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| Tekijä: | Harris Lord |
| Otsikko: | Adam Smith: Revolutionary for the Third Millennium? |
| Lehti: | Economic Affairs
2002 : SEP, VOL. 22:3, p. 37-42 |
| Asiasana: | ECONOMICS ECONOMIC THEORY ANALYTICAL REVIEW |
| Kieli: | eng |
| Tiivistelmä: | The full title of Adam Smith's great masterpiece is An Inquiry into the Nature and Causes of the Wealth of Nations, usually abbreviated as the Wealth of Nations. The author believes it could more accurately be expanded into An Inquiry into the Nature and Causes of the ever- increasing Wealth of Nations. Although full of historical information, Adam Smith's study was no static or backward-looking analysis. Adam Smith challenged the then prevailing belief in mercantilist control. He presented a picture of an '. . . orderly yet self-adjusting, dynamic economic system in which rising production, employment, investment and trade were linked spontaneously together by voluntary exchange . . .' Present-day governments and anti-globalisation protesters could learn a great deal from his writings. |
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