The Wealth of Nations

In "The Wealth of Nations," Adam Smith presents a seminal exploration of economic principles that laid the foundation for classical economics. Written in a clear, engaging prose typical of the Enlightenment era, Smith intertwines philosophical insights with empirical observations, emphasizing the importance of free markets, competition, and the division of labor. His meticulous analysis of the labor theory of value, alongside discussions on price mechanisms and the role of self-interest, reveal ...