Today, at Liberty Matters, we join our friends in celebrating the 250th anniversary of the publication of Inquiry into the Nature and Causes of the Wealth of Nations in a six-part weekly essay series.
In this final essay, Craig Smith asks about the legacy of The Wealth of Nations and what we can still get from the 250-year-old book today. From the article:
The anniversary of the publication of The Wealth of Nations gives us an opportunity to pause and consider what Adam Smith accomplished by writing that book. As clichéd as it is, he was the founder of economics, and the fact that we commemorate the publication of his great book and recognize its influence on the development of the discipline is a tangible symbol of his lasting achievement.
In our time, there seem to be two common reactions to the anniversary of the publication of a “great” book.
(If you missed it, check out the first essay in the series by Eric Schliesser, the second essay by Maria Pier Paganelli, the third essay by Dennis C. Rasmussen, the fourth essay by Brianne Wolff, and the fifth essay by Jacob T. Levy.)
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