Smith is regarded as the founder of economic theories.

Adam Smith's influence on society may be seen in the fact that he is known as "The Father of Economics." The world came to understand human foresight as a result of his writings being examined in the middle of the 18th and early 19th centuries. Among all economists, Adam Smith is recognized as having the most influence.

Although he was a lecturer at Edinburgh University and then Glasgow University, it was his work that brought him prominence. One of the United States' founding fathers, Alexander Hamilton, was significantly affected by Adam Smith's "An Inquiry into the Nature and Causes of the Wealth of Nations," often known as "The Wealth of Nations." Smith's ideas and beliefs were used to influence the American economy while he served as secretary of the treasury. Even today, the ideas of GDP, the significance of free markets, and the significance of assembly-line industrial techniques are still widely employed.

The earliest modern work in economics is known as "The Wealth of Nations," which is really a five-book series. Smith tried to explain the nature and reasons behind a country's success by using incredibly specific instances. He formed a criticism of the economic system as a result of his investigation. The two things about Smith that are most well-known are his criticism of mercantilism and his idea of the "invisible hand" that controls economic activity.

Considered to be arguably possibly the most significant work on the topic ever written, "The Wealth of Nations" is a classic. The most influential work on free-market capitalism, without a doubt.