Commentary
2026 commemorates the 250th anniversary of Adam Smith’s great work “An Inquiry into the Nature and Causes of the Wealth of Nations.” This book has probably been read more than any other economics book. It has been foundational for the discipline of political economy, and then later the evolving field of economics. Adam Smith was one of the most profound modern thinkers not only because of his contribution to economics, but also because of his contributions in moral theory.
