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May 24, 2024 · Mercantilism, economic theory and practice common in 16th–18th-century Europe that promoted governmental regulation of a nation’s economy for the purpose of augmenting state power at the expense of rival national powers; it was the economic counterpart of political absolutism. Learn more about mercantilism here.
May 30, 2024 · Adam Smith (baptized June 5, 1723, Kirkcaldy, Fife, Scotland—died July 17, 1790, Edinburgh) was a Scottish social philosopher and political economist, instrumental in the rise of classical liberalism. Adam Smith is a towering figure in the history of economic thought. Known primarily for a single work— An Inquiry into the Nature and Causes ...
- Adam Smith was the son by the second marriage of Adam Smith, the comptroller of customs at Kirkcaldy, Scotland, a small (population 1,500) but thri...
- Adam Smith received his elementary education at a two-room “burgh” school in Kirkcaldy, Scotland, before entering Glasgow College at age 14 in 1737...
- Returning to his home in Kirkcaldy, Scotland, in 1746 after six years of study at Oxford, Adam Smith cast about for suitable employment and through...
- Adam Smith is known primarily for a single work—An Inquiry into the Nature and Causes of the Wealth of Nations (1776), the first comprehensive syst...
1 day ago · The term "capitalist", meaning an owner of capital, appears earlier than the term "capitalism" and dates to the mid-17th century. "Capitalism" is derived from capital, which evolved from capitale, a late Latin word based on caput, meaning "head"—which is also the origin of "chattel" and "cattle" in the sense of movable property (only much ...
2 days ago · One of the primary elements of the culture of the Enlightenment was the rise of the public sphere, a "realm of communication marked by new arenas of debate, more open and accessible forms of urban public space and sociability, and an explosion of print culture," in the late 17th century and 18th century.
3 days ago · v. t. e. The history of economic thought is the study of the philosophies of the different thinkers and theories in the subjects that later became political economy and economics, from the ancient world to the present day. This field encompasses many disparate schools of economic thought.
Jun 2, 2024 · In this respect, the debate between slavery and the British Industrial Revolution that Williams helped to ignite almost sixty years ago remains very much alive. Whether, as Morgan hopes, his booklet succeeds in prompting fresh research (p. 5) rather than simply providing an accessible summary of current debates for students, is open to question.
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4 days ago · The intentions of the Roundheads in the English Civil War did not differ so radically from the aristocrat-led rebels of the Fronde. We can legitimately see the English Civil Wars as part of a general crisis of the 17th-century world. The French Revolution, in contrast, certainly was made by a bourgeoisie, but not a particularly capitalist one.
