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The foundational text of modern economic thought, the origin of laissez-faire economics and contemporary free market thinking
Adam Smith's The Wealth of Nations was recognized as a landmark of immediately upon publication in 1776. As the first serious, data-driven argument for the principles of political economy, it is the point of departure for all subsequent economic thought. Smith's argument that human self-interest is the primary driver of economic activity, and that in aggregate that self-interest—acting through a market freed from government intervention-guides markets and economies toward the best outcomes for business and society, remains foundational for contemporary free-market economics.
This edition presents the definitive 1904 version of The Wealth of Nations, painstakingly edited by Edwin Cannan and featuring Cannan's illuminating introduction, and notes, as well as a a full index. An additional preface by distinguished economist George J. Stigler places Smith's book and thought in a contemporary context. The result is the best edition of this classic for students and general readers alike.
Adam Smith's The Wealth of Nations was recognized as a landmark of immediately upon publication in 1776. As the first serious, data-driven argument for the principles of political economy, it is the point of departure for all subsequent economic thought. Smith's argument that human self-interest is the primary driver of economic activity, and that in aggregate that self-interest—acting through a market freed from government intervention-guides markets and economies toward the best outcomes for business and society, remains foundational for contemporary free-market economics.
This edition presents the definitive 1904 version of The Wealth of Nations, painstakingly edited by Edwin Cannan and featuring Cannan's illuminating introduction, and notes, as well as a a full index. An additional preface by distinguished economist George J. Stigler places Smith's book and thought in a contemporary context. The result is the best edition of this classic for students and general readers alike.
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