An Inquiry Into the Nature and Causes of the Wealth of Nations

Published in 1776, this seminal work is regarded as the first modern economics text, establishing foundational principles of capitalism. Adam Smith, recognized as a leading social philosopher and the father of modern economics, explores the nature and causes of wealth, influencing economic thought profoundly. His insights remain essential for students of economics, and he is celebrated as one of Scotland's greatest figures, particularly in his birthplace, Kirkcaldy. Smith's legacy continues to shape economic discourse today.