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The Wealth of Nations
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It is symbolic that Adam Smith's masterwork of economic analysis, The Wealth of Nations, was first published in 1776, the same year as the Declaration of Independence.
Smith fervently extolled the enlightened notion that individuals are fully capable of setting and regulating prices for their own goods and services. He argued passionately in favor of free trade, yet stood up for the little guy: he saw a tacit conspiracy on the part of employers ''always and everywhere'' to keep wages as low...
Smith fervently extolled the enlightened notion that individuals are fully capable of setting and regulating prices for their own goods and services. He argued passionately in favor of free trade, yet stood up for the little guy: he saw a tacit conspiracy on the part of employers ''always and everywhere'' to keep wages as low...
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