Adam Smith was not the earliest pioneer of economic theory, and many of his most famous ideas were not new and unique. However, he proposed a comprehensive and systematic economic theory for the first time, laying a good foundation for the development of the field. Therefore, it can be said that "The Wealth of Nations" is the starting point of modern political economics research.
The Wealth of Nations is far from an academic treatise as is commonly thought of. Although Smith also advocated laissez-faire, his arguments were more against government intervention and against monopoly; although he praised the results of greed, he almost always despised the behavior and strategies of businessmen. Nor did he think that the business system itself was entirely praiseworthy.
Reader comments
Although Smith supported laissez-faire freedom in his book, he also opposed government intervention and monopoly. He is somewhat disdainful of the businessman's behavior, but this also shows that he has his own ideas. The book also mentions that division of labor is not a product of human wisdom, but stems from the tendency of exchange in human nature. This idea is very new. As the book says, "This tendency is unique to humans and is difficult to find in other animals." It really gave me new thinking about human nature. All in all, this book is well worth reading!
Support Smith, support The Wealth of Nations, and support market economy.
Although Smith supported laissez-faire freedom in his book, he also opposed government intervention and monopoly. He is somewhat disdainful of the businessman's behavior, but this also shows that he has his own ideas. The book also mentions that division of labor is not a product of human wisdom, but stems from the tendency of exchange in human nature. This idea is very new. As the book says, "This tendency is unique to humans and is difficult to find in other animals." It really gave me new thinking about human nature. All in all, this book is well worth reading!
Support Smith, support The Wealth of Nations, and support market economy.