An Inquiry into the Nature and Causes of the Wealth of Nations
The Wealth Of Nations by Adam Smith – Adam Smith’s masterpiece, first published in 1776, is the foundation of modern economic thought and remains the single most important account of the rise of, and the principles behind, modern capitalism. Written in clear and incisive prose, The Wealth of Nations articulates the concepts indispensable to an understanding of contemporary society; and Robert Reich’s Introduction both clarifies Smith’s analyses and illuminates his overall relevance to the world in which we live.
As Reich writes, “Smith’s mind ranged over issues as fresh and topical today as they were in the late eighteenth century–jobs, wages, politics, government, trade, education, business, and ethics.”
Introduction by Robert Reich – Commentary by R. H. Campbell and A. S. Skinner – Includes a Modern Library Reading Group Guide
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About the Author
Although the exact date of Smith’s birth is unknown, his baptism was recorded on 16 June 1723 at Kirkcaldy.
A Scottish moral philosopher and a pioneer of political economy. One of the key figures of the Scottish Enlightenment, Smith is the author of The Theory of Moral Sentiments and An Inquiry into the Nature and Causes of the Wealth of Nations. The latter, usually abbreviated as The Wealth of Nations, is considered his magnum opus and the first modern work of economics. Adam Smith is widely cited as the father of modern economics.
Originally published: 9 March 1776