mar 9, 1776 - Adam Smith's The Wealth of Nations
Description:
In The Wealth of Nations, Adam Smith argues that free trade and competition would be the best way to benefit all individuals, and the pursuit of self-interest in a competitive market would be enough to improve the lives of all citizens. His ideas became the foundation for economic liberalism and capitalism.Added to timeline:
Date:
mar 9, 1776
Now
~ 249 years ago