What are the main points that Adam Smith made in The Wealth of Nations 30

Updated on culture 2024-03-15
7 answers
  1. Anonymous users2024-02-06

    In the preface to the first of the five books, Adam Smith summarized the whole book, arguing that the production of national wealth depends mainly on two factors, the skill, skill and judgment of the labor force, and the ratio of the labor force to the total population, the first of which plays a decisive role.

    Part 1, consisting of 11 chapters, mainly analyzes the causes of the formation and improvement of the productive capacity of the labor force, and analyzes the principles of the distribution of national wealth;

    Part 2, consisting of 5 chapters, deals mainly with the nature of capital, the mode of accumulation, and the analysis that the demand for the quantity of labor depends on the nature of the work;

    Part 3, consisting of 4 chapters, introduces the reasons for the relatively common policy of emphasizing urban industry and commerce and despising agriculture.

    Part 4, consisting of 9 chapters, mainly enumerates and analyzes various economic theories in different countries at different stages;

    Part 5, consisting of 3 chapters, analyzes how the country's revenue is used, whether it serves the whole people or only a few, and if so, how many items of expenditure are there for the whole population, and what are the advantages and disadvantages of each; Why do contemporary ** have deficits and national debts, the impact of these deficits and national debts on real wealth, etc.

    It is generally believed that this work is the pioneering work of modern economics, and later economists basically analyzed the laws of economic development along his method, and this work also laid the theoretical foundation of the capitalist free economy, and for the first time put forward the theory that the market economy will be self-regulated by the "invisible hand", and the later economist David Ricardo further developed the theory of free economic and free competition; Marx saw the inevitability of periodic economic crises in the free economy, and put forward the idea of using the theory of planned economy to solve them. Keynes proposed a method of intervening in the macroeconomic adjustment of the market economy. At present, economic theory is still in the process of continuous exploration and improvement, and there is no perfect method that can completely solve the problem of economic development, but the book "Yuan Fu" can still be regarded as the first work written with modern economic research methods, and it still plays a certain role in economic research, and modern economic research is carried out on the basis of this work, whether it is to develop it or oppose it.

  2. Anonymous users2024-02-05

    Summary. 4. International**: Smith advocated internationalization, believing that it could promote reciprocal relations and economic growth between countries.

    He believed that international ** could improve economic efficiency by allowing countries to focus on producing what they do best, and to meet other needs through exchange. 5. Theory of value: Smith advocated the labor theory of value, that is, the value of an item depends on the amount of labor required to produce it.

    He argues that through competition, the market will adjust so that producers receive fair returns, thereby promoting economic growth.

    Hello, glad to answer for you. Adam Smith's The Wealth of Nations is a work of economics, and his main ideas include the following:

    1. Division of labor: Smith believed that the division of labor was the key to increasing productivity and economic efficiency. By dividing the process into many different steps and allowing each worker to focus on a specific task, a significant increase in productivity can be achieved.

    2. Market Economy: Smith advocated a free market economic system, believing that the market can automatically adjust supply and demand and achieve the optimal allocation of resources. He stressed that we should try not to interfere with the disadvantages of the market economy, because the market itself can ensure the rational allocation of resources.

    3. Motivation: According to Smith, people's behavior is usually based on the pursuit of personal gain. He believes that this self-interested behavior can drive economic growth and innovation.

    4. International**: Smith advocated internationalization, believing that it could promote reciprocal relations and economic growth between countries. He believes that international development can improve economic efficiency by enabling countries to focus on producing what they do best, and exchange them to meet other needs.

    5. Theory of value: Smith advocated the labor theory of value, that is, the value of an item depends on the amount of labor required to produce it. He believes that through competition, the market will adjust the wheel, so that producers can get a fair return to hunger, thereby promoting economic growth.

    Overall, Smith believed that a liberal market economy could promote economic prosperity and innovation, and that it should be as unintervening as possible in the market and allowing the market itself to allocate its resources rationally.

