Quotulatiousness

November 18, 2015

Adam Smith – The Inventor of Market Economy I THE INDUSTRIAL REVOLUTION

Filed under: Britain, Economics, History — Tags: , , , , , , , , — Nicholas @ 05:00

Published on 22 Feb 2015

Adam Smith was one of the first men who explored economic connections in England and made clear, in a time when Mercantilism reigned, that the demands of the market should determine the economy and not the state. In his books Smith was a strong advocator of the free market economy. Today we give you the biography of the man behind the classic economic liberalism and how his ideas would change the world forever.

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