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The Wealth of Nations: An Inquiry into the Nature and Causes of the Wealth of Nations is Adam Smith's seminal work on economics, first published in 1776. Regarded as the foundation of modern economic thought, this classic explores how nations achieve prosperity and examines the forces that drive trade, markets, and growth.
Through detailed analysis of labor, capital, and production, Smith explains the division of labor, the principles of free markets, and the concept of the "invisible hand," showing how individual self-interest can promote societal well-being. He critiques mercantilist policies and outlines the proper roles of government in defense, justice, infrastructure, and public education.
Combining historical examples with timeless economic insight, this work remains essential reading for anyone interested in economics, political economy, history, or the development of modern society. Its lessons on productivity, trade, and governance continue to shape discussions on wealth, markets, and public policy today.
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