Group 5: The Development of Exploitation: Capitalism

Adam Smith’s Approach to Classical Economics

Introduction:

Smith comprehended and analyzed the deepest levels of the developing industrial economy. By doing so he provided a solution to the problem of the organization and control of the economic system. Through numerous works and specifically through the Wealth of Nations he inquires into the significance for economic policy. His work has been used through the ages and continues to be critiqued and followed currently.