![]() ![]() Bust of Smith in the Adam Smith Theatre, Kirkcaldy Five editions of The Wealth of Nations were published during Smith's lifetime: in 1776, 1778, 1784, 17. ![]() Irrespective of historical influence, The Wealth of Nations represented a clear in the field of economics, comparable to Sir 's for, 's for, or 's for. It provided the foundation for economists, politicians, mathematicians, biologistsand thinkers of all fields to build upon. The result, An Inquiry to the Wealth of Nations, was a treatise which sought to offer a practical application for reformed economic theory to replace the and economic theories that were becoming less relevant in the time of industrial progress and innovation. The Wealth of Nations was the product of seventeen years of notes and earlier works, as well as an observation of conversation among economists of the time concerning economic and societal conditions during the beginning of the Industrial Revolution, and it took Smith some ten years to produce. ![]() Hamilton based much of this report on the ideas of, and it was, in part, Colbert's ideas that Smith responded to, and criticised, with The Wealth of Nations. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |