This paper discusses Adam Smith's major economic theories in historical context, impact of his book "Wealth of Nations" on the development of the U.S., compared to Karl Marx and relevance to the late 20th Century.
# 21585 | 3,375 words | 7 sources | 1994 |
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From the Paper:"Two documents were published in 1776 which had profound effects on the social, political and economic future. The first, and the more brief of the two, outlined the reasons that the American colonies were willing to go to war to gain their independence from England. Forming the basis for a new type of government, The Declaration of Independence is the more famous of the two works. The other document, the 900-page tome, An Inquiry into the Nature and Causes of the Wealth of Nations, was written by a Scottish philosopher and was no less influential on determining the economic path of the American colonies than the Declaration was influential on determining its political path. This research examines Wealth of Nations and Smith's underlying principles and examines them in light of their historical ... "
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Adam Smith (2003, March 04) Retrieved October 21, 2020, from https://www.academon.com/comparison-essay/adam-smith-21585/
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