The Wealth of Nations, Books IV-V (Penguin Classics)

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Adam Smith (1723-90) was born in Glasgow and educated at Glasgow and Oxford.  Two years after his return to Scotland, Smith moved to Edinburgh, where he delivered lectures on Rhetoric. In 1751 Smith was appointed Professor of Logic at Glasgow, but was translated to chair of Moral Philosophy in 1752. His The Theory of Moral Sentiments was published in 1759 and The Wealth of Nations in 1776, the same year as the Declaration of Indpendence.

Andrew Skinner teaches at the Adam Smith Institute and is an expert on the author’s work.

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