In this episode, we explore Adam Smith’s seminal 1776 work, The Wealth of Nations, a foundational text that helped shape the field of classical economics. Set against the backdrop of the Industrial Revolution and in opposition to the dominant mercantilist theories of the time, Smith’s work offers a comprehensive analysis of how economies function. We walk through the structure of the book’s five sections, covering concepts like the division of labour, capital accumulation, and public finance. Key themes such as the “invisible hand” and the role of free markets are unpacked, along with the book’s profound and lasting influence on economic theory and policy. A must-listen for anyone interested in the roots of modern economics.

DisclaimerThis podcast episode includes commentary and analysis based on The Wealth of Nations by Adam Smith. All content is intended for educational and informational purposes. We do not claim ownership of any copyrighted material referenced, and all rights remain with the original author and publisher. This use is in line with fair use principles under applicable copyright laws.