Adam Smith: A pioneer of modern economicsA pioneer of modern economics This book is a practical and accessible guide to understanding the life and works of Adam Smith. In 50 minutes you will be able to: • Recognize and understand the main ideas behind the works of Adam Smith on philosophy and economics • Identify the impact his contributions had on future neoclassical economists and how The Wealth of Nations laid the foundations for modern economics • Understand the limits and criticisms of his contributions highlighted by other economists ABOUT 50MINUTES | Economic Culture 50MINUTES provides the tools to quickly understand the main theories and concepts that shape the economic world of today. Our publications are easy to use and they will save you time. They provide elements of theory and case studies, making them excellent guides to understand key concepts in just a few minutes. They are the starting point for readers to develop their skills and expertise. |
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18th century absolute advantage Accessed 4 July According to Smith Adam Smith advantage and comparative Andlil Anne Robert Jacques Available behaviour book Smith classical economists comparative advantage CONCEPTS OF SYMPATHY country’s criticism customs in Edinburgh David Hume David Ricardo developed by Smith development of maritime division of labour Enlightenment family’s wishes give public lectures Glasgow Edition illustrates his argument impact impartial spectator individual Industrial Revolution Inquiry intellectual Jean-Baptiste SAY Karl Marx Kirkcaldy Larousse No date market price modern economics moral philosophy MORAL SENTIMENTS 1759 natural price Nature and Causes neoclassical economists Online oppose protectionism Paris pensée économique philosopher Physiocrat François Quesnay principle published The Theory quantity produced Robert Jacques TURGot Rothbard Scotland Scottish Smith demonstrated Smith explains Smith’s ideas specialisation of workers Taylor theory of absolute Theory of Moral theory of value thinkers thought that value University of Glasgow Wealth of Nations wellbeing worker specialisation writing The Wealth www.50minutes.com