Title: Adam Smith

Essay Details

Subject: Biographies
Author: Arthur J
Date: April 13, 2012
Level: University
Grade: A
Length: 17 / 5002
No of views: 0
Essay rating: good 0, average 0, bad 0 (total score: 0)

Essay text:

But his analysis is rich with insight and remarkably dispassionate in its argument. Adam Smith recognized that the discovery of the New World not only brought wealth and prosperity to the Old World, but that it also marked a divide in the history of mankind. The passage that follows is the work of this economic theorist who discusses problems in a language readily understandable by everyone...

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The book was being written all during the years of strife between Britain and her colonies, but it was not published until 1776. In the passages which follow, Smith points to the impossibility of monopolizing the benefits of colonies, and pessimistically calculates the cost of empire, but the book appeared too late to have any effect upon British policy...

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