The Wealth of Nations

In 'The Wealth of Nations,' Adam Smith lays the foundation for modern economics, presenting a comprehensive analysis of free markets, division of labor, and the invisible hand that guides economic transactions. Written in 1776 amidst the burgeoning Industrial Revolution, Smith employs a didactic style, blending empirical observation with philosophical inquiry, to elaborate on how self-interest and competition can enhance societal wealth. This seminal work critiques mercantilism and advocates fo ...