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wealth of nations
Essay specific features
Written by:
Maria S
Date added:
February 11, 2016
Level:
University
Grade:
A
No of pages / words:
2 / 510
Was viewed:
3641 times
Rating of current essay:
Essay content:
Smith suggested that in each of these phases society had developed institutions appropriate to that phase. This development in society and its institutions being at all times by self-interest and morality. According to Smith the institutions most appropriate to a period of commercial interdependence would provide for the governing authority to pursue a laissez faire policy in relation to the economy...
displayed 300 characters
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This development in society and its institutions being at all times by self-interest and morality. According to Smith the institutions most appropriate to a period of commercial interdependence would provide for the governing authority to pursue a laissez faire policy in relation to the economy. Smith justified this by arguing that people, through applying their talents and assets where they contributed to the production of the things potential buyers wanted...
displayed 300 characters
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