THE WEALTH OF NATIONS

Even after two centuries since its first publication in 1776, The Wealth of Nations remains as influential as it was deemed before. Smith has elaborated on his thesis that it is human’s natural inclination towards self-interest that leads to prosperity; they add to public interest through their everyday choices. This book gives an insight into extensive assessment of the creation of a nation’s wealth; it examines the division of labour, the origin and use of money, the division of stock, the rise and progress of cities and towns after the fall of the Roman Empire, the systems of political economy and the taxes on various private revenues.