History of economic thoughtHistory of economic thought
Adam Smith was born in 1723 in the town of Kirkcadly, Scotland. At 17 he went to Oxford on a scholarship and in 1751, at the age of 28
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History of economic thoughtHistory of economic thought
However, while Smith arrived at an optimistic conclusion about future outcome of a free market system, Malthus and Ricardo, both adhering to the same natural laws, arrived at a fundamentally different, much less sanguine conclusions
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Review of His Work and His EraReview of His Work and His Era
At the same time, it was not a work that provided him admission to the economics establishment of his day. At the time, economists were less inclined to find redeeming qualities to his theories than much more sophisticated
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