The Wealth of Nations
Description
The Wealth of Nations is economist Adam Smith’s magnum opus and the foundational text of what today we call classical economics. Its publication ushered in a new era of thinking and discussion about how economies function, a sea change away from the older, increasingly-irrelevant mercantilist and physiocratic views of economics towards a new practical application of economics for the birth of the industrial era. Its scope is vast, touching on concepts like free markets, supply and demand, division of labor, war, and public debt. Its fundamental message is that the wealth of a nation is measured not by the gold in the monarch’s treasury, but by its national income, which in turn is produced by labor, land, and capital.
Some ten years in the writing, The Wealth of Nations is the product of almost two decades of notes, study, and discussion. It was released to glowing praise, selling out its first print run in just six months and going through five subsequent editions and countless reprintings in Smith’s lifetime. It began inspiring legislators almost immediately and continued to do so well into the 1800s, and influenced thinkers ranging from Alexander Hamilton to Karl Marx.
Today, it is the second-most-cited book in the social sciences that was published before 1950, and its legacy as a foundational text places it in the stratosphere of civilization-changing books like Principia Mathematica and The Origin of Species.
Read free
This ebook is thought to be free of copyright restrictions in the United States. It may still be under copyright in other countries. If you’re not located in the United States, you must check your local laws to verify that this ebook is free of copyright restrictions in the country you’re located in before accessing, downloading, or using it.
Download for ereaders
-
Compatible epub — All devices and apps except Kindles and Kobos.
-
azw3 — Kindle devices and apps. Also download the Kindle cover thumbnail to see the cover in your Kindle’s library. Despite what you’ve been told, Kindle does not natively support epub. You may also be interested in our Kindle FAQ.
-
kepub — Kobo devices and apps. You may also be interested in our Kobo FAQ.
-
Advanced epub — An advanced format that uses the latest technology not yet fully supported by most ereaders.
Read online
A brief history of this ebook
More details
Sources
Page scans
Other sources
Improve this ebook
Anyone can contribute to make a Standard Ebook better for everyone!
To report typos, typography errors, or other corrections, see how to report errors.
If you’re comfortable with technology and want to contribute directly, check out this ebook’s GitHub repository and our contributors section.
You can also donate to Standard Ebooks to help fund continuing improvement of this and other ebooks.