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Essay

Adam Smith

Essay specific features

 

Issue:

Biographies

 

Written by:

Rose O

 

Date added:

November 25, 2011

 

Level:

University

 

Grade:

A

 

No of pages / words:

18 / 5002

 

Was viewed:

2038 times

 

Rating of current essay:

 
Essay content:

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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