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An Inquiry into the Nature and Causes of the Wealth of Nations , generally referred to by its shortened title The Wealth of Nations , is the magnum opus of the Scottish economist and moral philosopher Adam Smith .. Adam Smith. Adam Smith. magnum opus. Masterpiece. Scottish. Scottish people. economist. economist. philosopher. philosopher. First published in 1776 , 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 .. classical economics. classical economics. By reflecting upon 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 .. Industrial Revolution. Industrial Revolution. division of labour. division of labour