An Inquiry Into the Nature and Causes of the Wealth of Nations Study Guide

An Inquiry Into the Nature and Causes of the Wealth of Nations

An Inquiry Into the Nature and Causes of the Wealth of Nations by Adam Smith

An Inquiry Into the Nature and Causes of the Wealth of Nations is a book published in 1776 about the source of national wealth, focusing on the division of labor in free markets. Smith asserts that there are two main ways nations prosper: by maximizing and streamlining the division of labor and by increasing productive labor that further fuels the economy. Smith presents an argument against multinational corporations and governmental protectionism in his famous notion of the "invisible hand" that, he claims, causes individual self-interest to benefit the local community.

An Inquiry Into the Nature and Causes of the Wealth of Nations Book Notes