| Category | Economics / Economic Theory |
| Author | (UK) Adam Smith |
| English Title | The Wealth of Nations An Inquiry into the Nature and Causes of the Wealth of Nations |
| Year of Publication | 1776 (Original) 1972 (Simplified Chinese Edition) |
| Related Links | The Wealth of Nations @ Wikipedia 国富论 @ Chinese Wikipedia |
Summary:
Adam Smith, a renowned British economist, is widely regarded as the Father of Modern Economics. What many people don’t know is that he was also a philosopher. In addition to The Wealth of Nations, he also authored the philosophical work The Theory of Moral Sentiments.
This book is his masterpiece, and it established his legacy in the history of economic thought. It is a must-read for anyone studying economics.
The book emphasizes the self-regulating nature of the market and opposes excessive government intervention in the economy. It also introduced the famous concept of the “invisible hand”.