mar 28, 1776 - Adam Smith writes Inquiry into the Nature and Cause of the Wealth of Nations

Description:

Adam Smith was an economist and a leading figure in the Scottish Enlightenment. This book became the basis of modern economics and formulated the argument for classic economic liberalism. It was very critical of mercantilism, which had been the favored economic policies of nations for many years. Many merchant capitalists had begun to complain of regulation and call for free trade. Smith's provacative book would sell quickly and mark the beginning of a shift in economic policy.

Added to timeline:

Date:

Images: