Adam Smith
Adam Smith was an 18th-century Scottish economist, philosopher, and author who is best known for his two classic works, 'The Theory of Moral Sentiments' (1759) and 'An Inquiry into the Nature and Causes of the Wealth of Nations' (1776). He is often referred to as the father of modern economics for his contributions to the understanding of free market economies, division of labor, and the concept of an 'invisible hand' guiding the economy. His ideas have had a profound influence on economic theory and the development of capitalist systems around the world.
Books
This list of books are ONLY the books that have been ranked on the lists that are aggregated on this site. This is not a comprehensive list of all books by this author.
-
1. The Wealth of Nations
This influential economic book presents a groundbreaking theory that argues for free market economies. The author posits that individuals acting in their own self-interest within a system of natural liberty will result in societal benefit, a concept often referred to as the "invisible hand" theory. The book also critiques mercantilism and explores concepts such as the division of labor, productivity, and free markets. It is widely considered one of the foundational texts in the field of economics.
