Profiles

In his monumental work, An Inquiry into the Nature and Causes of the Wealth of Nations , Adam Smith captured the spirit of the new industrial and commercial system and presented its theoretical defense . in a form which dominated the thought of the most influential writers of political...

The period which encompasses, roughly, the years from 1836 to 1870, was the critical one for political economy as conceived by Adam Smith. It was at this juncture that some of the inconsistencies in the doctrine of the Classical Economists of the earlier years came to be questioned, that certain...