The Wealth of Nations By Adam Smith

A Masterpiece of Economic Analysis Firstly Published in 1776 by Adam Smith—The Wealth of Nations

An American statistic shows that, due to its significant global impact, "The Wealth of Nations by Adam Smith" was the most important document published in 1776.This book, long considered to be the magnum opus of the Scottish philosopher and economist Adam Smith, offers a deep analysis into the causes and nature of the wealth of nations.

Though first published in 1776, many of Adam Smith's arguments for raising living standards are still relevant today. More than that, they form the fundamental basis for classical economic theory.

By reflecting upon the economics at the beginning of the industrial revolution, the book treats broad topics such as the division of labor, division of stock, the progress of opulence, and more.