The Wealth of Nations

Author: Adam Smith
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Comments: Powerfully effective and influential in Smith's day, it remains the classic description of free enterprise and capitalism. Parts are tedious, but read selectively, you'll gain great insight into the thoughts that helped shape America and modern Western Europe.
Description from [Editor's Review] One of the great classics of economics, this influential work by the noted 18th-century philosopher and political economist was the first systematic formulation of classical English economics. Smith emphasizes that labor is the only source of wealth, and that its accumulation is the result of every individual's effort to improve his situation in life.
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