Smith's Wealth of Nations

6b. Adam Smith - McCulloch Edition 1853

Notes

Adam Smith’s The Wealth of Nations (1776) is a foundational work in economics, laying the groundwork for modern capitalism. It introduces key concepts such as the division of labor, free markets, and the “invisible hand,” which describes how individuals pursuing their own self-interest can benefit society as a whole. The book argues for limited government intervention in the economy, emphasizing the importance of competition, trade, and innovation in driving prosperity.

Description

Brown cloth cover with Embossing gold lettering with introduction, notes, life of the Author, and supplemental dissertations by J. R. McCulloch