Adam Smith’s ‘Wealth of Nations’ Helped Create the World’s Wealthiest Nation

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Adam Smith’s ‘Wealth of Nations’ Helped Create the World’s Wealthiest Nation Kenneth G. Pringle Wed, July 22, 2026 at 3:00 AM EDT 5 min read BA TSLA INTC “Every man, as long as he does not violate the laws of justice, is left perfectly free to pursue his own interest his own way, and to bring both his industry and his capital into competition with those of any other man, or order of men,” Adam Smith wrote in , published March 9, 1776. Thomas Jefferson didn’t get a chance to read Wealth of Nations before starting on the Declaration of Independence two months later. Jefferson’s assault was political, arguing that a free people had the right to reject a tyrannical king.

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As the 250th anniversary of the publication of Adam Smith's The Wealth of Nations is marked, the historical significance of the free market economy and capitalism is being re-examined. These ideological roots have served as the core driving force forming the foundation of the US economy's sustained growth and corporate activities. Investors should establish long-term portfolio strategies based on macroeconomic indicators and company-specific autonomous competitiveness.

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