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Cover of The Wealth of Nations by Adam Smith

The Wealth of Nations

  • 581 pages ยท about 10 hours
  • First published 1776
  • 123 editions
  • Free to read

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1 About this book

An Inquiry into the Nature and Causes of the Wealth of Nations, published in 1776, is the Scottish philosopher Adam Smith's examination of how commercial societies generate wealth. It is in five books. The first two deal with the division of labor and with the accumulation and use of capital; the third traces the different economic progress of different nations; the later books examine the economic systems and policies of his day and the revenue of the state. It is regarded as a founding work of classical economics.

  • Economics
  • History
  • Politics and government
  • Business & economics
  • United states, politics and government
  • Communism
  • Finance
  • Business

2 What to expect

The founding book of modern economics, from 1776: a long inquiry into how nations grow rich, through the division of labor, markets and trade, and where governments help or hinder. It is less dogmatic than its reputation, full of historical examples and digressions. The eighteenth-century prose is clear but slow, and many editions for general readers are abridged.

Good for readers who want: the foundations of economics, Enlightenment thought, and a landmark classic.

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4 About Adam Smith

1723โ€“1790

Adam Smith (baptised 16 June [O.S. 5 June] 1723 โ€“ 17 July 1790) was a Scottish economist and philosopher who was a pioneer in the field of political economy and key figure during the Scottish Enlightenment. Seen by many as the "father of economics", or the "father of capitalism", he is primarily known for two classic works: The Theory of Moral Sentiments (1759) and An Inquiry into the Nature and Causes of the Wealth of Nations (1776).

Bio adapted from Wikipedia (CC BY-SA 4.0)

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