The Wealth of Nations (Adam Smith)

"The Wealth of Nations," written by Adam Smith in 1776, is a foundational text in economics that explores how nations can create wealth through free markets. Smith argues that individuals pursuing their self-interest can lead to broader societal benefits, a concept known as the "invisible hand." He emphasizes the importance of specialization and division of labor for increasing productivity and economic growth. Smith also discusses the role of government in maintaining fairness, protecting property, and providing public goods. Overall, the book lays the groundwork for modern capitalism and free trade principles.