[Home]History of Adam Smith

HomePage | Recent Changes | Preferences

Revision 4 . . October 11, 2001 11:52 pm by Fare [Not first book in economics.]
Revision 3 . . (edit) September 10, 2001 10:42 pm by PaulDrye
  

Difference (from prior major revision) (no other diffs)

Changed: 13c13,15
The Wealth of Nations has become so influential since it did so much to create the subject of economics and develop it into an autonomous systematic discipline. In the western world, it is arguably the most influential book on the subject ever published. When the book, which has become a classic manifesto against mercantalism, appeared in 1776, there was a strong sentiment for free trade in both Britain and America. This new feeling had been born out of the economic hardships and poverty caused by the war. However, at the time of publication, not everybody was convinced of the advantages of free trade right away: the British public and Parliament still clung to mercantilism for many years to come. However, controversial views have been expressed as to the extent of Smith's originality in The Wealth of Nations. Smith has been blamed for relying too much on the ideas of great thinkers such as David Hume and Montesquieu. Nevertheless, The Wealth of Nations was the first and remains one of the most important books on the subject of economics into the present day.
The Wealth of Nations has become so influential since it did so much to create the subject of economics and develop it into an autonomous systematic discipline. In the western world, it is arguably the most influential book on the subject ever published. When the book, which has become a classic manifesto against mercantalism, appeared in 1776, there was a strong sentiment for free trade in both Britain and America. This new feeling had been born out of the economic hardships and poverty caused by the war. However, at the time of publication, not everybody was convinced of the advantages of free trade right away: the British public and Parliament still clung to mercantilism for many years to come. However, controversial views have been expressed as to the extent of Smith's originality in The Wealth of Nations. Smith has been blamed for relying too much on the ideas of great thinkers such as David Hume and Montesquieu. Nevertheless, The Wealth of Nations was the first widely influential book on the subject of economics, and remains one of the most important books in this field in the present day.

/Talk?

HomePage | Recent Changes | Preferences
Search: