The great Scotsman Adam Smith is considered by many to be the father of Capitalism. The Wealth of Nations is an amazing book that can take you on many an unintended journey. From the Cost of labour to the Cost of War. From Colonization to the true cost of protectionism. Written in 1776 is is still relevant and gives you a perspective from before Canadian Confederation. From the cost efficiency of slavery to its abolishment this is worthy the hours needed to read it. Please click on the YouTube, like it if you do , subscribe if you care and comments are welcome .
The main theme of Adam Smith’s The Wealth of Nations is the economic principles of free market capitalism. Smith argues that the free market is the most efficient and effective way to allocate resources and create wealth. He also discusses the importance of competition, the role of government in the economy, and the effects of international trade.
Adam Smith was strongly opposed to slavery. He argued that slavery was inefficient and that it was morally wrong to deny people their freedom. He also argued that slavery was a major impediment to economic growth and development.
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