Adam Smith: The Grandfather Of Economics
Economics Explained
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Adam Smith's Theory of Capital
Adam Smith laid out the logical progression of how people can create value. The wealth of nations basically said that there were key steps that a nation would take to grow its wealth. At first it would be an agrarian nation, pretty much because it's the easiest thing to do. But ultimately this was limited and what was potentially a better idea was to actually use that land you already had more efficiently by developing industry.
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