Adam Smith Essay

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In 1764 Smith went to France where he acquainted with many eminent economists (Say).

In his book , Smith laid out a comprehensive defense of what he called "commercial society," analyzing at length and in detail the policies of a market society and their several advantages over more restrictive policies associated with alternative forms of economic order.

The book is today remembered largely for its images and metaphors: the pin factory that shows the remarkable advantages of divided, specialized labor and the invisible hand that generates wealth and promotes its distribution.

The history Here he studied moral philosophy, which included the basic sciences of society, including economy.

Smith was taught by one of the most prestigious Scottish educators Francis Hutcheson, which made a significant impact for him (Ross).


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