The Wealth of Nations
First published in 1776, ‘The Wealth of Nations’ was the first comprehensive treatment of political economy by Adam Smith, a Scottish economist, and philosopher, who was a key figure during the Scottish Enlightenment. This was the foremost book on economics to catch the public's attention. It delivers a recipe for national prosperity that has not been bettered since, based on small government and the freedom of citizens to act in their best interests. It reassuringly assumes no knowledge of its subject, and over 200 years on still provides valuable lessons on the fundamentals of economics.
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About the Author
For other authors of this name, see Adam Smith.
Adam Smith FRSA FRS FRSE was a Scottish philosopher and economist who was a pioneer in thinking on political economy and a key figure during the Scottish Enlightenment. He wrote two classic works, The Theory of Moral Sentiments (1759) and An Inquiry into the Nature and Causes of the Wealth of Nations (1776). The latter, often abbreviated as The Wealth of Nations, is considered his magnum opus and the first modern work that treats economics as a comprehensive system and as an academic discipline.
Authorities recorded his baptism on 16 June 1723 at Kirkcaldy.