14. The Wealth of Nations by Adam Smith
The Wealth of Nations, published in 1776, laid the groundwork for modern economics and the concept of free-market capitalism. Adam Smith articulated principles such as the “invisible hand” and the division of labor, revolutionizing how societies understand wealth and productivity. His treatise has profoundly influenced governments, industry, and economic policy worldwide, shaping debates on trade, regulation, and prosperity. Smith’s ideas continue to underpin economic theory and inspire policymakers.
