Author : Adam Smith
Publisher :
Page : 486 pages
File Size : 32,85 MB
Release : 2016-06-28
Category : Business & Economics
ISBN : 9781333001254
Excerpt from An Inquiry Into the Nature and Causes of the Wealth of Nations, Vol. 1 In the second place, Adam Smith had his eyes opened to the shortcomings of the restrictive colonial policy by the discontent in America. There had always been critics of the commercial policy of England in its relations with the continental countries, but these critics were largely confined to the Tory si'de. Adam Smith's significance in the history of political thought lies in the fact, as Ashley has shown us, that he brought these more liberal ideas over from the camp of the Tories to that of the Whigs. The experiences that followed the independence of America induced the Whig leaders before long to accept Smith's analysis, and gradually to embody its conclusions into legislation. Adam Smith, like all great men, succeeded in formulating what was soon to become the public Opinion. Not only was he the first to analyse the new system of industry known as the domestic system, but he was also the first effec tively to call attention to the changed commercial conditions which rendered a continuance of the old colonial policy both unnecessary and inadvisable. It was ultimately because Adam Smith foresaw a little more clearly than his contemporaries that he soon was to exercise so tremendous an in uence. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works."