This classic work by Adam Smith is considered to be the foundation of modern economic thought. Written in 1776, The Wealth of Nations is a comprehensive look at the economic systems of the day and how they can be improved. Smith examines the role of the state in the economy, the role of
An Inquiry into the Nature and Causes of the Wealth of Nations, usually referred to by its shortened title The Wealth of Nations, is a book by Scottish economist and moral philosopher Adam Smith. Published on 9 March 1776 as Smith's central intellectual project, the treatise sought to examine and explain the underlying political and economic principles by which commercial and industrial societies generate wealth. It has become a fundamental work in classical economics, and been described as "the first formulation of a comprehensive system of political economy". Smith radically transformed economic thought, laying the foundations for policies that would produce unprecedented increases in productivity and wealth.