Adam Smith's Wealth of Nations was a seminal work in the early Industrial Revolution in Great Britain. With this book, Smith helped to lay the ideological (and therefore policy) foundations for the development of capitalism. read more
Adam Smith's Main Beliefs Smith’s ideas are a reflection on economics in light of the beginning of the Industrial Revolution, and he states that free-market economies (i.e., capitalist ones) are the most productive and beneficial to their societies. read more