Adam Smith's The Wealth Of Nations

Decent Essays
During the eighteenth century, Adam Smith’s The Wealth of Nations said that the individuals right to pursue his own interests are the driving force within a healthy market that would allow for the spread of abundance to all. He postulated that it was the desire to accumulate stock and then increase that stock that caused men to pay others for their labor (Wealth of Nations 14). Man’s self-interest directed towards the multiplication of this own stock and thus his own wealth. Therefore, men must own the stock they risk. Liberty in the market is derived from owning property. Smith saw wage labor as the property of all, even the stock owner (Wealth of Nations 14). Property was central to Adam’s theories. Without the liberty to own stock, there

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