---
title: "The Wealth of Nations — Profile & Key Facts | Model Diplomat"
description: "The Wealth of Nations is Adam Smith's seminal work that established modern economics and free market theory, influencing economic policy reforms."
url: "https://modeldiplomat.com/learn/glossary/the-wealth-of-nations"
---

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Model Diplomat Research Team · Last reviewed June 22, 2026

TL;DR

- Adam Smith's seminal work that laid the foundations of modern economics and free market theory.
- What is the main argument of 'The Wealth of Nations'?
- When was 'The Wealth of Nations' published?
- Why is 'The Wealth of Nations' important?

[Leaders & Thinkers](https://modeldiplomat.com/learn/leaders/glossary)Updated June 22, 2026

Adam Smith's seminal work that laid the foundations of modern economics and free market theory.

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In 'The Wealth of Nations', Adam Smith discusses how trade can benefit all parties involved.

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