Theory & Philosophy Adam Smith's "The Wealth of Nations" (Part 3/4)
May 8, 2021
Explore Adam Smith's views on trade, wealth, and productivity. Learn about the consequences of flooding the market with a product and the concept of premiums. Discover the role of merchants in contributing to the wealth of a nation and the problematic views on colonization. Delve into the establishment of monopolies through state legislation and the relationship between commerce and agriculture.
Chapters
Transcript
Episode notes
1 2 3 4 5
Introduction
00:00 • 5min
Adam Smith's Perspective on Trade and the Wealth of Nations
05:27 • 12min
The Impact of Synthetic Price Lowering and Self-Regulation of Trade
17:09 • 2min
Merchants, Colonization, and the American Revolution
19:33 • 10min
Monopolies, Commerce, and Agriculture
29:35 • 7min