An Inquiry into the Nature and Causes of the Wealth of Nations (generally referred to by the short title The Wealth of Nations) is the masterpiece of the Scottish ecomist and moral philosopher Adam Smith. It was first published in 1776. It is an account of ecomics at the dawn of the Industrial Revolution, as well as a rhetorical piece written for the generally educated individual of the 18th century - advocating a free market ecomy as more productive and more beneficial to society. The book is often considered to have laid the basic groundwork for modern ecomic theory.