  3. Anonymous users2024-02-04

    Adams's Wealth of Nations Theory is the foundation work of economics, which touches on many important topics in economics, such as production, income, capital, money, taxation, etc. The main points include: 1. The division of labor is the key to improving productivity and the wealth of the people next to the country.

    The division of labor is limited by the size of the market, and the larger the market, the more detailed the division of labor, and the higher the productivity. 2. Commodities have two values: use value and exchange value. Use value is the actual use of commodities for people, exchange value is the quantity of other commodities or labor that commodities can exchange for, and exchange value is affected by factors such as the amount of labor, capital, supply and demand.

    3. There is an "invisible hand" in the market economy that guides the rational allocation of resources and the harmony of interests. Through the pursuit of their own interests, people have also contributed to the maximization of social interests, and the company should minimize its intervention in the market and ensure free competition.

  4. Anonymous users2024-02-03

    Adam Smith's Wealth of Nations mainly pointed out that economic development must be centered on the interests of private wealth in order to increase the wealth of the country. He argues that if the state uses its own funds to support or encourage industries, or to control specific areas with the help of interventions, it will affect the production of natural wealth, limit the development of social welfare, and cause an economic crisis. Therefore, he held a respect for private property, resolutely opposed state intervention in the economy, laws restricting buying and selling, the enforcement of tax regulations, and suggested that the construction of wealth should be promoted by fair means.

  5. Anonymous users2024-02-02

    Adam Smith proposed () clan towns in The Wealth of Nations.

    a.The "homo economicus" point of view.

    b."Social people trillion coarse" point of view.

    c.Decentralized management.

    d.The theory of the division of labor.

    Correct answer: Decentralized management, division of labor.

  6. Anonymous users2024-02-01

    Adam. In The Wealth of Nations, Sihu Tongmi put forward three major theories, namely the theory of division of labor, the theory of the "invisible hand" and the theory of comparative advantage.

    First published on March 9, 1776, during the Age of Enlightenment. The first publication of The Wealth of Nations marked the birth of economics as an independent discipline, and The Wealth of Nations was the starting point for the study of modern political economy.

    The book has influenced not only writers and economists, but also countries** and organizations. The first Chinese translation of this monograph was Yuan Fu by translator Yan Fu. The Wealth of Nations is known as the bible of Western economics. Many of the ideas in the book were criticized and absorbed by Marx.

    Adam Smith began writing in 1768 An Inquiry into the Nature and Causes of the Wealth of Nations. In 1773 The Wealth of Nations was considered almost complete, but Adam Smith spent three more years polishing the book, and the first edition was published in March 1776.

    After the publication of this book, it aroused widespread public discussion, and its influence was not only in Britain itself, but also in continental Europe and the Americas, so that the world revered Adam Smith as the "father of modern economics" and "the patron saint of free enterprise". In the development of capitalist society, The Wealth of Nations played a major role in promoting it.

  7. Anonymous users2024-01-31

    Answer] :d Adam Smith in The Wealth of Nations, in which Smith criticized the mercantilist view, arguing that freedom is the best policy for economic transactions between countries, and advocating that liberal policies replace restrictions. Smith believed that through freedom, each country could specialize in the production of those products in which it had absolute superiority (higher production efficiency than other countries), and at the same time import those products that its own country had absolute disadvantages (lower production efficiency than other countries), and at the same time he believed that absolute superiority was the basis for the production of international superiority, so Adam Smith mainly put forward the theory of absolute superiority, so the Zen d option is correct; Classical economic theory, i.e., classical economics is the object of study of the classical school, by A

    Smith to DRicardo and Mill matured. Mainly studies the economic views related to The Wealth of Nations, but does not belong to Adam Smith's personal views, so option A is wrong; Adam Smith's theory of distribution is a theory of determination of wages, capital profits, and the natural rate of rent.

    It does not belong to the main economic theory of The Wealth of Nations, so option B is wrong; The theory of comparative advantage was put forward by David Ricardo in his masterpiece "Principles of Political Economy and Taxation", and the theory of comparative advantage explained the basis of production and profit on a more general basis, and greatly developed the theory of absolute advantage. It doesn't fit the topic, so option C is wrong; So the answer is D.

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