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The Wealth of Nations Essay Topics & Paper Examples

The Wealth of Nations

Whilst few historians would seek to denigrate the potency of Adam Smith’s ‘The Wealth of Nations’ in continuing to provoke debate, there are many, no doubt, who would question the validity of applying a Smithian framework to account for the impact of the Atlantic economy in establishing British industrial and commercial predominance over France. If we adopt a manifestly reductionist definition of what constitutes a Smithian framework; an expansion of the market allowing for greater trade, a crucial precondition of the division of labour, it becomes not only possible to ‘contextualize those hegemonic models of Smithian growth in which the French failed to embrace competitive factor and commodity markets’[1], as O’Brien has, but also allows for a total rejection of…