9 März 1776 Jahr - Wealth of Nations, Adam Smith

Beschreibung:

In The Wealth of Nations, Adam Smith starts his own economic revolution. It was written in 1776 to upend the mercantilist system. In this book, he discusses economic policies, the role of government, the accumulation of capital, and the production and exchange of goods. Adam Smith was famous for his term “The Invisible Hand” in which he refers to the unintentional benefits for society that result from a free market economy. The Wealth of Nations was so important because it was truly one of the first books of its time. Its ideas were so influential that they even influenced decisions during the American Revolution.