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Events on Saturday 9 March 1776 1
1776Adam Smith publishes The Wealth of NationsFoundational work of modern economics appears in LondonAdam Smith published An Inquiry into the Nature and Causes of the Wealth of Nations in London, laying out ideas on free markets, the division of labour, and self-interest as drivers of economic activity. The book became a foundational text of classical economics and shaped economic policy debates for centuries. It appeared the same year as the American Declaration of Independence.