On 9 March 1776, Scottish moral philosopher and pioneer of political economy, Adam Smith, published "An Inquiry into the Nature and Causes of the Wealth of Nations", a work of immense importance to the development of our modern world. Generally referred to by its shortened title The Wealth of Nations, it is the magnum opus of the Scottish economist and moral philosopher.
The book offers one of the world's first collected descriptions of what builds nations' wealth and is today a fundamental work in classical economics. Through reflection over the economics at the beginning of the Industrial Revolution the book touches upon such broad topics as the division of labour, productivity and free markets.
In it, Smith warned that a business-dominated political system would allow a conspiracy of businesses and industry against consumers, with the former scheming to influence politics and legislation.
Quote: "...in any particular branch of trade or manufactures, is always in some respects different from, and even opposite to, that of the public...The proposal of any new law or regulation of commerce which comes from this order, ought always to be listened to with great precaution, and ought never be adopted till after having been long and carefully examined, not only with the most scrupulous, but with the most suspicious attention." ~ Adam Smith 1776
via wikipedia: http://en.wikipedia.org/wiki/The_Wealth_of_Nations
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