Enlightenment · Europe · Culture

1776

Adam Smith's Wealth of Nations

March 9, 1776

A Scottish moral philosopher published a long inquiry into how nations got rich. His answer - through divided labor, open markets, and self-interest restrained by competition - arrived in London just as empire was cracking. The book invented economics. Its admirers and its enemies have been quoting selectively ever since.

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Era

Enlightenment (1651–1800), one of 696 events from that era on Saeculum.