Econ 479

The Art of Writing, the Science of Economics

On Adam Smith

Each reader finds in The Wealth of Nations something different, but all of us wrestle with the economic concepts he set forth:

Measured by fame and lasting influence, there is no other book on economics that comes close to “The Wealth of Nations” by Adam Smith. Many aspects of this book, first published in 1776, have become cornerstones of neoclassical economics: the organizing power of self-interest, the “invisible hand” of free markets and the crucial role of the division of labor are just three examples.

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Written by gregorymcnamee

October 4, 2010 at 3:02 am

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