Show Notes
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#divisionoflabor #invisiblehand #mercantilism #freetrade #naturalfreedom #TheWealthofNations
Adam Smith’s The Wealth of Nations is an 18th-century work of political economy that became the foundational text of modern economics. First published in 1776, it examines how wealth is created, distributed, and expanded through labor, exchange, specialization, and market institutions rather than by simply accumulating money or precious metals. The Modern Library edition presents this classic in a format aimed at contemporary readers while preserving its original intellectual scope. Smith’s purpose is not to offer a narrow technical manual but to explain how economic life actually operates within society, including the roles of competition, prices, wages, trade, and government. The book is also a broader argument about human behavior and public order: individual self-interest can generate social benefits when markets are allowed to function within a stable legal framework. Because of this combination of economic analysis, moral philosophy, and policy critique, the work remains central for readers who want to understand the origins of capitalism and the logic behind free-market thinking.