Adam Smith’s groundbreaking work, An Inquiry into the Nature and Causes of the Wealth of Nations, delves into the principles that underpin economic prosperity and the functioning of free markets. Written during the Scottish Enlightenment, this influential text offers a thorough examination of political economy at the onset of the Industrial Revolution.
Smith explores key concepts such as the division of labor, the pursuit of self-interest, and the benefits of free trade, arguing for the efficiency and innovation fostered by a free market system. His analysis provides a robust defense of economic freedom, setting the stage for future economic thought and policy.
Smith’s accessible prose invites readers to engage with ideas that continue to shape global economic practices, making this work an essential read for anyone seeking to understand the roots of economic theory.
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