Adam Smith (5 June 1723 – 17 July 1790) is the father of modern economics, known in his era as Political Economics.
An Inquiry into the Nature and Causes of the Wealth of Nations, usually abbreviated as The Wealth of Nations, is considered his magnum opus and the first modern work of economics.
Smith's views embrace a liberal view of economics that envisions free markets where the price of goods and services are driven, not by Government fiat but by the "invisible hand of the market" shaped by competition, supply and demand.
Smith believed that when an individual pursues his self-interest, he indirectly promotes the good of society: "by pursuing his own interest, the individual frequently promotes that of the society more effectually than when he intends to promote it.
The Wealth of Nations Book 1- Audio
The Wealth of Nations, Book 2 - Audio
The Wealth of Nations - Podcast Excerpts
An introduction to Adam Smith - University of Wisconsin professor Charles Anderson
Adam Smith, Part 2 - University of Wisconsin professor Charles Anderson
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