In Our Time cover image

The Wealth of Nations

In Our Time

00:00

I Didn't. And Smith Don't

The world of nations is devoted to capital accumulation, he says. Smith relies on one of those 18th century sort of assumptions about dominant passions. He doesn't mean making money but people will choose to consume less than they produce. Why? Because they want to put something aside to acquire something better at some future stage.

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