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Reason
Reason
J.D. Tuccille

250 Years Later, The Wealth of Nations Still Has Lessons To Offer the Political Class

Few books can be said to have withstood the test of time 250 years later, but Adam Smith's An Inquiry into the Nature and Causes of the Wealth of Nations (usually shortened to The Wealth of Nations), published for the first time in 1776, certainly has. At a time when even the governments of nominally free countries once again dabble with guiding economies, and the president of the United States rails against trade as if it's a team sport where some countries are winners and others are losers, Smith's book reminds us that unfettered societies are both good and productive, and that free trade produces the best outcomes for all.

'Every Individual…Can In His Local Situation Judge Much Better Than Any Statesman'

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