Adam Smith's The Wealth of Nations was recognized as a landmark of
human thought upon its publication in 1776. As the first scientific
argument for the principles of political economy, it is the point of
departure for all subsequent economic thought. Smith's theories of
capital accumulation, growth, and secular change, among others, continue
to be influential in modern economics.
This reprint of Edwin Cannan's definitive 1904 edition of The Wealth of
Nations includes Cannan's famous introduction, notes, and a full index,
as well as a new preface written especially for this edition by the
distinguished economist George J. Stigler. Mr. Stigler's preface will be
of value for anyone wishing to see the contemporary relevance of Adam
Smith's thought.