One of the great classics of economics, this influential work by the noted 18th-century philosopher and political economist was the first systematic formulation of classical English economics. Smith emphasizes that labor is the only source of wealth, and that its accumulation is the result of every individual's effort to improve his situation in life.
Adam Smith FRSA FRS FRSE was a Scottish philosopher and economist who was a pioneer in thinking on political economy and a key figure during the Scottish Enlightenment. He wrote two classic works, The Theory of Moral Sentiments (1759) and An Inquiry into the Nature and Causes of the Wealth of Nations (1776). The latter, often abbreviated as The Wealth of Nations, is considered his magnum opus and the first modern work that treats economics as a comprehensive system and as an academic discipline.
Authorities recorded his baptism on 16 June 1723 at Kirkcaldy.