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The Rise Of Capitalism And Its Opposition
Beginning of essay
Developments in the 18th century paved the way for the emergence of modern capitalism. Among these developments was the thought of British philosopher, Adam Smith. Smith tried to show the existence of an economic order that would function most efficiently if the state played a limited role. He saw ....
Middle of essay
....h century, the individual who comes closest to being its originator is the Scottish philosopher Adam Smith. Smith first set forth the essential economic principles that underlie this system.
In his famous work, An Inquiry into the Nature and Causes of the Wealth of Nations (1776), Smith sought to show how it was possible to pursue private gain in ways that would further not just the interests of the individual, but also those of society as a whole. Society's interests are met by maximum produ.... |
| Number of words: 1892 |
Approximate pages: 7 |
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