The Wealth of Nations
The Wealth of Nations was published in 1776 by Adam Smith and it is one of the most important economic works in economic history since the date. What set Adam Smith’s work apart was the follows:
The invisible hand of the market in economics is to describe the self-regulating behavior of the marketplace. However, the concept was not phrased in the Wealth of Nations by Adam Smith. Adam Smith first introduced the concept of invisible hand of the market in The Theory of Moral Sentiments, written in 1759. The idea of markets automatically channeling self-interest toward socially desirable ends becomes the foundation of the theory of small government today in the world. Smith’s reasoning still remains as relevant today as it was then.
This book is one of the most important ones about the deepest thoughts of capitalism and free market by Adam Smith, one of the greatest thinkers of political economics on the planet.
After more than two centuries, Smith’s work still stands as the best statement and defense of the fundamental principles of capitalism. The book is already read more than two hundred years and it will still be read for another century due to its truths. This is a must-read book for readers to learn the Smith’s thoughts about the free market and moral in a comprehensive way.
Adam Smith Classics
Last updated: 07/08/2020
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Last updated: 07/08/2020
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