1776: Adam Smith’s Wealth of Nations promoted free enterprise

In 1776, an economics book titled was published to promote the concept of free enterprise.

Answer: The Wealth of Nations

In the year 1776, Adam Smith wrote a groundbreaking book in the field of economics that promoted the concept of free enterprise. The book, The Wealth of Nations, is one of the most influential books in the field of economics. In the book, the author discussed the concepts of the division of labor, free markets, and the concept of the "invisible hand," where people acting in their own self-interest actually contribute to the growth of the economy. Adam Smith argued against the concept of mercantilism and instead promoted a laissez-faire economy, where the government plays a minimal role in the economy. The concept of capitalism and classical economics is explained in the book The Wealth of Nations.

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