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This day in history
This Day in History
This Day in History is a free service of TheFreeDictionary.com

Adam Smith's
Published in 1776, An Inquiry into the Nature and Causes of the Wealth of Nations is the magnum opus of Scottish economist Adam Smith. It is a clearly written account of political economy at the dawn of the Industrial Revolution and is considered the first modern work in the field of economics. In it, Smith postulates the theory of the division of labor and emphasizes that value arises from the labor expended in the process of production. What was Smith's concept of "the invisible hand"? Discuss




Infoplease - This Day in History
Events from This Day in History from the Editors of Infoplease

Mar 9, 1796: Napoleon Bonaparte married Josephine de Beauharnais, widow of a ...


Mar 9, 1841: The Supreme Court ruled that the Amistad slaves were free.


Mar 9, 1862: The first battle between two ironclad ships, the Monitor (Union)...


More events from This Day in History: Mar 9