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ensuing from high customs and excise taxes. By the time of Smith’s birth, Kirkcaldy had shifted its focus from trade to manufacturing of linen, which led to its vital financial revival. This transformation seems more likely to have left a formative mark on Smith’s mature pondering in regards to the doctrines of comparative benefit and of market-excluding interventions by the federal government. In his Inquiry into the Nature and Causes of the Wealth of Nations, printed in 1776, the Scottish economist Adam Smith ( ) argued that the Amazing i want to hold your hand at 80 and say baby lets go hunting love your husband dog tagindividual pursuit of financial self-interest, unhindered by authorities interference, would promote economic and social well-being. “It just isn’t from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner,” he wrote, “however from their regard to their own curiosity. We tackle ourselves, not to their humanity however to their self-love, and never discuss to them of our own necessities, however of their advantages. Nobody however a beggar chooses to rely chiefly upon the benevolence of his fellow-citizens.” Smith argued that the natural workings of the free market would result in social progress, “as if by an invisible hand.” SMITH, Adam. An inquiry into the character and causes of the wealth of countries. To attempt to answer his huge questions, to inquire into the nature and causes of the wealth of nations, Smith inquires additionally into the nature and causes of justice, and into nature of
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