The Wealth of Nations

<p>The Wealth of Nations also called An Inquiry into the Nature and Causes of the Wealth of Nations is the main work of the Scottish economist Adam Smith. Originally published in 1776 the book is today a fundamental work in classical economics. By using the Industrial Revolution as a reference the book addresses broad topics as the division of labour productivity and free markets. It presents one of the world's first collected descriptions of what builds nations' wealth. Adam Smith was among the first ones to declare that wealth is created through productive labor and that self-interest motivates people to put their resources to the best use. He argued that profits flowed from capital investments and that capital gets directed to where the most profit can be made. Smith was a Scottish economist a pioneer of political economy and a key figure during the Scottish Enlightenment. He is also known as The Father of Economics or The Father of Capitalism. </p><p><br></p>