Adam Smith’s Criticism of the Mercantilistic System in His Book The Wealth of Nations (352 words, 1 pages)
Adam Smith's Opinion of Corporations Adam Smith, a Scottish political economist and philosopher laid the foundations of the free-market economic theory with his book The Wealth of Nations. He criticized the restrictive, regulated, mercantilist system, and showed how the principles of free trade, competition, and choice would stimulate economic development, ...
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