Probably the most influential book on economics of the past 300 years. The Wealth of Nations represented a clear shift in the field of economics, similar to Sir Isaac Newton’s Principia Mathematica for physics, or Charles Darwin’s On the Origin of Species for biology.
The magnum opus of the Scottish economist and moral philosopher Adam Smith. First published in 1776, the book offers one of the world’s first collected descriptions of what builds nations’ wealth and is today a fundamental work in classical economics. Through reflection over the economics at the beginning of the Industrial Revolution the book touches upon such broad topics as the division of labor, productivity, and free markets.
The Wealth of Nations was published 9 March 1776, during the Scottish Enlightenment and the Scottish Agricultural Revolution. It influenced a number of authors and economists, as well as governments and organizations.