Adam Smith's Wealth of Nations, Is a Good Book?

In Adam Smith's book Wealth of Nations, he characterizes how complex it was to produce a pencil in the 1600s. The supply chain going back to where these things are acquired and getting all those pieces in the same place is extremely complex. All of that is done spontaneously through market forces, through price signals, and all of that corresponds completely without centralized control. It's a compelling argument for the free market.

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