国富论

Is The Wealth of Nations outdated? This is the first reaction of many people, after all, it was completed in 1776.
Many people majoring in economics know that Western economics can be divided into microeconomics and macroeconomics according to different research objects. Macroeconomics is based on microeconomics, and the research of microeconomics is based on the assumption of economic man and perfectly competitive market, which is the core economic thought of Smith.
Therefore, The Wealth of Nations can be said to be the cornerstone of modern economics.
Some people believe that America's success stems from two things: the Declaration of Independence and the Wealth of Nations, both of which were published in the same year. They are considered America's "Declaration of Industrial Freedom" and have made an indelible contribution to America's economic and technological development.