Wealth of Nations

The book introduces groundbreaking economic concepts, including labor dynamics, supply and demand, and the division of labor. It explores the accumulation of wealth, lending practices, and interest rates, illustrating how these factors contribute to economic prosperity. Additionally, it provides a robust defense of free-market capitalism, highlighting its role in fostering opulence within economies. Smith's insights laid the foundation for modern economic theory, making this work a pivotal text in understanding market dynamics.