Adam SmithBloomsbury Publishing USA, 2013 M08 1 - 200 páginas The Scottish philosopher Adam Smith (1723-1790) was as a pioneer of political economy. In fact, his economic thought became the foundation of classical economics and his key work, An Inquiry into the Nature and Causes of the Wealth of Nations, is considered to be the first modern work in economics. For Smith, a free competition environment was the best way to foster economic development that would work in accordance with natural laws. The framework he set up to explain the free market remains true to this day. |
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... benefit for the good of society from them. The conclusions of WN are therefore largely in favor of limiting political interference in markets. Each individual knows his own situation—including his goals and desires, as well as the ...
... benefit for the good of society from them. The conclusions of WN are therefore largely in favor of limiting political interference in markets. Each individual knows his own situation—including his goals and desires, as well as the ...
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... benefit the favored businessmen, but such policies just as certainly impose artificial costs on everyone else. Smith argues that the way to deal with such attempts at legalized monopoly is typically not to regulate them, however, but ...
... benefit the favored businessmen, but such policies just as certainly impose artificial costs on everyone else. Smith argues that the way to deal with such attempts at legalized monopoly is typically not to regulate them, however, but ...
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James R. Otteson. So although markets and division of labor provide great material benefits, Smith also believed they can deaden the mind and weaken the character. Nationally subsidized schooling might help, but it is not clear that ...
James R. Otteson. So although markets and division of labor provide great material benefits, Smith also believed they can deaden the mind and weaken the character. Nationally subsidized schooling might help, but it is not clear that ...
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... benefit others—even others they do not know and about whom they therefore have no particular concern, and without their intending to do so. Finally, one also sees in “Languages” an early example of Smith's desire to explain as much as ...
... benefit others—even others they do not know and about whom they therefore have no particular concern, and without their intending to do so. Finally, one also sees in “Languages” an early example of Smith's desire to explain as much as ...
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Contenido
13 | |
Part III Enduring Significance | 133 |
Conservative or Libertarian? | 164 |
Bibliography | 168 |
Index | 177 |
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