Essays on Wealth of Nation

Adam Smith’s work The Wealth of Nations has given him an association with capitalism and the invisible hand that guides individuals in economic activities. This invisible hand is both local in nature for the benefit of the individual and the community as a whole. He...

Since the beginning of time, mankind has always employed a system of trade among each other, in order to acquire materials, services, or goods. Many systems of trade exist today, aging from the historic barter system, in which goods and/or services are directly exchange for...

Adam Smith, whose Wealth of Nations was published in 1776, was the father of modern economics and capitalism. He argued, that the free operation of market forces was the best recipe for a flourishing and growing economy. If everyone is as free as possible to...

In the United States, economic inequality has risen in recent decades. Anyone who has looked at data on this issue knows that the rise has mainly been caused by the ‘pulling away’ of the rich from everyone else in America. The top 10% of our...

The map that forms the basis of this discussion is interactive in the sense that it creates a better focus and understanding the world distribution based on crucial focus and understanding under which it will be possible to make conclusion regarding the global representation on...

Small businesses in Maine provide necessary services to those that live in the state as well as those that visit for a short time. Maine’s small businesses are what fortify Maine’s economy and show a strong work ethic for Maine by those that are employed...