The fourth book of this work is entitled "Of Systems of Political Economy," and argues against mercantilism. Its first section uses a pin factory to illustrate the concept of the division of labor. This work also introduced the concept that individuals pursuing their own interests promote the good of the market, which he called the "invisible hand." For 10 points, name this work published in 1776 by the economist Adam Smi
The fourth book of this work is entitled "Of Systems of Political Economy," and argues against mercantilism. Its first section uses a pin factory to illustrate the concept of the division of labor. This work also introduced the concept that individuals pursuing their own interests promote the good of the market, which he called the "invisible hand." For 10 points, name this work published in 1776 by the economist Adam Smith.
The fourth book of this work is entitled "Of Systems of Political Economy," and argues against mercantilism.
An Inquiry into the Nature and Causes of the {Wealth} of {Nations}