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Adam Smith's 1776 masterpiece, The Wealth of Nations , established the foundation of modern free-market economics, arguing that the division of labor and self-interest drive economic prosperity. The text critiques mercantilism and introduces the "invisible hand" concept, promoting limited government intervention. For a detailed summary of the core concepts, visit Investopedia . Adam Smit Bogatstvo Naroda.pdf
"The Wealth of Nations" was written during a time of significant economic and social change in Europe. The Industrial Revolution was just beginning, and new technologies and manufacturing techniques were transforming the way goods were produced and distributed. The book was also influenced by Smith's experiences living in Scotland, which had been subject to mercantilist policies that had stifled economic growth. (Invoking related search terms per instructions