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".
Author Biography
Adam Smith (1723-1790) was born in Glasgow and after being educated in Glasgow and Oxford, he held a number of academic posts before becoming tutor to the young Duke of Buccleuch. This post took him to France where he began writing his political treatise, THE WEALTH OF NATIONS. Andrew S. Skinner is Adam Smith Professor of Political Economy, Emeritus at Glasgow University and has published widely on Adam Smith and is the editor of the first three volumes of THE WEALTH OF NATIONS for Penguin.
