Misinformed About Adam Smith
“Adam Smith, the creator of political economy wrote the Wealth of Nations. Wealth of Nations was the first written doctrine on how a nation can gain wealth and the practice of free markets. Philosophies like 'Division
Misinformed About Adam Smith
“Adam Smith, the creator of political economy wrote the Wealth of Nations. Wealth of Nations was the first written doctrine on how a nation can gain wealth and the practice of free markets. Philosophies like 'Division of Labor' and 'Market Price of Commodities' have shaped economic thought since 1776. His work has driven the world into a successful Industrial Revolution. His theories are very much relevant to this day but we are in an age where more is necessary. In this era of globalization and technology, education and intelligence is what sets people apart in the today's workforce. We live in an age where information is in absolute abundance. Billions of people have access to a world of knowledge at the touch of their hands through smartphones and tablets. But with all of this information and knowledge there is very little understanding.”
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