Research on the nature and causes of the wealth of peoples

Adam Smith (1723 - 1790) The modest professor of Edinburgh University worked on this book for ten years. The result of his work was the emergence of a monumental “research on the nature and causes of the wealth of peoples”, which largely determined the development of economic science and laid its foundations. The XVIII century became a turning point in the development of world trade and industry, there was a need to revise the existing economic theories. Smith was the first to formulate the idea of ​​the objectivity of the laws of the economy and explain the principles of the work of the free market. This approach is still the basis of economic education. The idea of ​​Adam Smith is still of interest. So, Margaret Thatcher claimed that she had a copy of this book with her