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Adam Smith (1723-1790) was one of the brightest stars of the
eighteenth-century Scottish Enlightenment. An Inquiry into the
Nature and Causes of the Wealth of Nations was his most important
book. First published in London in March 1776, it had been eagerly
anticipated by Smith's contemporaries and became an immediate
bestseller. That edition sold out quickly and others followed.
Today, Smith's Wealth of Nations rightfully claims a place in the
Western intellectual canon. It is the first book of modern
political economy, and still provides the foundation for the study
of that discipline. But it is much more than that. Along with
important discussions of economics and political theory, Smith
mixed plain common sense with large measures of history,
philosophy, psychology, sociology, and much else. Few texts remind
us so clearly that the Enlightenment was very much a lived
experience, a concern with improving the human condition in
practical ways for real people. A masterpiece by any measure,
Wealth of Nations remains a classic of world literature to be
usefully enjoyed by readers today.
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