The Wealth of Nations

Adam Smith’s The Wealth of Nations has been a foundational text in economics since its publication in 1776, influencing thinkers across generations. Smith argues that a nation’s economic advancement relies on free trade and the division of labor, suggesting that economic growth tends to occur naturally within a self-regulating system. However, he also addresses potential pitfalls, such as the risk of special interests and monopolies exploiting the system at the expense of the broader population.