Posted: August 20th, 2015

The dramatic rise in wealth witnessed in some countries in the 17th and 18th centuries

1. According to Adam Smith, what was the main reason for the dramatic rise in wealth witnessed in some countries in the 17th and 18th centuries?

2. How did Smith think that this increase in wealth would affect the experience of work for most people in those countries?
3. How relevant is Smith’s account today?
Please answer by following question and provide in question number.

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