Abstract
In this essay I aim to understand how Adam Smith predicted the progress and prosperity of a commercial society and analyze the main attributes of his natural liberty system. I examine the meaning and implications of prosperity in Smith's thought. Finally, I analyze the role of the division of labor and parsimony in the overall process of societal advancement.
| Original language | English |
|---|---|
| Pages (from-to) | 213-236 |
| Number of pages | 24 |
| Journal | Social Philosophy and Policy |
| Volume | 34 |
| Issue number | 2 |
| DOIs | |
| Publication status | Published - 2017 |
Keywords
- Adam Smith
- Commercial society
- Division of labour
- François quesnay
- Natural liberty
- Parsimony
- Physiocracy
- Progress
- Prosperity