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Essay / Research Paper Abstract
This 5 page paper focuses on Wealth of Nations and explains, in first person, how the economist could change one's way of thinking about the world. Ideas about free trade are explored. No additional sources cited.
Page Count:
5 pages (~225 words per page)
File: RT13_SA209AS.rtf
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Unformatted sample text from the term paper:
the United States is based upon. It is something that many have supported for decades and centuries, and it is often a discussion found in political life today. The Republicans
and Democrats often disagree on issues concerning liberty but, as a student writing on this subject might want to point out, such issues masquerade as other things, or at least
they just do not seem to pertain to liberty. Yet, the abortion issue as well as the drug war each in their own way address issues of liberty. Other issues
such as taxation and the support of the free market are relevant too. These latter economical issues do not seem to pertain to liberty necessarily, but they do, which is
why Adam Smith is so important to the development of this country. In 1776, the famous economist Adam Smith first published his Wealth of Nations. Perhaps the most notable
feature of the work is the statement of the doctrine of natural liberty (Smith, 1965). Smith held high that "mans self-interest is Gods providence," and also believed that
if government abstained from interfering with free competition, the industrial problems would work themselves out (1965). These are very important concepts and the concept of free trade is one that
separates economists into ideological camps even today. Smith further believed that the practical maximum of efficiency would be reached with the free market ideology (1965). The doctrine was further applied
to international trade and so Smiths work is a classic argument in support of free trade (1965). Some might ask what free trade has to do with personal liberty. The
answer is, quite a bit. Personal liberty, again, is vital, and it is only through monetary freedom and success that people are able to enjoy personal liberty. While I used
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