Oct 14, 2011

What Motivated Adam Smith?

Why did Adam Smith, considered by many to be the father of economics, write The Wealth of Nations in 1776? Prof. James Otteson suggests that one of Adam Smith’s main concerns was poverty, which, at the time of Smith’s writings, was much worse than the poverty of today. After analyzing centuries of data, Smith found that commerce and limited government to be the best tool for alleviating poverty.

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