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Adam Smith
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grew up in Scotland, which is home to David Hume, who is perhaps one of England’s greatest philosophers. Smith had a good childhood, he was raised with some money at hand, but he was certainly not rich. As far as his family goes, his father was a lawyer and held a public office in Scotland and his mother was a member of the Scotti .... Middle of paper
.... the goods. This is how the market worked at Smith’s time. However, the flaws with this theory are apparent in the examination of modern society.The second book that wrote was titled An Inquiry into the causes and Nature of the Wealth of Nations. It is believed to be a guide to the formulation of most governmental economic policies today. Its main thesis is that capital is best employed for the production and distribution of wealth with th ....
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Number of words: 1033
Number of pages: 4 (approx. 250 words per double-spaced page)
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