3 Review(s)

An Inquiry into the Nature and Causes of the Wealth of Nations is the magnum opus of the Scottish economist Adam Smith. It is a compelling account of economics at the dawn of the Industrial Revolution, as well as a rhetorical piece written for the generally educated individual of the 18th century—advocating a free market economy as more productive and beneficial to society. The work is hailed as a watershed in history and economics owing to its comprehensive, largely accurate characterization of economic mechanisms that survives in modern economics, and effective use of rhetorical technique including structuring the work to contrast real world examples of free and fettered markets.