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Adam Smith , Capitalism and Scottish Enlightenment

النقاط الاولى واضحه في المحتوى

Scottish Enlightenment
التنوير في اسكتلندا :

Scottish thinker :

ADAM FERGUSON ---- father of ----- modern Sociology

JAMES HUTTON -----father of ---- modern Geology

ADAM SMITH ---- father of ---- modern Economics

[ADAM SMITH wrote ; [The Nature and Causes of the Wealth of Nations'

and he laid the market economic theory ;

free trade + competitive markets = more advantageous to the public
*

consumption purpose the producer and promoting the consumer *


Statesman should attempt direct people in the manner they ought to employ their capitals
*
{council or senate}

-
* THE INVISIBLE HAND:
allowing economic activity to be free = bring prosperity even to poorer people and society



*
Smiths theory >>> Industrial Revolution >>>spread liberal economic = open markets ,international trade

BRITISH ;
developed economic and financial power in independent countries
built ; railways ,
Great London Exhibition >>> Britains dominance in engineering, communications & industry




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