if by an 'invisible hand,' produce greater prosperity than government intervention. His analysis of the division of labor, the nature of money, and the principles of trade remains the starting point for all economic thought. Show less