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The Wealth of Nations was published in 1776 by Adam Smith and it is one of the most important economic works in economic history since the date. What set Adam Smith’s work apart was the follows:
1) He believed in that self-interest is God's providence
2) He believed in that if government is away from interfering with free competition, the invisible hand of capitalism will emerge from the competing claims of individual self-interest
3) He believed in that free market problems will be resolved and maximum efficiency will be reached
Life of Adam Smith gives a full account of Smith's life whilst also placing his work into the context of his life and times. The book examines the personality, career, and social and intellectual circumstances of the Scottish moral philosopher regarded as the founder of scientific economics.
This book provides full background information about Adam Smith and his era to help readers more productively read through Adam Smith’s most important book The Wealth of Nations.