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.
Book Details
Format
Kindle
Pages
176 pages
Language
English
Published
Jan 1, 2011
Publisher
Continuum USA
Editions
3 editions
ISBN-10
1283004313
ISBN-13
9781283004312