Adam Smith · Economics
Smith’s demolition of mercantilism and his case for open commerce - that trade is mutual gain, not a zero-sum war for gold - and the powerful objections it provoked.
You learned Smith’s case against mercantilism and for free trade. Explain why he thought trade is mutually beneficial rather than a zero-sum contest, and one serious objection to leaving trade entirely free, in your own words.
Leads to Friedrich List.
Begin this lesson →epoché — a humanities education that remembers you.