Book Details
Format
Kindle
Pages
176
Language
English
Published
Jan 1, 2011
Publisher
Continuum USA
ISBN-10
1283004313
ISBN-13
9781283004312
Description
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.
Genres
Business & Economics
Nature