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.

About the Author

George J. Stigler (1911-1991) taught at the University of Chicago for more than thirty years, helping to pioneer the Chicago School of economic theory. He received the Nobel Prize for economics in 1982. He was the author of, among other books, The Theory of Price, The Intellectual and the Marketplace and Other Essays, and The Citizen and the State: Essays on Regulation.

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