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Adam Smith Questions What is “the nature and causes of the wealth of nations?” Smith compared to Mercantilists Smith compared to Physiocrats Adam Smith Scottish moral philosopher and political economist Professor of philosophy at University of Glasgow Inquiry into the Nature and Causes of the Wealth of Nations – 1776 Father of economics Influenced by David Hume Framework of Analysis What are the questions that Adam Smith is asking? What is the nature of the “wealth of nations” – that is, how is economic welfare measured? What causes economic growth to take place? Framework of Analysis What a
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