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Today in History: Adam Smith's The Wealth of Nations published

3/9/2025

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Summary

Story summary

On March 9, 1776, Adam Smith published "The Wealth of Nations," a groundbreaking work in economics that laid the foundation for modern economic theory. This influential book explores the factors contributing to national wealth, including the division of labor and free markets, marking a significant shift in understanding political economy during the Industrial Revolution.

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Story summary

On March 9, 1776, Adam Smith published "The Wealth of Nations," a groundbreaking work in economics that laid the foundation for modern economic theory. This influential book explores the factors contributing to national wealth, including the division of labor and free markets, marking a significant shift in understanding political economy during the Industrial Revolution.