A logical conclusion from the principle of the invisible hand is that government should maintain a "laissez-faire" (meaning "let them be" in French) approach to the economy. Smith argued that a free market, where buyers and sellers are left to their own devices, is the most efficient system for generating wealth. Rather than a highly regulated economy with price controls, monopolies, and trade restrictions, he advocated for and competition.
The story of modern economics begins with a simple question: what makes a nation wealthy?
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The Wealth of Nations is a monumental work that introduces and elaborates on a number of revolutionary concepts. For the modern reader, these ideas form the bedrock of classical economic theory.