Wealth of Nations is a book by Adam Smith published in 1776, considered one of the most influential works in the history of economic thought and political philosophy. It is a treatise on political economy and a defense of laissez-faire economic ideas.
Here are some of the key points of The Wealth of Nations:
. The division of labor is the key to economic growth.
. Free trade benefits all countries involved.
. The government should play a limited role in the economy.
. The invisible hand of the market leads to the best allocation of resources.
The Wealth of Nations is a complex and challenging book, but it is also a rewarding one. It is a must-read for anyone who wants to understand he basic principles of economics and the free market system.
Here You can enter into Smith's thinking:
The invisible hand: