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EP. 09 The Enlightenment

Uncancelled History

CHAPTER

What Smith Meant by the Enlightenment Is That the Global Economy Is a Fixed Pie of Values

Adam Smith wrote The Wealth of Nations in the 18th century. He argued that governments didn't know how to make money, so they should maximize exports and minimize imports. Global population has increased tenfold from 1770 to 2020; quality of life is "off the charts," he says.

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