Adam Smith's conceptual contributions to international economics: Based on the Wealth of Nations

The 1776 dated “Wealth of Nations” work of Adam Smith has formed economic dimension of the Industrial Revolution and also transformed economics into the identity of a social science. As if the wealth of nations, namely the welfare increase became the top goal two and a half centuries ago, it is the top goal today and in the future as well. So understanding Smith’s works well carries importance in fighting against poverty in the world. According to Smith, in the basis of the welfare increases (wealth of nations) are labor and cooperation. Tendency underlying cooperation is the tendency of swap. It is considered that understanding Smith’s works well will provide solution for poor countries and therefore contribute to poor population in the world to decrease. For solving poverty and problems concerning welfare (destitution, hunger, etc.), Smith’s works need more historic examination. In this study it was aimed to contribute to the given examination.


Issue Date:
2011-01
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/204189
Published in:
Business and Economic Horizons, Volume 04, Issue 1
Business and Economic Horizons
Page range:
108-119
Total Pages:
12
JEL Codes:
B12; F13; F41; F59
Series Statement:
4
9




 Record created 2017-04-01, last modified 2017-11-22

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