It is symbolic that Adam Smith’s masterpiece of economic analysis, The Wealth of Nations,
was first published in 1776, the same year as the Declaration of Independence.
In his book, Smith fervently extolled the simple yet enlightened notion that individuals
are fully capable of setting and regulating prices for their own goods and services. He
argued passionately in favor of free trade, yet stood up for the little guy. The Wealth
of Nations provided the first--and still the most eloquent--integrated description of the
workings of a market economy.
The result of Smith’s efforts is a witty, highly readable work of genius filled with
prescient theories that form the basis of a thriving capitalist system. This unabridged
edition offers the modern reader a fresh look at a timeless and seminal work that
revolutionized the way governments and individuals view the creation and dispersion of
wealth--and that continues to influence our economy right up to the present day.