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In Search of the Prerequisites for the Emerging of “Wealth of Nations”


  • Ivan Varbanov


The article considers the basic prerequisites leading to the writing of Wealth of Nations by Adam Smith. This is a brief presentation of the contradictory influence of French economists on his ideas. It reveals the circumstances and traditions of Glasgow University at the of Smith's studies there. It is an analysis of the influence of the three most prominent figures of the Scottish Enlightenment (Hutcheson, Mandeville, Hume) as well as Newton's influence on Smith. The connection between The Theory of Moral Sentiments and Wealth of Nations has been investigated. Smith's impact on modern science is pointed out.

Suggested Citation

  • Ivan Varbanov, 2006. "In Search of the Prerequisites for the Emerging of “Wealth of Nations”," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 59-73.
  • Handle: RePEc:bas:econth:y:2006:i:3:p:59-73

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    References listed on IDEAS

    1. Blaug,Mark, 1997. "Economic Theory in Retrospect," Cambridge Books, Cambridge University Press, number 9780521577014, May.
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    JEL classification:

    • B12 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Classical (includes Adam Smith)
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals


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