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Very Short Answer Questions · Q1

Q.Who wrote 'The Wealth of Nations', and in what year was it published?

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✓ Free question

An Inquiry into the Nature and Causes of the Wealth of Nations was written by the Scottish economist and philosopher Adam Smith and published in 1776. The book examined why some nations grow wealthier than others, and argued that the division of labour, free trade, and individuals pursuing their own self-interest in competitive markets are the key drivers of a nation's rising wealth — with government interference kept to a minimum. Because it is generally treated as the founding text of economics as a distinct academic discipline, Adam Smith is called the 'Father of Economics,' and this book marks the beginning of the classical school of economic thought covered in this chapter.

✓Final answer

Adam Smith wrote The Wealth of Nations (in full, An Inquiry into the Nature and Causes of the Wealth of Nations), published in 1776.

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