Wealth of Nations (book)

"The Wealth of Nations," written by Adam Smith in 1776, is a foundational book in economics that explores how countries create and grow their wealth. It explains that individuals pursuing their own interests, through free markets and competition, naturally lead to economic progress. Smith discusses concepts like supply and demand, the importance of specialization, and the role of government in supporting commerce. The book emphasizes that a well-functioning economy benefits society as a whole by encouraging innovation, efficiency, and productivity. It remains a key work for understanding how modern economies operate and the importance of economic freedom.