Summary of Adam Smith's The Wealth of Nations

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Have you ever wondered what was the first book ever written about a certain subject? Well, Adam Smith’s The Wealth of Nations was the first book ever written about modern economics, all the way back in 1776.

The Wealth of Nations provides a comprehensive explanation of what creates countries' wealth. It’s a foundational text in classical economics, with Adam Smith being considered the father of economics as we know it. Smith focuses on broad issues such as the division of labor, productivity, and free markets by reflecting on economics during the start of the Industrial Revolution. The Wealth of Nations encapsulates ideas that are critical to comprehending modern civilization.