Adam Smith Wealth of Nations

Adam Smith’s The Wealth of Nations was recognized as a landmark of human thought upon its publication in 1776. As the first scientific argument for the principles of political economy, it is the point of departure for all subsequent economic thought. Smith’s theories of capital accumulation, growth, and secular change, among others, continue to be influential in modern economics.

For the sake of brevity, all commentaries on Adam Smith's book known as the Wealth of Nations have either sacrificed some of his ideas or replaced his ideas with some of the writer’s own.

“With an unsurpassed mastery of Adam Smith’s work Daniel Diatkine has written an important revisionist interpretation. By a determined concentration on the problems Smith himself saw and tried to solve, rather than the problems we may have wanted him to see and solve, Diatkine is able to set aside a good deal of the anachronism that still distorts our understanding of the Scottish thinker. Here a striking contribution is Diatkine’s focus on class as an important factor in Smith’s analysis of the detrimental role of the people who wielded capital.”