Adam Smith's Wealth Of Nations

Part I of Essay
This first reading of Adam Smith's, Wealth of Nations, examines the labor force, ( in this case, of Europe and England ) how it functions to improve abundance and how that abundance is distributed throughout society. The amount of annual abundance in a country will d ....

Part II of Essay
.... demand. The first trading was dependent upon commodities. This led to "common" commodities being used for exchange such as cattle, salt, or sugar. Metals became the preferred common commodity because they were non-perishable and could be divided. Metals were first used as crude bars of iron or copper with richer nations using gold and silver. Eventually, the bars evolved into money as we know it today, stamped by public office known as mint. This first portion of Wealth of Nations struck me as a mini course in basic economics. How ....