The Wealth of Nations

In 1776, two major events occurred in the capitalist world: first, the United States adopted the Declaration of Independence; second, the United Kingdom published The Wealth of Nations. "The Wealth of Nations" developed the modern discipline of economics and provided the theoretical basis for modern free trade, capitalism and libertarianism. Even 240 years later, "The Wealth of Nations" is still a classic that economists need to keep re-reading. Many factors in our modern lifestyle are deeply influenced by this book: the principles of market economy, state intervention in the economy, division of labor, fairness and efficiency, and the idea of ​​human capital. Interestingly, Adam Smith also explained why singers, performers, and dancers can get high wages. Readers can find the answers in the book. Nobel Prize winner in economics George Stigler once wrote in an article: When attending academic seminars, two sentences often heard are "Adam Smith has said this a long time ago!" And "Adam Smith never said this!" This is "The Wealth of Nations", which forms the basis of modern economics. Whether you oppose it or develop it, you can only build on this foundation.