The first edition of the novel was published in 1776, and was written by adam smith. Though many other writers expressed important economic ideas before adam smith, economics as a distinct subject started with his book.
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It is an interesting book. Adam smith and economic development: Adam smith proposed the definition of economics as the ‘study of wealth’ in his famous book, “the wealth of nations”.the scottish economist said that economics is a science of wealth that studies the process of production, consumption, and accumulation of wealth. He defined economics as the study of the nature and cause of national wealth. After a period of inaction in toulouse, where smith worked on his next book, they traveled to geneva and met voltaire, and then paris where smith proved an unlikely success in the salons. Adam smith declares an economic revolution in 1776 adam smith was a radical and a revolutionary in his time—just as those of us who preach laissez faire are in our time.
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