About the Author
Adam Smith
1723-1790
Adam Smith (16 June 1723 – 17 July 1790) was aScottish social philosopher and a pioneer of political economy. Smith is best known for two classic works, *The Theory of Moral Sentiments* (1759) and *An...
Adam Smith (16 June 1723 – 17 July 1790) was aScottish social philosopher and a pioneer of political economy. Smith is best known for two classic works, *The Theory of Moral Sentiments* (1759) and *An Inquiry into the Nature and Causes of the Wealth of Nations* (1776). The latter, usually abbreviated as *The Wealth of Nations*, is considered his magnum opus and the first modern work of economics. **Source**: [Adam Smith](https://en.wikipedia.org/wiki/Adam_Smith) on Wikipedia.
Description
Adam Smith's The Wealth of Nations was recognized as a landmark of human thought upon its publication in 1776. As the first scientific argument for the principles of political economy, it is the point of departure for all subsequent economic thought. Smith's theories of capital accumulation, growth, and secular change, among others, continue to be influential in modern economics. This reprint of Edwin Cannan's definitive 1904 edition of The Wealth of Nations includes Cannan's famous introduction, notes, and a full index, as well as a new preface written especially for this edition by the distinguished economist George J. Stigler. Mr. Stigler's preface will be of value for anyone wishing to see the contemporary relevance of Adam Smith's thought.
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