An Inquiry into the Nature and Causes of the Wealth of Nations

About this book

The foundational text of modern economic thought the origin of laissez-faire economics and contemporary free market thinking Adam Smiths The Wealth of Nations was recognized as a landmark of immediately upon publication in 1776. As the first serious data-driven argument for the principles of political economy it is the point of departure for all subsequent economic thought. Smiths argument that human self-interest is the primary driver of economic activity and that in aggregate that self-interest--acting through a market freed from government intervention-guides markets and economies toward the best outcomes for business and society remains foundational for contemporary free-market economics. This edition presents the definitive 1904 version of The Wealth of Nations painstakingly edited by Edwin Cannan and featuring Cannans illuminating introduction and notes as well as a a full index. An additional preface by distinguished economist George J. Stigler places Smiths book and thought in a contemporary context. The result is the best edition of this classic for students and general readers alike.