The Wealth of Nations: Books IV-V

The second part of Adam Smith’s economic theory, stating the argument for free trade

Smith’s THE WEALTH OF NATIONS was the first comprehensive treatment of political economy. Originally delivered in the form of lectures at Glasgow, the book’s publication in 1776 co-incided with America’s Declaration of Independence. These volumes include Smith’s assessment of the mercantile system, his advocacy of the freedom of commerce and industry, and his famous prophecy that America will be one of the foremost nations of the world .