The Wealth of Nations, by Adam Smith
An Enquiry into the Nature and Causes of the Wealth of Nations By Adam Smith Introduction & Context An Enquiry into the nature and causes of the wealth of nations, often known by its shorter name “The Wealth of Nations,” is the seminal work of Adam Smith. Published in 1776, it is perhaps the most well-known book in classical economics and influenced economists and policymakers across the globe. The book is a critique of the mercantile system that governed economic policy in Great Britain during Smith's time. It explains how the obsession of mercantile groups over precious metals as wealth is wrong, and how the real wealth of a nation is the flow of goods and services which a nation creates. The book throws light upon topics such as: the division of labour, productivity, free markets, and the mercantile system. About the Author Adam Smith is one of the most well-known economists of all time. He is considered to be the founder of the free market economy. His magnum opus ...