Adam Smith and Classical Economics
Date Submitted: 08/29/2004 11:17:49
Category: / Society & Culture / People
Length: 4 pages (1040 words)
Category: / Society & Culture / People
Length: 4 pages (1040 words)
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…goods that society wants, in the quantities that society desires, and that society wants, in the quantities that society is prepared to pay. Adam Smith died in 1790. His theories continue to be widely read. Karl Marks even followed his teachings. He was the first person to really understand and describe how a free market functioned. He educated England and Western Europe in the importance of a free market and how the market kept society together.
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