Adam Smith
Discover how the pursuit of individual self-interest and the division of labor naturally combine to generate universal prosperity, transforming the definition of national wealth from hoarded gold to the living standards of citizens.
Dividing production into specialized, repetitive tasks drastically increases labor productivity and spurs technological innovation.
The natural human propensity to barter and trade means that individuals acting purely out of self-interest will inadvertently organize a highly efficient economy.
The real value of any commodity is fundamentally derived from the labor required to produce or acquire it, while its market price naturally gravitates toward the combined cost of wages, rent, and profit.