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Wealth of Nations

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  • What was the main idea of The Wealth of Nations?

    The two major ideas in "The Wealth of Nations" are a free market and an invisible hand.
    A free market is an economic system with little to no government interference.
    The invisible hand is the idea that people's self-interest helps them make decisions that benefit themselves, and in the long term, society.

  • What is the main principle of Adam Smith's Wealth of Nations '?

    The central thesis of Smith's The Wealth of Nations is that our individual need to fulfill self-interest results in societal benefit.
    He called the force behind this fulfillment the invisible hand.

  • Is The Wealth of Nations hard to read?

    Adam Smith tries hard to get his ideas across in a clear way, but the fact remains that this is an economics textbook from 1776.
    So, um, it's not the easiest of reads.

  • Adam Smith, The Wealth of Nations, 1776.
    Adam Smith was the 'forefather' of capitalist thinking.
    His assumption was that humans were self serving by nature but that as long as every individual were to seek the fulfillment of her/his own self interest, the material needs of the whole society would be met.
First published in 1776, the book offers one of the world's first connected accounts of what builds nations' wealth, and has become a fundamental work in  Synopsis · Book III: Of the different · Reception and impact · Greater BritainAutres questions

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Wealth of Nations