Adam Smith: The Grandfather Of Economics
Economics Explained
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The Importance of Manufacturing in the Industrial Revolution
In feudal times, the ideologies of Mechanalism basically held true. A nation was only really as good as the grains it could grow and the gold it could hoard. Adam Smith realized there was more to wealth than that. The advent of steam power made a lot of very smart people rethink how they saw wealth. This all also meant that people were incentivized to move from the farms and into the cities.
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