Here is the synopsis of our sample research paper on THE WEALTH OF NATIONS: ECONOMICS OF POLITICS
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Essay / Research Paper Abstract
This 5 page paper discusses the thesis of the ecohomics of politics as they apply to both developed and emerging countries. Adam Smith's Wealth of Nations is referred to in terms of the economic developement criteria and the role of government. Bibliography lists 2 sources.
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5 pages (~225 words per page)
File: D0_MBwonats.rtf
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Unformatted sample text from the term paper:
nation in the world is in some way involved in the application of the analytic technique of modern economics. This discovery, in turn, has shown that many of the basic
human motivations in the political arena are indeed influenced by economic theories. Adam Smiths, Wealth of Nations, illustrates that the economic development and economic process needs, peace, low taxes, and
honest government. This paper will endeavor to uncover the similarities between the economics of politics in both developed nations and the emerging countries.
Adam Smith, in his ground breaking book, The Wealth of Nations, discusses such economic/political issues as: division of labor, the origin and use of money, how prices are
determined, how wages are determined, profits, income inequalities, how capital is accumulated and used, why different nations have achieved different levels of wealth, taxation, and political economy. Most notable, considering
that Smith wrote this work in the late 1700s, Smith theorized that government interventions in the naturally occurring rhythms of the marketplace would have disastrous and inefficient results. This has
been proven true in nearly every country which has attempted it. For example, at the heart of communism is the idea
that there should be a collectivism. This idea basically put meant that the government legislated everything including the factors impacting their international and domestic marketplaces. As a result, though the
Russian Revolution allowed some progress to be made, in the end, the country went broke. This is because, as Smith would state, the government was too heavy handed in attempting
to place a stranglehold on the ebb and flow of inflation and deflation(**). Consider, briefly, what happened when the bottom dropped
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