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Summary
Adam Smith’s “An Inquiry into the Nature and Causes of the Wealth of Nations” is a foundational text in economic theory, often credited with laying the groundwork for modern capitalism. This comprehensive treatise examines the principles of free market economies, division of labor, and the role of self-interest in promoting societal prosperity. Smith’s exploration of supply and demand, the invisible hand, and the importance of competition has made this work a cornerstone in economic thought, influencing policymakers, economists, and thinkers for centuries.Book information
Genre
Politics and Government
